If you are running a business then you must always be concerned about your accounting department because it is the accounting department that gives you complete details about your financial health.
If you will not have any idea about your financial health then you will never be able to attract investor and you will never be able to give any proof when you will be audited. This is one of the main reasons why most of the businesses always try to step up to the plate when it comes to their accounting operation and in addition to choosing the right people for accounting by zeroing down the available options, you also need to choose the best accounting software.
By the look of things, it is very much clear that QuickBooks is the most impeccable accounting solution of the modern era as it already has more than 83% of market share in the U.S and it is growing exponentially in other parts of the country. Instead of being bogged down with the regular accounting solution, you can easily step up to the plate by choosing the advanced, popular and robust QuickBooks accounting solution that can be easily used on the cloud as well.
But if you are looking forward to making the most of your QuickBooks accounting solution then you will have to use its latest version. If you are already using QB then you must be aware of the fact that every year, Intuit (The marketer and developer of QB) releases a new version of the most powerful software in order to get rid of the bugs and improve the performance. Well, according to the experts, if you are really looking to harness the real power of this powerful accounting software, then instead of being bogged down with the older version, you should begin on the right foot and upgrade to the latest version. Let’s find out why.
Get rid of the bugs
One of the biggest benefits of moving to the new version of the accounting software is you will be able to get rid of the bugs. Even the most powerful and advanced software solution is full of bugs and with time, these bugs are trimmed out from the solution and the same goes for QuickBooks as well. If you will keep using the older version of the accounting software then you will never be able to step up to the plate as your version of the accounting software will be full of bugs. With every update of the accounting software, the bugs are identified and trimmed out from the software in order to make it better. This is one of the most important reasons why you need to upgrade your version of the accounting software.
Improvements in the existing features
Another main reason that you should shift to the newer version of the accounting software is you will be able to notice improvements in the existing features of the accounting software.
There are surely many accounting and inventory management features in the QB accounting software and they are surely very useful and advanced but in order to make these features better and accentuate them, the company behind the accounting software keeps on coming up with new improvements in the existing features. This is one of the main reasons why you should not forget to shift to a newer version of the accounting software if you are really looking forward to stepping up to the plate.
For example, when the QB 2020 came, there was an improvement made in its existing feature email sending and this improvement came in the form of the ability to add PO. Because of this improvement, users can now add the Purchase order of the customer in the email subject. If you will not update to the latest version then you will never be able to use this feature.
Addition of new features
Along with the improvement in the existing features, new features are also added in the latest version and this is what makes the newer version a far cry from the older version. There is no denial in the fact that the older version of the software surely comes equipped with the advanced accounting solution, but with time, new demands emerge and in order to match this pace, the software developer has to make new additions in the accounting software. If you will shift to the latest version then you will be able to take advantage of the latest additions to the software.
For example, when QB 2020 was released, a new feature of landed cost calculation was added to the accounting software. With the help of this new feature, the user is now able to calculate the product cost in a more effective manner.
As you can see, upgrading to the latest version of the QuickBooks accounting software solution offers you a wide range of benefits and this is why you should never rely on the older version. Just look at the version you are currently using and make the paradigm shift by upgrading to the latest version.