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Choose "OK" after you've selected the destination folder for the backup.

This article was written by the It Still Works team, copy edited and fact checked through a multi-point auditing system, in efforts to ensure our readers only receive the best information.

We frequently receive the question, “Should I update Quick Books?

” While you may not need to upgrade every year, it is wise to do so at least every few years as the last few upgrades have brought exceptional new features that vastly improve productivity.

Several settings are available in the Automatic Cost & Price Updates window.

The top dropdown field labeled Markup, gives the Quick Books user two choices. The middle section determines how automatic cost updates will be handled by Quick Books.

In Quick Books Enterprise is a feature that will allow the automatic update of cost and price information within the software.

If the cost of the assembly total bill of materials changes, should Quick Books automatically update the sales price?

Again, a selection in this checkbox indicates that yes, it should.

If you do not automatically change the cost, there is no way to automatically change the price. Quick Books will change this value in the item window when this transaction is completed. A cost of 37.50 times 100% yields a price of 75.00.

Now, if Quick Books updates the new cost to 30.00, in order to maintain the price markup of 100%, the price will be updated to 60.00.

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