At Intuit, we’re fuelled by an unrelenting drive to power our customers’ prosperity, no matter what stage of business growth they’re in. That's why we’re excited to announce the arrival of QuickBooks Online Advanced in Australia.
As the newest addition to the QuickBooks Online family, QuickBooks Online Advanced is a powerful business management tool tailor made to meet the needs of growing businesses. Using QuickBooks Online Advanced you can:
Boost productivity with automation
Automate key accounting tasks and workflows to free up time for more impactful work.
Access intelligent, customisable insights
Track performance at a glance and get deeper insights with customisable dashboards and reports.
Feel confident, secure and in control
Rest easy with automatic data backup, and custom roles and permissions for each user.
You can learn more about QuickBooks Online Advanced at the website.
If you manage multiple QuickBooks Online or QuickBooks Online Accountant subscriptions, did you know you can pin your most popular subscriptions to the top of the list? When logging in, once presented with your list of subscriptions, simply click on the three dots to the right of the business name and select Pin to Top. You can also Hide subscriptions using the same process.
QuickBooks Online Accountant
To streamline your document storage and retrieval in the Prep for Taxes area in QuickBooks Online, we’re merging the Documents and Review & adjust tabs. This means from mid-March, any documents stored under the Accounts folder in the Documents tab will be automatically relocated to the relevant accounts in the Review & adjust tab. Consequently, the Documents tab will be removed.
Importantly, if you have saved any documents in the General folder at the top of the Prep for Taxes screen (see below), these will need to be downloaded and stored securely prior to 15 March as these documents won’t be relocated.
You can now choose the cash basis accounting method when importing financial statements from QuickBooks. Simply select the Cash option from the dropdown menu in the Accounting method field when importing data from QuickBooks or Xero.
The latest Statement of Cash Flows - Indirect Method is now included in all QuickBooks Tax financial reports. You can reference the report by clicking on the Statement of Cash Flows - Indirect Method on the left hand pane.
The team at LodgeiT have added a financial report template for non-profit organisations. This report is part of the Advanced Report pack - which includes a range of reports - so is available to purchase You can review the template here. And as a beta version, should you have any feedback, please contact the team at support@lodgeit.net.au
The Income Tax Return Estimate now includes an Overseas Levy section for 2020 returns onwards.
You can now input decimal quantities in the Shares module which makes managing cryptocurrencies more streamlined and accurate.
Manual fields in financial reports can now reference notes, and you can modify client signature text.
When adding a new relationship in QuickBooks Tax, you can now select multiple relationship types.
Save more time preparing returns with prefill options for professional and primary averaging income, as well as annuities on Income Tax Returns.
The Quick view client details screen has been updated to outline the taxpayers age.
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