Simplify credit card payments with a new workflow
In a nutshell:
We’ve added a new workflow that simplifies recording paying down a
credit card in QuickBooks Online Accountant and QuickBooks Online.
How it works:
You’ll find this new workflow by hitting the “+New” button and
selecting “Pay down a credit card” under “Other” or from the expense
list under “New transaction” and selecting “Pay down a credit card.”
Get organized and stay compliant with sales tax filing
In a nutshell:
For companies which are currently using our Manual Sales Tax
experience, we’re refreshing the Taxes tab in QuickBooks Online to make
it easier to find the most important information when collecting and
filing sales tax. We’ve also created a list of verified tax agencies to
be matched with your existing tax rates.
How it works:
We ask you to match your current tax rates with tax agencies on our
verified list. It’s never been easier to organize related reports and
simplify sales tax compliance.
Save time with the profit and loss report enhancement
In a nutshell:
We added a column to profit and loss reports in QuickBooks Online
Accountant, so now you only have to run one report to compare current
financials to previous year-to-date.
How it works: To create the profit and loss report you need, just select the new Previous year-to-date comparison period.
Establish and manage your Chase Bank account
In a nutshell:
You can now establish and manage your Chase bank Account connection
with QuickBooks Online. Intuit® has worked with Chase to ensure that
accountants, bookkeepers, and others are now allowed to establish the
connection to Chase through QuickBooks using their own username and
password. Primary account holders have the ability to enable read
capabilities for delegate users like their accountant or bookkeeper.
How it works: Make
sure you are an authorized user on the Chase profile. If not, then work
with the primary Chase account holder to add you as an Authorized User.
Next,
the primary Chase account holder will need to sign onto Chase.com and
follow these simple steps to grant you permission as an Authorized User:
- Click on Account Management
- Click on Access and Security Manager
- Select Edit/Assign access for the Authorized User
- Under Profile-level rights, check the Third Party App Access box
- Select Turn On to establish access for the Authorized User
Once
your access has been established, you should be able to establish a
direct connection to your Chase bank account through QuickBooks Online.
Check out this article to learn more.
Identify opportunities with the Revenue Streams Dashboard report
In a nutshell:
In QuickBooks Online Advanced, quickly visualize revenue trends to see
where you are bringing in the most, allowing you to identify patterns
and opportunities.
How it works: With a number of
customization options including accrual versus cash, defined fiscal
year, date range, and other key variables, you can create the dashboard
that focuses on the revenue streams you care about most.
Take control of your cash with batch expenses
In a nutshell:
Following the release of batch invoicing and batch checks earlier this
year, you now have the opportunity in QuickBooks Online Advanced to
batch expenses. This sub-workflow to accounts payable allows you to
better manage and control your cash flow, and offers faster processing
of checks, expenses, and bills.
Create custom roles for efficient control and security
In a nutshell:
Custom roles is the newest evolution of custom user permissions in
QuickBooks Online Advanced. Now, instead of going into each user and
setting task limitations, you can assign multiple people to a custom
role.
How it works: Create a set of user
permissions to fit certain roles within your company. When new employees
start, you can quickly assign them the permissions of the custom role
instead of going into each individual’s account and selecting all the
appropriate tasks, saving you time and ensuring security.
Increase productivity with automated workflows
In a nutshell:
Focus your attention on more important tasks by automating specific
workflows in QuickBooks Online Advanced. Automation frees up time for
tasks that matter while also reducing errors that can be made with
manual processes, especially as the business grows.
How it works:
Advanced’s Workflows turn your time-consuming manual processes into
automated processes. You can create workflows for things like sending an
email to customers when an invoice is overdue, or set reminders to make
bank deposits, send invoices, and more.
That’s all for now, folks.
Until next time, as always.
