There is a new feature in QuickBooks 2011 that many people have overlooked so far. In QuickBooks 2010 and prior years, if you wanted to post something to Cost of Goods Sold and mark it as billable to the customer or client, you had to use a two-sided item.
The Multi-Instance feature will save you time and improve your efficiency by allowing you to have two instances of QuickBooks open at the same time. This means you can have two different company files open at once! Now when you are working in a QuickBooks file and need to open another file to check on something for a client, you can open the second file without closing the first. Perhaps you are working with two related companies; now you can actually copy and paste information from one file into the other since they are both open. Maybe the client data file is too large so you create a new data file. Now you can work in the new file but have the old file open to refer to as needed.
There have been some changes this year in the QuickBooks Products. Here’s a quick update on some of the more significant changes:
1. QuickBooks Pro 2011 is now up to a maximum of 3 users (vs. a maximum of 5 users in the past). It is possible to have 3 users of QB Pro and 2 users of QB Premier to get 5 users. However, only the users on QB Premier would have access to the Premier features but this would allow you to have 5 users without buying all Premier licenses.
I’m pleased to announce that I will give away over $8,000 of QuickBooks products and a ProAdvisor membership by the end of the year! Plus, three of my QuickBooks friends will be giving away products too! Make sure to subscribe to my website (via email or RSS feed) so you receive the updates and notices about how to enter to win! I’m giving away the following (separately):
From The Sleeter Group’s Desktop Accountant Newsletter: In Michelle Long’s article last month, she showed you how to use ReferenceUSA to create your own mailing or contact list for free to help with your marketing efforts. This month, we learn how to find industry averages in ReferenceUSA, the library, or Bizstats.com.
From The Sleeter Group’s Desktop Accountant Newsletter:
This is the inaugural article in Michelle Long’s new regular column Michelle’s Successful Consulting Corner. Keep an eye out for more business solutions in the coming months. If there is a topic you would like to see addressed in a future column, please email questions and suggestions to Michelle.
Evidently, there was a massive outage at an Intuit Data Center and many Intuit websites and applications are down. The official word is “Intuit continues working to restore full service to a number of websites and applications, including QuickBase, that became unavailable at about 7pm Tuesday, Pacific time. Our first priority is to give customers full and complete access to our services and their data as soon as possible. We are also investigating the cause of the problem and will take measures to prevent a recurrence. We appreciate our customers’ patience.”