This enhancement allows you to better manage vendors, ensure you’re choosing the right vendor, make better purchasing decisions, and improve profitability when buying inventory teams using purchase orders in QuickBooks Enterprise Solutions.
It also allows you to assign unique vendor part numbers, costs, and lead times for each vendor and item. The new Alternate Vendor feature allows you to associate up to four Alternate Vendors with each inventory item. However, it didn’t give users the option of tracking alternate vendors or comparing prices and lead times. QuickBooks Enterprise already allowed users to associate a “Preferred Vendor” with certain inventory items. Alternate Vendorįor companies that work with several vendors, it can be challenging to keep track of things like pricing and lead times. This can help you better understand actual product costs and help you discover money-saving alternatives. The new Landed Costs feature included with QuickBooks Enterprise 2020 with Advanced Inventory (Platinum Subscription), makes it easier to allocate these additional costs into item bills and keep track of all expenditures.
Quickbooks accountant desktop 2020 release date manual#
Like most manual processes, the task was time-consuming and error-prone.
Until now, users had to manually add those costs to each inventory item. It can also include the cost of freight, duties, insurance, taxes, storage, payment processing, and other fees. The actual cost of inventory includes more than just the purchase price. Having the option to turn two tasks into a single workflow can help you streamline the order fulfillment process and save time. However, in QuickBooks Enterprise 2020, users can add an optional workflow that merges the pick and pack process. Yet, previous versions of QuickBooks Enterprise had separate pick and pack steps that were complicated for employees to navigate. In many companies, employees pick and pack orders at the same time. In the last few years, Intuit has introduced a few new features aimed at improving the sales order fulfillment workflow in QuickBooks Enterprise, and the 2020 release is no exception.
Let us see the new and improved features in detail. QuickBooks 2020 follows up on that innovation with some new essential features that greatly improve the customer experience. The previous version, QuickBooks Enterprise 2019, brought us some excellent new features, including a payroll permissions manager, advanced pricing features, and the ability to transfer customer credits with just one click. Intuit recently launched the latest version of QuickBooks Enterprise: QuickBooks Enterprise 2020.
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