It's Big Awesome Savings time
Need help choosing a plan?
Created with Sketch. 1800 917 771 Schedule a call
Need help?
We're here for you.
Schedule call
Created with Sketch.
Image Alt Text

July 2022 Product Update

2022 QuickBooks Tax Release Notes

New tax season is here and we’re excited to announce new product features and updates to help you power through your tax and BAS workload.

ATO Changes

To be aware of the key changes and new measures you’ll need to consider when preparing your client’s 2022 returns, you can see an overview of the key changes by the ATO here.

Tax Forms 2022 are now available

The LodgeiT 2022 Tax forms are now available. All relevant field values including work-related deductions and rental property addresses will roll forward from 2021 returns.

ITR ATO Benchmark

The individual income tax return ATO benchmark is an optional feature for current-year returns only. Based on the client's occupation, it allows you to receive real-time messages for your clients regarding income and deductions that are unexpected.

Messaging for clients is available for the following labels: interest income and dividend income, work-related expenses, cost of managing tax affairs – other expenses incurred, other deductions – other (D15), rental interest, cost of sales and total expenses for sole traders.

The ATO Benchmark became available on 1st July 2022.

Customise SPFR Financials

You can now modify the structure of financials on SPFR. Add, rename, delete, drag & drop, collapse groups and line items to get a look you want.

Additionally, you can duplicate your reports to keep changes for the next reporting period.

QuickBooks Import for BAS Analysers

We’ve enhanced the BAS data import from QuickBooks Online into the GST Trade, Payroll and Pay/Refund analysers to find different facts faster and easier.

Other Improvements
  • You can export all client relationships to CSV and Excel.
  • The integrated account validator now allows summing of any values through a given timeframe by selected type.
  • The lodgment and payment due dates are now included as e-sign template variables.

Grow Your Business with QuickBooks

New All Sales tab (beta version)

The All Sales tab in QuickBooks allows you to review and action your sales transactions. It shows which of your sales are outstanding, which quotes, invoices or sales receipts are ready to be sent to customers, and what payments relate to which paired transaction.

As a vital part of an SMB owner or Advisor’s day-to-day activities, it’s an area we are constantly looking to optimise. The new All Sales tab - currently in beta - represents a substantial improvement. It addresses a laundry list of customer suggestions around usability, formatting and truncated columns, making your day more intuitive. It also delivers back-end performance enhancements, improving load times and giving you more time to do the things you’d rather be doing.

Opting in to the beta version is easy, just head to All Sales and click the “Switch to beta experience” link. There will be no change to your data and you can switch back by clicking the “BETA” button. Check it out and let us know what you think!

Management Reports reordering

We’ve made it easier to arrange your Management Reports with drag-and-drop reordering. Now if your reports are in the wrong order, you can simply drag them up or down to change the hierarchy - easy!

Related Articles

Looking for something else?

Get QuickBooks

Smart features made for your business. We've got you covered.

Help Me Choose

Use our product selector to find the best accounting software for you.

QuickBooks Support

Get help with QuickBooks. Find articles, video tutorials, and more.

Stay up-to-date with the latest small business insights and trends!

Sign up for our quarterly newsletter and receive educational and interesting content straight to your inbox.

Want more? Visit our tools and templates!

By signing up you are agreeing to our terms and privacy policy.

A person is smiling and holding a laptop.