If you are running an accounting firm then there are surely many things that you will need to take care of because modern day accounting services are not only limited to bookkeeping.
This is why running an accounting firm successfully is not a cakewalk. When you will start serving the clients only then you will realize that there the modern day clients are now demanding a wide array of things from an accounting firm and the top of all those demands will be a good accounting software solution. If you are a reputable accounting firm then you must be aware about QuickBooks and there are maximum chances that you must be using it as well. But there are many accounting firms out there that are still relying on legacy accounting solutions that only act as a hindrance between success and the accounting firm.
Before choosing an accounting software solution, it is highly necessary for you to understand the implication of the different versions of the accounting software and only then you will be able to choose the most appropriate version of the accounting software. Well, the same thing can be said about QuickBooks as well. If you are going to choose QuickBooks as your accounting partner then it will become necessary to decide between the three versions of QuickBooks and to make things easier for you, we are going to discuss these three versions of QB in a detailed manner.
QuickBooks 2019
This is the oldest version of QB on our list and this version was released on 17th September 2018. You should know that in this version a lot of new changes were made to the existing version of the accounting software like the ability to run industry reports and the ability to create checks for vendors. All the changes made in this version of the accounting software were made after analyzing the demand from the users and several other tests.
QuickBooks 2020
This version of the accounting software was released on 16th September 2019 . It was one of the most promising additions to the different versions of QB since it came along with many significant changes and improvements like company file search and combining multiple emails. All the expectations of the users of this accounting software were fulfilled with the release of this robust and seamless version of the accounting software.
QuickBooks 2021
You should know that this is the latest addition to the QB versions and it is being considered as one of the most powerful and important versions of the accounting software. There has been a lot of focus given on automation through this accounting software and this is why this version of the accounting software is being considered revolutionary. You should also know that this version of the accounting software is now available to be updated. Most of the changes made in this version of the accounting software have been kept from an automation point of view and this trend will continue in the future as well.
Comparing different versions of the QuickBooks
Which one is better for your accounting firm?
Choosing the right edition of accounting software shouldn’t be hard for you as all the three editions of the accounting software; Pro, Premier, and Enterprise have been built for firms of different sizes. And when it comes to choosing the right version of the accounting software then you should always go with the latest version, even in the case of QuickBooks. As an accounting firm, you will need to make sure that you are equipped with the latest technological updates in the world of accounting and you are lashed with the best accounting features of the modern era. Well, this will only be possible when you will start using the latest version of the accounting software solution. In addition to this, the latest version of the accounting software will also have all the security updated and this is why the chances of someone breaching in your accounting software solution will be minimal. This is why, if you are running an accounting firm then you should go with QuickBooks 2021 without any second thoughts. If you are already using QuickBooks accounting software and using the older versions then it’s high time for you to make an update and enjoy the latest features of the accounting software solution. If you are looking for something complementary to QuickBooks, a software worth taking a look at is DataRails. You can Automate manual processes for instant consolidation of financial statements. Integrate with any existing system to provide powerful, real-time financial insights. Instant Implementation. Reporting & Analytics. Budgeting & Planning. Financial Close.