"

Estimated reading time: 2 minutes, 20 seconds

Intuit: QB 2010 Produces Time Savings

Samir KhosiaIntuit said it spent a lot of time in developing QuickBooks 2010, the latest iteration of the widely used package, in figuring out how it can reduce time accountants need to spend cleaning up clients' financial records, installing the software and about about everywhere else the vendor could think that it could make things simpler, including speeding up general performance.
"We have done  concerted work on performance improvement so QuickBooks will start up faster," says product manager Samir Khosla, group product manager, QuickBooks Premier Accountant Edition. The end result of the tinkering in the lab should produce a 15-percent-to-20-percent time saving for those using the latest version. For those working with large data files, it’s going to be important for them," Khosla says.

And that approach represents a basic change in how Intuit promotes the package. At its Investor's Day this week, CEO Brad Smith said the company has gone from talking about bookkeeping and accounting to discussing time savings and how much saved costs result from that.

Intuit has trumpeted the improvements it says have been made in the installation itself, one of the areas, the company said has led to one out of five QuickBooks purchasers never using the product. QuickBooks 2009 has 17 screens and an average installation took 11 minutes while 2010 installation utilizes six screens and installation time averages four minutes.

The latest version can also flag common mistakes made by users, so that the accountant doesn't have to spend so much time cleaning them up. For example, a user trying to get an invoice out might not take the time to set up all inventory items correctly. "It flags things which accountants should look at or discuss with business owner," Khosla continues.

Another area in which mistakes are commonly made is in entering cost information. "These are classic mistakes if you are in a rush and trying to get a transaction out," says Kholsa. "It results in wrong bookkeeping." Rather than having to dig into each item separately, the accountant has a single screen  from which to check all costs.

 

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Read 5524 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.