Winning numbers: Intuit improves on a small-business favorite

Entrepreneur, July, 1998

Intuit's strong desire to meet its customers' needs has resulted in QuickBooks Pro 6.0 ($219), complete with multiuser support. An upgraded version of the basic single-user QuickBooks 6.0 ($119) has also been enhanced.

Multiuser support is not the only new feature in the upgraded version of QuickBooks, which was scheduled for release in June. Intuit has taken pains to make this program Internet-ready, with an embedded version of Microsoft Explorer, free online access to QuickBooks support and services, and new online payroll, banking and bill payment services. Let's take a look at some of these features.

CHECK IT OUT

QuickBooks was the first small-business accounting program designed to be easy to use for those of us without accounting experience. There's no need for double entries; QuickBooks "knows" where all your figures and data should be posted and does it automatically. Intuit's continuing goal is to help eliminate time-consuming accounting tasks so users can get back to business as soon as possible. In keeping with this philosophy, QuickBooks 6.0 sports an upgraded help system that includes new "How Do I" buttons to give users tips on optimizing their QuickBooks experience. And CD-ROM videos train new users on various functions.

Because Intuit has been providing products to small-business owners for so long, the company has gathered extensive feedback that it has used to develop interesting data on all types of businesses. You can access detailed tips for using QuickBooks for whatever type of business you run. Reading through these tips will inspire you to use QuickBooks to its fullest potential.

Links to Web-based information on small business are also a welcome addition to QuickBooks, as is the link to business advisors in your area.

Installing QuickBooks 6.0 was incredibly easy. If you're upgrading from an older version, your data will easily import into 6.0. If you're a Quicken user and are ready to take the plunge into more advanced accounting capabilities, you'll be happy to note that Quicken data can now be converted into QuickBooks files.

As a new user, you'll want to go through the QuickBooks interview process to assure yourself that the program will be set up to meet your needs. To eliminate any confusing functions that don't fit your business's needs, QuickBooks will hide them from view until needed.

ALL TOGETHER NOW

In the past, if QuickBooks users wanted to network their accounting data to share some or all of the functions with other employees, they'd be forced to upgrade to a more powerful accounting program. QuickBooks Pro 6.0 changes all that with its multiuser capability. Although many would say it's been a long time coming, Intuit says it was worth the wait: It claims that QuickBooks Pro 6.0 is the easiest multiuser accounting program to hit the market.

The beauty of a multiuser environment is obvious. For example, if you're busy at your computer paying bills or running reports, with a multiuser program, one of your employees can input invoices and print them out for customers at the same time. Or perhaps you have someone in accounts receivable doing collections but you still need access to invoices. Having the ability to work simultaneously will save you a tremendous amount of time and stress.

Although I was unable to test the networking functions, they include the ability for multiple users to view the same transaction simultaneously. QuickBooks tells each user who is editing a given transaction, and a list of all the users logged onto the system is available for review. In addition, individual users can customize QuickBooks to work the way they do, while an Audit Trail tracks which user made changes to each transaction.

Each user in a multiuser environment will need a copy of QuickBooks; a five-user value pack costs $599.

MORE TIMESAVERS

Even if you don't intend to use QuickBook Pro's multiuser capabilities, you should be aware that the program also features time-tracking, estimating and job-costing. If your clients require job estimates or you bill time to customers, QuickBooks Pro will save you from re-entering data into various forms. Instead, you enter your time or your employees' time into a time sheet, attribute it to a specific customer, and all the appropriate accounting and payroll records are updated automatically. An added benefit: It's easy to edit the hours to be billed before invoicing your client.

The job-costing function gives you a clear picture of what products, services and employees generate the most or least profit. This makes it possible to determine your company's profitability with hard facts. An on-screen timer lets you track tasks as you go.

Online Payroll and Direct Deposit services are yet more ways Intuit is trying to make small-business users' lives easier. These online services allow QuickBooks users to easily deal with payroll tax filings, tax deposits, W-2 processing and direct deposits. These capabilities will be included in the QuickBooks Pro 6.0 release; however, the services won't be available until next year. The fee for Online Payroll is $20 per month, plus $1 per employee per payroll run. Direct Deposit costs $1.50 per pay period.