Small Business Solutions

Quickbooks Dividing Date feature | New Features

In the past, there have been “accountant’s copies” of QuickBooks files and “portable data format” copies of QuickBooks files. Each of these were difficult to use and severely limited the type of work an accountant could do with a client file.

There’s a new feature called a “dividing date.” This is NOT like the closing date which restricts a portion of the data file from being changed without a password.

This dividing date is actually what it says. It divides the data file into two parts. The accountant gets to work on the date before the dividing date and the client gets to continue with their current activities by working on data after the dividing date.

The accountant is no longer limited to posting journal entries, but can actually do the work that you want her to, like reconcile your checking account and your credit card statements.

There’s no more worries about sending a backup file and keeping in sync. It’s a simple procedure that just takes a couple of clicks and sends an email to your accountant to notify her that your data file is ready.

After she finishes her work, she sends you an email telling you she’s done and you can retrieve the updated file. Her changes are automatically entered into your file and the work you were doing past the dividing date remains the same.

This new feature will eliminate a lot of hassles and significantly reduce the time it takes for the accountant to do her work. It could significantly reduce your accounting fees as well.