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Intuit has just announced the release of QuickBooks for Mac 2020. Initially this product will be rolled out to QuickBooks ProAdvisors with an Enterprise Software Bundle (that includes a license for QuickBooks for Mac). Not long after, current QuickBooks for Mac users will begin being notified about the availability of the initial release of the software (should they wish to purchase an upgrade for download). Soon thereafter, QuickBooks for Mac 2020 versions will begin appearing on retailers' shelves.
Insightful Accountant has had communications with Intuit personnel, including product managers and developers, concerning the new features so we can give you a glimpse into the new version. This article provides a synopsis of those features. This year I decided to post this QuickBooks for Mac summary separate from my 2020 QuickBooks (for Windows) Summarybecause I realize that most of our readers who ‘do Mac’ don’t have any interest regarding the Windows versions, or vice versa.
Find helpful customer reviews and review ratings for QuickBooks Online for Mac 2018 Small Business Accounting Mac Online Code OLD VERSION at Amazon.com. Read honest and unbiased product reviews from our users. Although QuickBooks for Mac looks like it’s designed to offer much of the same functionality as QuickBooks for Windows, it lacks many critical features. First, QuickBooks for Mac doesn’t offer a sync manager, web connector, or QuickBooks SDK. This means you can’t connect with any third-party applications using QuickBooks for Mac.
Insightful Accountant will however be including QuickBooks for Mac in our SeptemberQB Talks webinar scheduled for 2 PM Eastern on September 18, 2019 when we discuss all of the QuickBooks 2020 versions, so you may want to tune in for that webinar even though it does contain ‘Windows’ versions (sorry), there will be more information about that webinar in a future article. You can register HERE.
The New Look
Probably the biggest and brightest, or perhaps ‘darkest’ (depending on your perspective) change in my way of thinking is QuickBooks for Mac has ‘gone dark’ with compatibility to use the Dark Mode user interface found in the Mojave Operating System. It certainly gives QuickBooks for Mac an entirely different look that many QB-Mac users have been asking for.
×For 2020 QuickBooks for Mac has 'gone dark' (optional) with Mojave OS Dark Mode compatibility.
More Snap in the Snapshot
Who doesn’t love a dashboard? For 2020 QuickBooks for Mac has put even more visibility into the users business by providing clearer snapshots of the company in a centralized dashboard. Users can easily customize the layout by selecting or moving the various displayed widgets, changing the date ranges, and configure the types of graphics being displayed.
×Centralized Dashboard in QuickBooks for Mac 2020 gives you an enhanced company snapshot with more widgets, and customizable layout from which to choose.
iPhone Scanner Integration
Upload text searchable images from your iPhone/iPad to QuickBooks for Mac
QB-Mac-2020_iPhone2Mac_01_4x3-R
Most Apple lovers are indeed ‘Apple lovers’ that means they not only love their Macs they love their iPhones as well, and so they want they two of them to work together and that’s true even when it comes to QuickBooks. Well for 2020 these Apple lovers can now upload text searchable images from their iPhone cameras to QuickBooks for Mac. You can also add these images to your QuickBooks transactions via the ‘Attachments Center’ as long as you have everything set-up properly.
In order to use this feature the following configuration and settings must be operational: (1) you must be using the Mojave MacOS, (2) your iPhone must be using iOS 12 (or higher), (3) your Mac and iPhone must be on the same WIFI network or must be connected via Bluetooth, (4) you must be signed into iCloud on both your Mac and iPhone, (5) and you must have enabled two-factor identification.
When you take a Phone, say of a receipt, and press photo the phone will be saved in the QuickBooks Attachment Center. From there you can attach it to any document.
×User your iPhone camera to quickly scan in photographed bills, receipts, invoices, or other forms, then search them easily with new QB for Mac search features
As an alternative you can add attachments directly from a transaction by clicking on attachments, then clicking on the plus icon and selecting either your iPhone or iPad, then click on either scan docs or take photo for the appropriate device to open the camera on the device, when you press photo it will be saved as an attachment directly to that transaction.
By the way, this process uses OCR when attaching documents so as to make them searchable which is the next new feature.
Improved Search of Attached Images
Significant improvements have been made in the ability to search scanned PDF attachments for text. Because the new process is reliant upon the OCR being when attaching documents, they should be as high a resolution with a high a contrast as possible to make searching easier to insure that you find the information you are seeking.
×QuickBooks for Mac 2020 has enhanced text searchable image scanning, search scanned PDF images for specific text using integrated OCR functionality.
Note, if you are using either scanned images of, or searching for scanned images of Intuit Online Payroll documents, you must have Adobe Acrobat available, and Adobe Acrobat license is not included with your QuickBooks for Mac license.
Reporting Modernization
I remember several years back QuickBooks for Mac supposedly enhanced their reporting capabilities and the general consensus was that “they made it more like QuickBooks for Windows” when Mac users had hoped they would make it more like typical Mac reporting tools Numbers, or even 3rd party tools likes today’s Domo or Looker. Now we have another revision they are calling a ‘Modernization’ that promises improved customization, usability, presentation and navigation. Since I am not a regular QuickBooks for Mac user, I am not a good judge of these changes, you will need to decide for yourself.
So, let’s start by taking a look at the interface… one of the first things you will notice is that there are 3 tabs: options, filters and format. In detail reports you can search by the available columns.
×Modernized reporting with improved customization and real-time updates that show changes automatically
By the way, reports are self-refreshing now which means that they show changes to your data in real-time automatically.
The filters tab provides another location by which you can easily search for information you are needing, then build your report to express your report results.
×
QuickBooks for Mac Modernized Reports mean refreshed reporting structure affording greater usability, easier navigation and better appearing presentation(s).
With the ‘format’ tab you can easily create customize reports by selecting and modifying the format style you want, and then saving your customizations to fonts or other design elements as a new custom format setup.
×The modernized reporting found in QuickBooks for Mac 2020 affords greater customization and formatting than ever before. Save your designs and use them over and over with your own customer format style.
So, you tell me, is this the kind of reporting modernization you have been looking for, or are you still expecting more from QuickBooks for Mac when it comes to reporting? Let us know by posting a reply in the comments below, we will pass them along to Intuit's QuickBooks for Mac Development Team.
Invoice e-Payments
This new feature allows QuickBooks for Mac users to send customers electronic invoices with online ACH, credit card or e-check payment options; however, it requires QuickBooks Payments service which is sole separately. Users can sign-up for the Payment Service via the in-product link.
×Send customers electronic invoices with online ACH, credit card or e-check payments using the new Invoice ePayments feature. (Requires QuickBooks Payments subscription, sold separately.)
Bounced Check Processing
This new feature allows you to easily deal with insufficient funds checks you have received from one of your customers as a payment for an invoice, while at the same time handling the bank fee(s) your were charged for the bounced check. You also have the option of charging your customer a fee for having to deal with their NSF check.
You begin this process by locating the Customer Payment for which the NSF check was received and click the new 'Bounced Check'.
×Quickbooks For Mac Reviews
For 2020 QuickBooks for Mac has a new Bounced Check feature that provides an efficient way to deal with NSF checks you have received as payments from a Customer.
You can then record the bank fee you were charged for the bounced check, along with the appropriate expense account you wish to use to record that fee (and any Class, optional), as well as any NSF handling fee you wish to charge your Customer for the inconvenience of having to deal with their bounced check.
×QB-Mac for 2020 does the work for you of properly posting all fees and reversing Customer payments when you experience a bounced check.
When you click Next, QuickBooks for Mac displays a summary window (as shown top of next page) of the actions it will take in response to the bounced check. In this example you wills see that QuickBooks will mark 2 previously paid invoices now as 'unpaid', post a previously deposited check in your checking account as 'returned', post a new 'bank service' fee for the NSF, and create a new Invoice to the customer for your NSF Charge for handling the bounced check.
×QB for Mac displays a summary of the various actions it will take in response to the bounced check feature prior to recording them, you can either choose to record or cancel the actions as appropriate.
Once you Record the actions QuickBooks for Mac displays the modified Customer record reflecting the entries that have been adjusted including the unpaid invoices, the journal entries recording reversing entries related to the transactions (as shown above), and the new fee invoice.
Remember, our companion article on QuickBooks Desktop 2020 can be found also in the headlines of today’s Insightful Accountant here and we will also be continuing our series on QuickBooks 2020 tomorrow with individual articles on the various QuickBooks Desktop features.
Editor's Acknowledgements
That about wraps up my article on QuickBooks for Mac 2020 but again I have to thank my friend Laura Madeira who has helped me remain consistent and accurate with my content this year by cross-checking it against her own resource. So, for the official Intuit version of “QuickBooks Desktop 2020 – What’s New and Improved” (which includes QuickBooks for Mac) written by Laura Madeira be certain to check out this Firm of the Future blog website.
Quickbooks For Mac 2019
A special thanks to Brooks Bell with Intuit's QuickBooks for Mac team who provided content related information and resources used in the development of this article. Of course, there countless numbers of people on the Intuit Product Development teams that work on each of the various features to make the magic happen and too often we forget to say, thank you, so to all of them I say,'THANK YOU'!
QuickBooks 2016 Discontinuation Similar to their arrangement, Intuit has reported that they are ending a more seasoned rendition of QuickBooks. On the off chance that you are utilizing QuickBooks 2016 (Windows and Mac) at that point you won’t most likely utilize certain administrations and highlights after May 31, 2019. We should perceive what the effect will be on your business.
For subtleties past what I give here observe this Intuit bolster archive on Intuit’s disco (end) strategy.
This means for the QuickBooks 2016 work area items:
- QuickBooks 2016 will keep on working after this date, for fundamental bookkeeping capacities.
- Any administration that depends on an Intuit server, (for example, work area finance, web based banking, and so on.) will never again be practical in this discharge.
- Live specialized help will never again be accessible from Intuit.
- Intuit won’t ensure that you can enlist items or recover key codes (in spite of the fact that, as a rule I find this hasn’t been an issue, for no less than a couple of years following cessation).
- Intuit won’t give substitution CDs or manuals, in spite of the fact that you can download more seasoned items.
- There will be no further updates to the program.
This applies to the accompanying items:
- QuickBooks for Mac Support
On the off chance that loss of any of these administrations are an issue for your business, you can move up to an increasingly present adaptation to keep getting support.
Administrations Discontinued for QuickBooks Pro, Premier, Enterprise and Mac 2016
After May 31, 2019, you will never again have the capacity to utilize the accompanying administrations on the off chance that you are utilizing one of the 2016 items (note that not these were accessible to Mac clients):
- Basic, Standard, Enhanced or Assisted Payroll: After the cutoff, QuickBooks 2016 will never again consequently compute right finance charges, give refreshed structures, or send your finance information.
- Worker’s Comp: You will never again have the capacity to process Worker’s Comp Payments through QuickBooks 2016.
- QuickBooks Workforce (once in the past ViewMyPaycheck): You and your representatives will never again approach QuickBooks Workforce.
- QuickBooks Merchant Services will never again process Visa exchanges through QuickBooks 2016, in spite of the fact that you can at present procedure outside of QB. You likewise won’t probably get downloaded Mastercard data.
- Recurring Payments will never again be downloaded
- Automatic Credit Card Billing will be ended. You won’t most likely download exchanges, your client profiles will be erased, and you won’t almost certainly get to the information you entered there.
- eInvoice mailing will never again be empowered.
- Intuit Check Solutions will never again process exchanges in QuickBooks 2016 (you can at present procedure outside of QB).
- Live Technical Support will never again be accessible. On the off chance that you have a functioning QuickBooks Care Protection Plan, bolster will end when the arrangement is expected for recharging (month to month, multi day, or yearly).
- Accountant’s Copy File Transfer (ACFT) administration will never again work with QuickBooks 2016.
- Multicurrency Exchange Rates will never again be accessible for empowering or refreshing.
- Bill Pay will never again be accessible.
- Online Backup will never again be accessible when your help plan terminates.
- Online Banking, for example, downloading exchanges or sending/getting on the web installments, will never again work. On the off chance that you attempt, it will demonstrate you one of a few distinctive blunder messages (contingent upon your download technique) on the off chance that you endeavor to download exchanges, send online installments, or send online exchanges. One model would be “QuickBooks is unfit to confirm the Financial Institution Information for this Download.”
Those are the administrations that Intuit explicitly makes reference to, yet I trust that there are different administrations not recorded that will never again work after the end date. Here’s rundown of different administrations that I expect won’t be accommodated QuickBooks 2016 after the disco date, in view of what we’ve seen in earlier years:
- 1099: You probably won’t most likely dispatch the 1099 Wizard. Despite everything you ought to have the capacity to utilize an extra 1099 e-recording administration, however.
- Contributed Reports: try not to have the capacity to contribute reports and try not to have the capacity to get to any new reports on that stage.
- QuickBooks email (the inside QuickBooks mail administration for messaging solicitations), which is for the most part connected with one of the administrations recorded before, should never again be accessible.
Outsider extra items ought not be straightforwardly influenced by this – but rather you should check with your seller to perceive what their approach is.
Is Quickbooks For Mac Discontinued
What Should You Do?
On the off chance that you are utilizing QuickBooks, the standard answer is, “Right now is an ideal opportunity to update.”
There are four territories of concern while overhauling:
- What highlights have changed? Intuit is including less new highlights each year, and moving from 2016 to 2019 won’t be as horrible a change as has happened in some earlier years. These articles can give you some thought of what’s in store:
- QuickBooks 2017 new highlights
- QuickBooks 2018 new highlights
- QuickBooks 2019 new highlights
- Have framework prerequisites changed? This may be an issue for certain individuals. QuickBooks 2018 isn’t upheld on the majority of the working frameworks that QuickBooks 2016 took a shot at. Windows Vista, for instance, is never again bolstered. See this framework necessities page for subtleties.
- Converting your QuickBooks organization record. Overhauling of your QuickBooks information ought to be generally effortless going from QB 2016 to 2019, in spite of the fact that there can now and again be issues. Before you introduce the redesign, ensure you have a decent reinforcement of your organization document. You ought to complete a confirm of the database before change, to check whether there are any glitches. In the event that there are, they can meddle with the change. We suggest that you work with a learned specialist in playing out your overhaul so you don’t lose whenever in working out the subtleties. Be that as it may, basically all you should do is to introduce the new program and open your old document with that new program. QuickBooks 2018 will deal with the change naturally.
In any case – remember that your fundamental QuickBooks 2016 item will keep on working for your essential business needs as long as you aren’t depending on the administrations I recorded.
On the off chance that you are a QuickBooks specialist, you have to check with your customers so they comprehend what will change in May. Try not to give them a chance to be shocked when things quit working – assess their necessities and check whether they will lose anything vital to their task. Remember that occasionally moving up to another discharge takes a touch of time and exertion. You need to make arrangements with the goal that this should be possible in a precise manner, instead of as a very late scramble when they find that things aren’t working right.
My suggestion is discussion to customers about this currently, to set them up for the changes. From what I can see, there is no significant motivation to not move up to QuickBooks 2018 as of now. Try not to hold up until May – on the off chance that you keep running into any change issues (which can occur), you would prefer not to need to manage that in a rush, as things like Mastercard handling quit working.
There are choices, obviously:
- Many of the ceased administrations are accessible through different sources. There are finance frameworks, trader administrations frameworks, that will keep on working with more established forms of QuickBooks.
- If you buy in to the QuickBooks Pro Plus and QuickBooks Premier Plus projects, you are paying a month to month membership expense, and in this way the most recent adaptation is accessible to you for no extra charge. Endeavor clients are on a membership plan, which gives a redesign.
- Move to any internet bookkeeping item and you’ll (nearly) dependably be utilizing the most present adaptation of that item. Tragically, this isn’t generally a suitable choice for some work area clients, because of the more modest number of highlights at present given by most online items.
What Do I Think?
Consistently, when Intuit nightfall a more established variant of QuickBooks, we hear an extraordinary objection over the training. “In what manner can Intuit debilitate the item that we purchased?!”
I do have some compassion toward what Intuit is doing, however I don’t completely concur with the arrangement when you take a gander at the master plan.
While I do trust that it is fitting for Intuit to stop support for more seasoned items, especially with highlights that require an online administrations or some likeness thereof, I likewise trust that a product supplier should make it moderately easy to update your item to the most recent rendition. This is the place I think the Intuit approach falls flat. On the off chance that you are utilizing the more established item and you should move up to the present item with the goal that you can keep on utilizing these administrations, Intuit ought to give an ease overhaul way. Intuit offers a little overhaul markdown through the “disco” page, yet it isn’t enormous. I believe that a sensible overhaul estimating plan would resolve a great deal of issues the extent that I’m concerned. In any case, I simply don’t see Intuit doing that.