Intuit has rolled-out another Holiday update to QuickBooks update, this one to Desktop 2020 packed full of goodies to fill your stocking over the holiday weekend.
Be aware, if you have automatic updates turned on, QuickBooks will be prompting you to install the download in the near future. That means if you don’t want to install it, then you need to turn-off auto-updates now.
Release 12 (R16) – December 2022
The changes, improvements and fixes elaborated below were included in this release for all of the QuickBooks Desktop 2020 Products including QuickBooks Accountant and QuickBooks Enterprise v20.0.
They decided to play catch-up with this product version since it had not had some of the updates that later versions had seen in November.
Please remember that in addition to the various updates listed below, this new update also includes all the changes, enhancements and fixes from earlier updates.
1099 Changes
- Changes the year placement on the new 1099 NEC and Misc forms.
- Added changes to FATCA filing box number and the subsequent box numbers on the new 1099 MISC form as per IRS requirements.
Monday Transmission License (MTL) Payments Compliance
- Payment Receipts generated after Online Payment Processing are now MTL compliant. Receipts now display MTL specific fields and disclosures such as Payment Amount, Total Amount, Date of Transaction, Payment Method and Auth Code.
Migrate from QuickBooks Desktop to QuickBooks Online
Web Connector
- Patch support available for Web Connector 3.0 providing better management for request time out scenarios.
SDK Problem Fixes
- Fixed issues with SDK version 15 schema in support of QuickBooks Desktop 2020 along with new tags put in place in both SDK 15 and 16.
Should You Update?
This is always a question, but with the winter weather approaching and Holidays upon us, I wanted to get this release information out to you even though our ‘presses are closed’.
As such, I haven’t given this release a test run. So, you are on your own if you go ahead and download and install it.
I don’t see anything in these updates that won’t wait until the new year, when you obviously will need the 1099 changes included in this release.
Of course, if you’ve been having problems with your application not connecting to QuickBooks via Web Connector, or you can’t use your application because of SDK integration issues with QuickBooks, then that’s an entirely different matter. Just be aware however, even if you update, you may still be required to wait for your ‘application’ developer to adjust to the changes to the Web Connector or SDK before your application will work with this QuickBooks update.
If you aren’t in a rush and you decide to hold off while perhaps others test things out and report any issues they experience, then you may want to make certain that ‘Auto-updates’ have been turned-off inside QuickBooks until you are ready to proceed with this update.
If you do proceed with updating to Release 16, let us know if you experience issue by posting comments to this article.
