Icon Quick Books Premier Edition 2005 Icon
Plus! New Simple Start 2005 Edition

By Dale Farris, Vice-President
Golden Triangle PC Club

February 2005

QuickBooks 2005 has the tools you need to manage your business finances faster, with complete confidence. And now Intuit has streamlined many features you use most.

The new QuickBooks Premier 2005 edition includes all the features of Basic and Pro 2005, plus business planning tools to help you meet more specialized needs.

With this latest 2005 edition, Intuit solidly establishes their lead in this specialized market of software for small to medium sized businesses. QuickBooks 2005 is the premier financial software for small businesses, and anyone already familiar with Intuit's famous Quicken software for use in managing personal finances will definitely want to give serious attention to QuickBooks 2005, especially if they need software to help them manage their businesses.

Intuit now offers an extensive family of QuickBooks 2005 software, listed below, all of which will provide solid help to anyone looking to get their business finances in order.

Key Features

Gain Insight Into Your Business

Create a forecast automatically

Chart a successful future. Click a button to create a forecast of income and expenses for the year ahead, based on your existing QuickBooks data. Increase or decrease line items by any percentage to see "what if?" Later, compare your forecast to your actual results to see what worked and what didn't.

Create a budget with one click

With just a few clicks QuickBooks builds a working budget based on your recent spending history. Adjust the figures individually or across line items. The spreadsheet-style format makes it easy to see the results of your changes.

IMPROVED! Create a business plan painlessly

Build a professional, accurate business plan more easily than ever. Answer simple step-by-step questions. QuickBooks draws from your actual QuickBooks data and fills in the numbers for you. QuickBooks creates a 3-year-projected pro-forma balance sheet, profit-and-loss statement and statement of cash flow, as required by the SBA and many other lenders. New this year, you can publish you plan in PDF format for easy distribution, plus export financial projections to Microsoft Excel for increased flexibility.

IMPROVED! See how you stack up against your industry

Learn how your business is performing compared to similar-sized companies in your industry. The built-in Expert Analysis tool includes recently updated data for more than 130 industries. You'll get a printable report that explains the findings in everyday English and offers customized recommendations for improvement from business experts.

Satisfy Complex Business Needs

Turn estimates or sales orders into purchase orders

Turn any estimate or sales order into a purchase order in just a few clicks. No need to retype line items or even vendor information — QuickBooks fills it in for you. Just edit quantities, if needed, and print... or turn the PO into a PDF and e-mail it right from QuickBooks!

Track inventory assemblies and finished goods

Track both your raw materials and finished goods automatically as you log sales and finish work orders. List raw materials in QuickBooks as line items. Combine them to create "finished good" items. With each sale or completed work order, QuickBooks adjusts inventory figures of both your materials and assemblies automatically. Instantly see how many assemblies you can build with your current stock. Set alerts to remind you when to produce more assemblies and when to reorder materials.

Apply up to 100 pricing levels per customer or item

Set up to 100 levels of pricing discounts and link them to customers or individual items. For example, you might apply a "High-Volume Customer" discount of 10% to your best customers and a "Closeout" discount of 5% to discontinued inventory items. Set another level that reduces the price of selected items by a flat amount. QuickBooks automatically applies the correct discounts to invoices.

Access your QuickBooks data remotely

Work on your QuickBooks file from a different location with QuickBooks Remote Access powered by WebEx. All you need is a PC with a Web browser and a persistent connection to the Internet. Log in through the secure Remote Access Web site and work just as if you were at the office. Look up transactions, create reports for printing on a local printer, update customer information, and more. Your transmissions are protected by the same encryption technology used by financial institutions for Internet transactions.

QuickBooks: Premier is an excellent choice for any business. It's also available in special editions customized for contractors, accountants, manufacturers, wholesalers, retailers, nonprofit organizations and professional services providers. The custom editions include all the standard Premier features, plus industry-specific features and reports designed to support the way you work.

Not sure whether a customized package is right for you? No problem. The Premier CD lets you install any one of the 7 standard or industry specific editions. Preview the features of each edition in onscreen videos, then select your preferred edition for installation.

Zip Through Routine Tasks and Taxes

IMPROVED! Merge QuickBooks data with Microsoft Word documents

Build a bigger presence with customers, prospects, suppliers or employees. Create professional, personalized, batch mailings in minutes! Select any group of customers, vendors or employees in QuickBooks. Merge their names, addresses — even invoice details — into letters and envelopes created with Microsoft Word. Produce personalized invitations to sales events, collection letters, newsletters, and more.

Pay bills, print checks and track expenses faster

Track your business expenses automatically. Record bills as they arrive — QuickBooks alerts you when they're due. Click a button to turn a bill entry into a check. Print one-at-a-time or in batches.

Invoice customers, apply payments, calculate sales tax

Easily create an invoice and apply received payments or credits to one invoice or several. QuickBooks tracks sales tax and non-taxable sales automatically and helps you fill out sales tax forms correctly.

IMPROVED! Choose the right report every time

Find the right report faster. The new, scrollable Report Navigator displays a detailed description and sample of each report to help ensure that the first report you choose is the right one.

Track employee time and job costs

Track employee hours and other job expenses, and see where you're making or losing money. QuickBooks tracks job costs automatically as you pay job-related bills and labor. Enter employee hours by day or week. QuickBooks sends totals directly to paychecks and job-costing reports to help you make better business decisions.

IMPROVED! Offer the convenience of Direct Deposit

Save yourself the trouble of printing paychecks, and save your employees a trip to the bank! Direct Deposit lets you deposit employees' pay directly into their bank account(s). QuickBooks built-in payroll features work together with a variety of QuickBooks Payroll Services, updated with state forms and workers compensation tracking to help ensure accurate deductions, manage your payroll tax payments and more.

Get ready for taxes or your accountant instantly

QuickBooks tracks your income, expenses, sales tax and payroll while you record transactions. So you're ready for taxes anytime. Let your accountant work directly in a copy of your QuickBooks file. Or generate any needed reports and e-mail them as PDF files.

Find key information about customer and vendor accounts instantly

Get instant, accurate answers about customer and vendor payment status, open orders or POs, and more. QuickBooks Information Centers display a snapshot of contact information and account activity for any customer, vendor, even your own company. See recent invoices, payments and purchase orders at a glance. Zoom in for details with a mouse-click.

Get More Done in Less Time

Give access to as many as 5 users at once

Need company-wide access to your QuickBooks file? Buy additional QuickBooks licenses as your business grows. QuickBooks can serve up to 5 users simultaneously. Or, if you're growing fast, save a bundle on the 5-User Value Pack. You decide which types of data each user can view or edit — you're in control.

Transfer data to and from Microsoft Excel

Export your QuickBooks data to new or existing Excel spreadsheets. No retyping! Excel automatically applies existing formulas to the new data. Use the export feature to quickly make global changes, such as updating telephone area codes, then import the data back into QuickBooks. Efficiently add groups of new vendors or customers to QuickBooks by importing them in one easy step.

NEW! Print labels and schedule pickups for UPS, as well as FedEx

Ship faster with fewer errors. QuickBooks Shipping Manager uses the customer address information on your sales receipts or invoices to pre-fill FedEx and UPS shipping labels, complete with tracking numbers and bar codes. You can even schedule pickups and track shipments — directly from QuickBooks.

Share data with more than 325 business applications

Tired of typing the same names and figures into different applications? No more! QuickBooks automatically shares data with over 325 popular applications, including specialized applications. You'll save data entry time and errors while taking advantage of the best tools available for your industry (applications sold separately).

Customize Forms, Pricing and More

Choose from 100+ professional, customizable forms

Need custom forms? Choose from more than 100 pre-designed, professional-looking forms in QuickBooks. Customize them to look and work just the way you want. Add tinted boxes, round-cornered boxes, your logo and other images. Add "boilerplate" text, such as terms and conditions. Add boxes for news, such as policy changes or sales events and more.

IMPROVED! Apply payments, over/underpayments, credits and refunds

Now you can easily apply a wider variety of payment types, such as write-offs and refunds, and credits from credit memos or invoices. Onscreen reminders help to ensure that overpayments, underpayments discounts and credits are handled correctly.

Click here to enlarge

IMPROVED! Download bank and credit card transactions without typing

Download transactions from more than 500 financial institutions right into QuickBooks. No errors. No typing. Now you can enter downloaded transactions in as little as one click. Associate downloaded payees to existing names in your QuickBooks lists and QuickBooks standardizes the downloaded entries, helping to ensure "clean" lists and accurate reports.

Get Help When You Need It

IMPROVED! Find the right answers to your help questions

Got a question about QuickBooks? Type it in your own words. Scan through a new list of Help topics. Or search by keyword. No matter how you search, QuickBooks now delivers more relevant results so you can get back to your work faster.

NEW! Learn how to get the most out of QuickBooks

Boost your confidence with QuickBooks and help maximize your productivity. New built-in Learning Center tutorials show you, step-by-step, how to put more QuickBooks features to work for your business. Find out how to streamline everyday jobs like invoicing, paying bills, creating meaningful reports and more.

What's New in QuickBooks Premier 2005?

Zip Through Daily Tasks

Find the right reports faster

Integrates with QuickBooks payroll with federal and new state form updates, & offers direct deposit

"Undo" reconciliations with one click

E-mail invoices, purchase orders, and reports as PDF files

Use Learning Tools to get more from QuickBooks

Find Help When You Need It

Search for help by topic, keyword or question. Get more relevant answers

Use New Business Checklist for business requirements, resources and forms

Set up automatic backups of your QuickBooks file

Get More Done in Less Time

Manage payments more quickly, including overpayments, underpayments, credits and refunds

Download transactions from over 500 institutions more efficiently

More easily create letters and now envelopes in Microsoft Word

Exchange data with Microsoft Excel, including existing spreadsheets

Process shipments and print shipping labels for UPS, in addition to FedEx

Customize Forms, Prices and Printing

Customize and choose from over 100 pre-designed forms templates

Set price levels per item

Include more details on invoices and statements

Track Information in Greater Detail

Track vehicle mileage and expenses

Manage all your business loans in one place

Track fixed assets for tax purposes

Automatically create a budget

Automatically project cash flow

Gain Greater Insight Into Your Business

Automatically create a forecast

More easily create a customized a business plan and save it as a PDF file

Expert Analysis Tool to Compare your business against Industry Standards

Get the Specialized Tools You Need

Track inventory assemblies and finished goods

Generate purchase orders from sales orders or estimates

QuickBooks Family

The QuickBooks family now consists of:

QuickBooks Simple Start 2005 - $99.95
QuickBooks Basic 2005 - $199.95
QuickBooks Pro 2005 - $299.95
QuickBooks Premier 2005 - $499.95
QuickBooks Enterprise Solutions 2005 - $3,500 for up to 10 users
QuickBooks Pro 2005 for the Mac - $299.95

QuickBooks Simple Start Edition 2005

New to the 2005 family of super QuickBooks editions is the neat Simple Start edition that is designed for small business owners wishing to quickly make the most of their QuickBooks software.

Product Overview

Organize your business finances in 30 minutes!

QuickBooks Simple Start is the simplest way to manage sales, expenses and customers.

Simple Start is for first-time QuickBooks users only and cannot use information from QuickBooks 2004 versions or earlier.

Key Features and Benefits

Track money in, money out. Nothing falls through the cracks, and you can find everything instantly.

Create estimates, invoices and sales receipts. Simple Start automatically fills in frequently used names and addresses for you, helping to reduce typos and saving time.

Write checks, pay bills, record expenses. Work with everyday, familiar forms — like checks that look just like paper checks.

Track customer payments. Payments are automatically applied against specific invoices.

Report tax totals instantly. No more tax-time scrambles. QuickBooks does all the math.

Run business reports such as Profit & Loss and Unpaid Invoices to see where you stand.

Start working immediately. Know how to use Simple Start the moment you launch it — it's that easy!

Keep it simple. Get just what you need, just when you need it. No information overload.

Get answers. Learn from excellent two-minute tutorials, get onscreen Help, and get 30 days of support.

Work with familiar, everyday forms. No bookkeeping or accounting knowledge needed!

Track the right information, just the way accountants want it. It's real business accounting simplified!

Create business reports with one click. See where you stand instantly.

Work smarter. Get helpful tips for managing your business and taxes.

Recommendation

About a dozen years ago, Intuit made a lot of overtaxed Quicken business users very happy by introducing QuickBooks, the first approachable small-business accounting package on the market. The products in this growing family have evolved tremendously since then. QuickBooks Premier Edition 2005 further solidifies the program's dominance. Its most significant modifications this year are in payroll functions, but reports, analysis, program help, and processing of downloaded and local transactions are also improved.

Generally speaking, all QuickBooks editions (Simple Start, Basic, Pro, and Premier) are appropriate for small to mid-sized companies with 1 to 20 employees. The Premier edition includes more sophisticated features, such as multi-company consolidation, an enhanced audit trail, and more sophisticated administrative functions. Among Intuit's multiple QuickBooks editions, the Premier edition is right for businesses that need more sophisticated inventory tracking (manufacturers and wholesalers), more automated purchase and sales order generation, and better business planning and analysis.

New users can import existing data from their Quicken account, or bring in CSV or Microsoft Excel files. A wizard makes the setup process easy. In this and every other step, you are assisted by an enhanced support system that includes clear instructions in voluminous, improved help files and many new interactive video tutorials.

The bookkeeping areas (Company, Customers, Employees, and so on) have their own "navigator," a one-page overview that illustrates the workflow and provides links to related records, forms, tasks, and premium (extra cost) services. This navigational approach is extremely effective. With the exception of item-tracking, prebuilt but customizable data records allow for tremendous detail. Links from record-list views provide quick access to daily activities, including forms entry. Documents such as invoices and purchase orders are highly customizable, as are ancillary screens for tasks like assessing finance charges and printing packing slips. Links on forms take you to associated chores, from incorporating time and costs to—new this year—integrated shipping with both UPS and Federal Express. Online banking is also available from more than 500 financial institutions.

An improved Report Navigator builds on QuickBooks Premier's already robust, flexible stable of reports, regrouping them and better explaining their functions. The 2005 version also contains a revamped Expert Analysis Tool, which analyzes your company's performance in areas like profits and liquidity and compares it to industry peers. Other forecasting aids and a business-plan-creation tool help in preparing for the future.

The Enhanced Payroll Plus service ($499 per year for Premier users, with annual QuickBooks upgrades included) adds welcome streamlining to in-house payroll processing, with features like automatic completion and updating of state tax forms, as well as net-to-gross calculations for both bonuses and workers' compensation reporting. Other program attributes beef up this release, like simpler refund and write-off processing and improved integration with Microsoft Office applications.

QuickBooks Premier 2005 is a solid upgrade and clearly the top-of-the-line small-business accounting product, both in style and substance.

Prices

$499.95 Retail - Single User
$379.95 Upgrade

$1,499.95 Retail - 5-User
$1,349.95 Upgrade

Minimum System Configuration Requirements

P-II 500MHz or equivalent processor
Windows 98 SE, 2000, XP
256MB RAM
450MB free hard space
IE 6 required (IE 6 provided on CD - Requires an additional 70MB disk space)
Microsoft .NET Framework CLR 1.1 (Provided on CD - Requires an additional 23MB hard disk space)
At least 256 color SVGA video - 800 x 600 resolution with small fonts
2x CD-ROM

All online features/services require Internet access with at least a 56 Kbps modem

Readers with older, slower machines will probably want to first upgrade their hardware, before they attempt to run the 2005 editions of QuickBooks. Intuit developers have obviously decided to take advantage of today's faster, higher end machines, which is in keeping with what many software developers are now doing. With the proliferation of faster machines at such reasonable prices, it is understandable why developers think they can take advantage of these hardware advances, since "most" of the market probably has either upgraded their older machines, or have purchased newer machines.

This does not of course encompass ALL computer owners, as not ALL computer owners can afford newer machines about every 2-3 years. So, if you are interested in taking advantage of the many super new features in the 2005 editions of QuickBooks, just be sure you load the program on as fast a machine as you can afford, with as much RAM as you can afford.

Integration / Compatibility Requirements

Word and Excel integration requires MS Word and Excel 2000, 2002 or 2003

Outlook synchronization requires Outlook 98, 2000

ACT! synchronization requires Symantec Act 3.08, 4.02 or 2000

Compatible with QuickBooks Customer Manager v. 1 and v. 2 & QuickBooks Client manager v. 1 and v. 2

Compatible with QuickBooks Point-of-Sale v. 4

Business Planner functionality requires Adobe Acrobat 5 or 6

Multi-User

Multi-user mode is optimized for Windows 2000 Server or Windows Server 2003 client-server networks, and Windows 98 SE, 2000, XP peer-to-peer networks.

Novell NetWare is supported but not recommended.

About Intuit, Inc.

Intuit, Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers, and accounting professionals. Its flagship products and services, including QuickBooks, Quicken, and TurboTax software simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries and Lacerte are Intuit's leading tax preparation software for professional accountants.

Founded in 1983, Intuit had annual revenue of more than $1.6 billion in its fiscal year 2003. The company has nearly 7,000 employees with major offices in 13 states across the U.S. and offices in Canada and the United Kingdom.

Contact

Intuit, Inc.
2632 Marine Way
Mountain View, California 94043
1-650-944-6000
www.intuit.com
www.quickbooks.com