QuickBooks Multi-Currency

You are about to turn on the multi currency feature in QuickBooks. But before you do that, these are important considerations:

1. Once you turn on multiple currencies, you can't turn it off.
2. If you haven't backed up your company file recently, we recommend that you ckick No and create a backup before turning on multiple currencies.
3. You won't be able to use Insights, Income Tracker, Bill Tracker, Create Batch Invoices or Batch Delete / Void Transactions.
4. You won't be able to select multiple customers in the Invoices for Time and Expenses window.
5. You won't be able to exchange information with QuickBooks Mac or copy your company file to work with it.
6. Online payment of invoices doesn't work with multiple currencies.

Problem with Multi-Currency

I had a client with 3 companies in different countries but the same line of business so they used the same chart of accounts and items list. I was thinking of setting up one file then just copy and rename the next two so that it will be faster. For the first company based in the Philippines, I turned on the multi currency feature and Philippine peso as the home currency. After completely setting up the first file, I'm now ready to copy and rename the file for the next two companies based in Australia and New Zealand. But when I tried to change the home currency, it wouldn't let me. Now I know that once a home currency is set, it is irreversible. So I ended up creating the other two companies from scratch and just imported the chart of accounts and items list thru IIF. 

QuickBooks 2016 System Requirements

Operating systems supported

Operating systems supported:

o    Windows 8.1, all editions including 64-bit, natively installed 

o    Windows 7, all editions including 64-bit, natively installed 

o    Windows Vista (SP2 or later), all editions including 64-bit, natively installed 

o    Windows Server 2012, Windows Small Business Server 2011, Small Business Server 2008

o    Windows Server 2008 R2, Windows Server 2008, and Windows Server 2003 (SP2)*,including 64-bit, natively installed

Database Servers:

o    Windows: natively installed & Windows 8, Windows 7 or Vista (SP2) with UAC on, Windows Server 2011, Windows Server 2008 R2, Windows Server 2008, Windows Server 2008 - Terminal Server Config., Windows Server 2003 (SP2)*, and Windows Small Business Server 2008

Note: Windows Home Server Edition is not supported.
 

o    Linux: When using QBES Database Server-only installation – OpenSuse 13.1, Fedora 20, Red Hat 6.5
 

Note: Natively installed means it was installed on a particular system or environment that it was designed for. This also means that it doesn't need to run in a virtual environment or emulation software.

Hardware and operating system requirements (client and server)

·         2.4 GHz processor minimum

·         4 GB RAM minimum, 8GB RAM Recommended

·         Server RAM Requirements:  

·         0-5 Users:     8GB RAM

·         10+ Users:  12GB RAM

·         15+ Users:  16GB RAM

·         20+ Users   20+GB RAM

·         4x CD-ROM drive required for CD installations

·         Display optimized for 1024 x 768 screen resolution or higher with up to 2 Extended monitors

·         Best optimized for Default DPI setting (96 DPI or 100%). Additionally, medium DPI (120 DPI or 110%) is supported to ensure an optimal experience for 110% scaling.

·         Internet access is required

·         Windows:

o    U.S. version

o    Regional Settings are supported when set to English (United States) with keyboard setting to U.S. only

o    Administrator Rights required for the server computer when hosting Multi User Access

o    Natively installed
Note: Natively installed means it was installed on a particular system or environment that it was designed for. This also means that it doesn't need to run in a virtual environment or emulation software. 

·         Disk space requirements:

o    2.5 GB of disk space (additional space required for data files)

o    Additional software: 250 MB for Microsoft .NET 4.0 Runtime, provided on the QuickBooks CD

o    Additional requirements  for Intuit Data Protect in QuickBooks Connected Services offerings

·         Require minimum 2.0 GB Ram

·         Twice the size of the largest File set to back up + 100MB or twice the size to restore. The space is only required from the work folder LocalApplicationData+”Intuit\Intuit Data Protect"

Software compatibility

QuickBooks is capable of integrating with hundreds of third-party applications. The following integrations are provided with QuickBooks; additional RAM will enhance the use of these features. See Intuit Marketplace for the most up-to-date list.

·         Microsoft Office:

o    Office 2010 and Office 2013/365 (including Outlook 2010 and Outlook 2013) both on 32 and 64 bit.  (Note:  Office 365 is only supported when it is locally installed, not the web version.)

o    Preparing letters requires Microsoft Word 2013, 2010, or 2007 (32 bit)

o    Exporting reports requires Microsoft Excel 2013, 2010, or 2007.

o    Contact Synchronization with Microsoft Outlook requires Outlook 2013, 2010, or 2007.

o    Synchronization with Outlook requires QuickBooks Contact Sync for Outlook (the download is available at no charge).
Contact Sync does not work with the Microsoft Business Contact Manager Outlook plug-in. If a sync is performed, duplicate records could result  

·         QuickBooks Point of Sale 2014 (V12.0), V11.0 , V10.0

·         Adobe Acrobat Reader: Business Planner functionality and viewing forms requires Adobe Acrobat Reader 5.0 or later.

·         Payroll and other online features and services require Internet access with at least a 56 Kbps connection speed (DSL or cable modem recommended).

·         TurboTax 2016 and 2014 (Personal and Business)

·         Lacerte 2016 and 2014.

·         Pro-Series tax years 2016 and 2014.

·         QuickBooks for Mac 2016.

·         Gmail, Yahoo Email, Windows Mail, Hotmail and AOL.

·         Internet Explorer 11, 10, and 9.

Firewall and antivirus software compatibility

QuickBooks Pro/Premier 2016 and Enterprise 16.0 have been tested with the following firewall and antivirus products.

Note: In some cases, it may be necessary to adjust settings in these products to ensure the best possible performance with QuickBooks.

·         Windows Server Firewall (all editions)

·         Windows 8 and 8.1 Firewall (all editions)

·         Windows 7 Firewall (all editions)

·         Windows Vista Firewall (all editions)

·         Microsoft Security Essentials

·         Avast

·         Windows Defender

·         AVG

·         Symantec

·         ESET

·         Avira

·         Kaspersky

·         McAfee

·         Bitdefender

·         Norton

Note: QuickBooks will work with systems running RAID (Redundant Array of Inexpensive Disks) but this is not recommended because performance issues may cause QuickBooks to operate slowly.

QuickBooks Pro

· Maximum of 3 users
· For up and running businesses
· Sample company files to play with
· Track sales, accounts receivables, taxes & customer payments
· Track expenses, accounts payable & vendor payments
· Import data from excel, Quicken, Microsoft, Office Accounting & prior QB versions
· Batch Invoicing

· Multi currency

· Bank reconciliation

· Company Snapshot

· Lead Center

· Journal Entries

· Customizable business templates

· Easy access reporting (export to excel, print or email)

· Track & manage inventory & create purchase orders

· Set and manage inventory reorder points

For any questions, email us at albqbsolutions@gmail.com

QuickBooks Premier Accountant

QuickBooks Premier Accountant includes all the features of QuickBooks Pro and Premier plus the following functionalities:

• Maximum of 5 users
• Audit a company file while client is also working on their file
• Clear up undeposited funds account
• Ability to open two company files at the same time
• Intuit Statement Writer
• Batch Enter Transactions

• Client Data review

 

•  Fixed Asset Manager

• Fix incorrectly recorded taxes

 

• Fix unapplied customer payments and credits

• Reclassify transactions 

• Working Trial Balance 

• Write off invoice

For any questions, email us at albqbsolutions@gmail.com

QuickBooks Premier

QuickBooks Premier includes all the features of QuickBooks Pro plus the following functionalities:

• Maximum of 5 users
• 150+ Industry Specific Reports
• Track your balance sheet by class such as a location, department, or profit center
• Budgets, Forecasts and Cash Flow Projector

• Create Sales Orders and Estimates, track back orders and generate Purchase Orders from Sales Orders and Estimates

• Build Inventory Assembly and Bills of Materials

• Reversing Journal Entries

• Track time and expenses by employee, project, client, or service

• View customized sales and profitability reports

For any questions, email us at albqbsolutions@gmail.com

QuickBooks Enterprise 2015 System Requirements

Operating systems supported

• Windows 8, all editions including 64-bit, natively installed 
• Windows 7, all editions including 64-bit, natively installed 
• Windows Vista (SP2 or later), all editions including 64-bit, natively installed 
• Windows Server 2012 (Small Business Server/Essentials), Windows Small Business Server 2011, Small Business Server 2008
• Windows Server 2008 R2, Windows Server 2008, and Windows Server 2003 (SP2), including 64-bit, natively installed 

Database Servers:

• Windows:natively installed & Windows 8, Windows 7 (SP1)or Vista with UAC on, Windows Server 2011, Windows Server 2008 R2, Windows Server 2008, Windows Server 2008 - Terminal Server Config., Windows Server 2003 (SP2), Windows Small Business Server 2012, Windows Small Business Server 2011, and Windows Small Business Server 2008
  
  Note: Windows Home Server Edition is not supported.
   
• Linux: When using an Enterprise Solutions Database Server-only installation:natively installed  OpenSUSE 13.1, Fedora 20, Red Hat Enterprise 6.5.

Hardware and operating system requirements (client and server)

• Client:
  • 2.4 GHz processor minimum
  • 2 GB RAM minimum
• Server:
  • 2.4 GHz processor minimum (2.0 GHz for Linux)
  • 2 GB RAM minimum - Server
• 4x CD-ROM drive required for CD installations
• Minimum 1024 x 768 screen resolution or higher with up to 1 Extended monitor
• Windows:
  • U.S. version of Windows only
  • Administrator Rights required for the server computer when hosting Multi User Access
  • Regional Settings are supported when set to English (United States) with keyboard setting to U.S. only
  • Natively installed 
• Minimum network requirements:
  • 100 Mbps network card
  • 100 Mbps switch or router
  • 40 Mbps network bandwidth
• Disk space (client and server):
  • 2.5 GB of disk space (additional space required for data files)
  • Additional software: 250 MB for Microsoft .NET 4 Runtime, provided on the QuickBooks CD
  • Additional requirements  for Intuit Data Protect in QuickBooks Connected Services offerings
    • Require minimum 2.0 GB Ram
    • Twice the size of the largest File set to back up + 100MB or twice the size to restore. The space is only required from the work folder LocalApplicationData+”Intuit\Intuit Data Protect"

RAM requirements for Microsoft Terminal Services

Important: Terminal services is only supported with QuickBooks Enterprise Solutions.

• Terminal Server cannot be communications server, print server or modem server
• Memory Requirements:
  • 5 users: 2-3 GB
  • 10 users: 3-4 GB
  • 15 users: 4-6 GB
  • 20 users: 6-8 GB

Software compatibility

QuickBooks is capable of integrating with hundreds of third-party applications. The following integrations are provided with QuickBooks; additional RAM will enhance the use of these features. See Intuit Marketplace for the most up-to-date list.

• Microsoft Office:
  • Office 2010 and Office 2013/365 (including Outlook 2010 and Outlook 2013) both on 32 and 64 bit.  (Note:  Office 365 is only supported when it is locally installed, not the web version.)
  • Preparing letters requires Microsoft Word 2013, 2010, or 2007.
  • Exporting reports requires Microsoft Excel 2013, 2010, or 2007.
  • Contact Synchronization with Microsoft Outlook requires Outlook 2013, 2010, or 2007.
  • Synchronization with Outlook requires QuickBooks Contact Sync for Outlook(the download is available at no charge). 
    Contact Sync does not work with the Microsoft Business Contact Manager Outlook plug-in. If a sync is performed, duplicate records could result  
• QuickBooks Point of Sale 2014 (V12.0), V11.0 , V10.0
• Adobe Acrobat Reader: Business Planner functionality and viewing forms requires Adobe Acrobat Reader 5.0 or later.
• Payroll and other online features and services requires Internet access with at least a 56 Kbps connection speed (DSL or cable modem recommended).
• TurboTax 2013 and 2014 (Personal and Business)
• Lacerte 2014 and 2013.
• Pro-Series tax years 2014 and 2013.
• QuickBooks for Mac 2015.
• Gmail, Yahoo Email, Windows Mail, Hotmail and AOL.
• Internet Explorer 11, 10, and 9.

Firewall and antivirus software compatibility

QuickBooks Pro 2015 has been tested with the following firewall and antivirus products.

Note: In some cases, it may be necessary to adjust settings in these products to ensure the best possible performance with QuickBooks.

• Windows Server Firewall (all editions)
• Windows 8 and 8.1 Firewall (all editions)
• Windows 7 Firewall (all editions)
• Windows Vista Firewall (all editions)
• Microsoft Security Essentials
• Avast
• Windows Defender
• AVG
• Symantec
• ESET
• Avira
• Kaspersky
• McAfee
• Bitdefender
• Norton

Note: QuickBooks will work with systems running RAID (Redundant Array of Inexpensive Disks) but this is not recommended because performance issues may cause QuickBooks to operate slowly.

Source: https://help.quickbooks.intuit.com/en_MY/kb/system-requirements-quickbooks-2015/INF26865

For any questions, email us at albqbsolutions@gmail.com