QuickBooks 2020 R3 Released

| October 24, 2019 | 0 Comments

Intuit has released QuickBooks 2020 R3, the first bug release update of the new product. This is why I always recommend that you avoid using an R1 release, because we know that they are already working to fix bugs when they first release a new product year.

This update should be available via automatic updates soon, if it isn’t already. You can also go to the QuickBooks Update site to download the patch.

Should you get this update? Well, if you are using QuickBooks 2020 R1, you definately SHOULD. But, if you are using an older version of QuickBooks, I generally suggest that you wait a bit longer before you jump into the 2020 version. I don’t know of any problems, but this is a very new product and you don’t want to experiment with your company accounting process.

QuickBooks 2020 R3 Bug Fixes

Here is a quick overview of the bugs that are fixed in this release:

All Versions:

  • Adds a link to a solution when QuickBooks asks to close all Outlook windows when sending invoices
  • Fixes an issue with item warning messages when a class is not assigned in a transaction (when prompt for assigning classes is turned on)
  • Fixes a crash that occurs when entering a memorized transaction with a date prior to the dividing date
  • In the Send Reminder window, the “Send” button will now be disabled when there are no emails to send. Also there, the window will close when you press the “esc” key
  • Checks will no longer show “To be printed” after printing if the “Enter” key is used instead of the mouse pointer
  • Resolves a crash that would occur when applying credits on the same job
  • Fixes the “Service Messages unavailable” error in the Update Now option
  • When selecting the “Need your review” ribbon, all appropriate transactions will display regardless of the initial filter
  • Add-on applications that use the QuickBooks SDK can now enter up to 400 “Ship to” addresses

QuickBooks Enterprise:

  • Corrects the help links for landed cost
  • Resolves an issue that prevents the printing of more than 10 picklists

Other Updates

  • This release has been updated to comply with new Gmail requirements
  • This release is now compatible with Microsoft Office 2019
  • Automated payment reminders can now be combined into a single email for customers who also use QuickBooks Payments
  • QuickBooks Desktop payroll:
    • Users now have easy access to activating payment services
    • Employers can now invite employees to “self setup” via a secure website

QuickBooks Capital

This release also provides the ability to link your QuickBooks Desktop company file with QuickBooks Capital. I’m not going to provide a detailed evaluation of QuickBooks Capital itself. It isn’t something that I’ll use for my business, so I won’t have any experience with it.

In short, this is a way to get financing for a small business right through your QuickBooks program. This has been available through QuickBooks Online for awhile now, and it was recently added to QuickBooks 2018 R13.

Intuit will look at a number of factors in determining if you qualify for financing:

  • The number of years you have been in business (usually they want 2 years minimum).
  • How much revenue your business generates (usually they are looking for a minimum of $75,000)
  • Your personal credit history.
  • In addition, you will be giving them access to your QuickBooks database, so they can see details about your business. I don’t know exactly what details they will see.

Here are a few links for information about this feature. Note that some may say that this is only found in QuickBooks Online, as the desktop integration is very new:

None of these links are to a truly independent review.

I have to say that I’m concerned about providing the detailed kind of access to your QuickBooks database that might be a part of this. It is something that should be investigated, and thought about. When this was a part of QuickBooks Online (QBO) I wasn’t quite so concerned, because heck, if you use QBO, Intuit has all your data anyways. Access to QuickBooks desktop data is something else – many people like the desktop product exactly because Intuit does NOT have access to it normally. However, this program can be a very fast way to get financing. You may get your answer immediately!

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Category: QuickBooks 2020

About the Author (Author Profile)

Charlie Russell is the founder of CCRSoftware. He’s been involved with the small business software industry since the mid 70’s, focusing on inventory and accounting software for small businesses. Charlie is a Certified Advanced QuickBooks ProAdvisor. Look for Charlie’s articles in the Accountex Report blog, as well as his California Wildflower Hikes blog.

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