SPFRs Now Available in Intuit QuickBooks Online
Now that you know why SPFRs are special, Intuit has released a special new development in Intuit QuickBooks Online.
SPFRs can now be generated straight out of Intuit QuickBooks Online. This is potentially a huge time-saver for most accountants.
Previously, accountants would need to journal information out of Intuit QuickBooks Online and into a separate standalone ledger program to generate SPFRs. This data transposition is a poor use of a staff member’s time. With SPFRs now being generated straight out of Intuit QuickBooks Online, it will save accountants an average of one hour per client in data transposition.
This will mean that SPFRs can be prepared more efficiently, resulting in happier staff. This additional time saved can now be spent in assisting the client in a more meaningful way, which in turn will lead to happier clients.