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Intuit QuickBooks UK 2010 Premier Accountant Edition Review

Intuit QuickBooks UK 2010 Premier Accountant Edition is a software package designed for accounting professionals who work with small and medium-sized businesses. It offers a range of features and tools that can help accountants manage their clients' books, prepare financial reports, and perform various tasks related to accounting and bookkeeping. In this article, we will review some of the main features and benefits of this software, as well as some of the drawbacks and limitations.

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Features and Benefits

Intuit QuickBooks UK 2010 Premier Accountant Edition has several features and benefits that make it a useful and powerful software for accountants. Some of these are:

• Accountant's Copy: This feature allows accountants to receive, adjust, and return prior period accounting records from their clients who use QuickBooks 2009 or 2010 editions. The accountant can work on the prior period set by the client, while the client can continue working on the current period. The accountant can make changes to almost all transactions, accounts, items, and classes, as well as set up 1099 account mapping. The client can then review and merge the accountant's changes into their ongoing QuickBooks file. This feature facilitates the exchange and collaboration between accountants and their clients, and reduces the risk of errors and conflicts.

• Client Data Review: This feature allows accountants to review and correct their clients' data in a quick and efficient way. The accountant can access a list of common errors and issues that may affect the accuracy and completeness of the data, such as incorrect opening balances, unapplied payments, undeposited funds, duplicate transactions, etc. The accountant can then fix these issues directly from the list, or use the tools provided to resolve them. This feature helps accountants to ensure that their clients' data is clean and reliable, and saves them time and effort.

• Toggle Feature: This feature allows accountants to switch between different editions of QuickBooks within the same software. The accountant can toggle between SimpleStart, Pro, Premier, and Enterprise Solutions editions, depending on the needs and preferences of their clients. The accountant can also view and edit the data as it would appear in each edition. This feature gives accountants more flexibility and compatibility when working with different clients who use different versions of QuickBooks.

• Working Trial Balance: This feature allows accountants to prepare a working trial balance within QuickBooks. The accountant can import trial balance data from Excel or other sources, or use the data from the QuickBooks file. The accountant can then adjust journal entries, add notes, attach documents, and generate reports from the working trial balance. This feature helps accountants to streamline their workflow and documentation when preparing financial statements.

• Financial Reporting: This feature allows accountants to create and customize financial reports for their clients within QuickBooks. The accountant can choose from a variety of templates and formats, or create their own reports using the report designer tool. The accountant can also export reports to Excel or PDF, or email them directly to their clients. This feature helps accountants to provide professional and comprehensive financial reports to their clients.

• Fixed Asset Manager: This feature allows accountants to manage their clients' fixed assets within QuickBooks. The accountant can enter asset details, such as purchase date, cost, depreciation method, etc., or import them from Excel or other sources. The accountant can then track asset values, calculate depreciation, generate reports, and create journal entries for tax purposes. This feature helps accountants to handle their clients' fixed asset accounting with ease and accuracy.

Drawbacks and Limitations

Intuit QuickBooks UK 2010 Premier Accountant Edition also has some drawbacks and limitations that may affect its performance and suitability for some accountants. Some of these are:

• Outdated Version: Intuit QuickBooks UK 2010 Premier Accountant Edition is an outdated version of the software that is no longer supported by Intuit. This means that the software may not be compatible with newer operating systems, devices, or applications. It also means that the software may not have the latest features, updates, or security patches that are available in newer versions of QuickBooks. This may affect the functionality and reliability of the software, and expose it to potential risks and errors.

• Payroll and VAT Issues: Intuit QuickBooks UK 2010 Premier Accountant Edition does not include payroll or VAT features as part of the software package. These features are sold separately as add-ons that require additional fees and subscriptions. This may increase the cost and complexity of using the software for accountants who need to handle payroll and VAT for their clients. It may also limit the integration and synchronization of these features with the rest of the software.

• Limited Customization: Intuit QuickBooks UK 2010 Premier Accountant Edition has limited customization options for some of its features and tools. For example, the accountant cannot create custom fields, forms, or reports within the software. The accountant also cannot modify or merge some of the lists, such as customer and vendor lists. This may restrict the accountant's ability to tailor the software to their specific needs and preferences.

Conclusion

Intuit QuickBooks UK 2010 Premier Accountant Edition is a software package that offers a range of features and tools for accounting professionals who work with small and medium-sized businesses. It can help accountants manage their clients' books, prepare financial reports, and perform various tasks related to accounting and bookkeeping. However, it also has some drawbacks and limitations that may affect its performance and suitability for some accountants. Therefore, accountants who are interested in using this software should weigh the pros and cons carefully before making a decision.