This month, there are a number of new features and improvements for QuickBooks® Online (QBO), designed to improve your productivity and efficiency. Click here if you want to review the changes in October.
Inventory Reorder Points. Chances are your business handles inventory. Every business owner knows that if you are out of stock when a customer wants to buy, you cannot fulfill the order promptly – and you may lose the sale.
Now, QuickBooks has the solution. Our new Inventory Reorder Point feature lets the business set a minimum quantity of a product to keep on hand. Then, when the on-hand quantity is at or below that threshold, QuickBooks reminds you to order more, as well as easily create a purchase order to restock those items.
It’s simple to create a reorder point. Select the inventory item from the Product and Services list screen, or when a new item is added to inventory. Then, based on the expected sales volume and the minimum number wanted on hand , enter the Inventory Reorder Point and QuickBooks does the rest.
We’ve also improved inventory filter options and stock displays, reorder item details, and customization of the physical inventory report. With these new features, you can gain real insights into your inventory levels and cash flow. It takes the worry out of counting inventory. Plus, you’ll have the products available when a customer wants to buy.
Payroll Corrections: Fully-Compliant in Seconds. QuickBooks users asked for a way to correct and void paychecks more quickly and easily … without contacting QuickBooks support. We heard you! Since the release of the paychecks correction/void/delete feature in July 2016, customers have corrected more than 29,000 paychecks automatically.
It takes just seconds to make a paycheck adjustment. Once cross-quarter paychecks are corrected, QuickBooks reminds you to amend tax returns as necessary, ensuring proper reporting to state and federal tax authorities. As a result, you can spend less time on the phone and more time on running your companies.
We encourage you to try this robust new feature by going to the employees tab in QuickBooks and clicking the “Turn on Payroll” button.
Powerful New Capabilities for QuickBooks Mobile Android
If you access QuickBooks through an Android device, we’ve made it easier to connect to your bank, track invoices and keep up with your business:
- Banking Connections. First-time users can simply tap “Connect” to add bank accounts to QuickBooks Mobile (QBM). Once linked to your bank, QBM displays more helpful Profit and Loss information, and makes it easier than ever to reconcile and accept pending transactions.
- Invoice status tracking. You can now see how many invoices are open and which ones are overdue. Just tap on the Invoices card to see details on invoice status to create or edit notes, or to get a customer signature.
- Dashboard insights. See how their business is doing, at a glance. Simply tap a dashboard card to see profit and loss, expenses by category, open and overdue invoices, and current account balances.
For visuals related to each of the following features, click here.
Coming Soon: A New Look and Feel for QBO
Very soon, you will discover a refreshed design for QBO and QBOA that will roll out progressively to all users early- to mid-December 2016. These design enhancements were developed to offer a better, consistent experience across our QuickBooks ecosystem with QuickBooks Self-Employed, Payroll, Payments and other products. Stay tuned for more updates on our new look and feel.