The start of a new year offers small business owners a rare opportunity to stop and smell the roses. It’s a time to celebrate previous wins and inspire future successes. A time to reflect, refocus, and reevaluate. That evaluation usually includes a critical look at your business solutions, like QuickBooks®.
We get it. You need to know that your systems and processes are optimized for your innovative and growing business. You need to know that QuickBooks has what you need to succeed in 2021. A year in which e-commerce, remote work, and digital payments take the lead.
Whether you’re a long-time QuickBooks customer or just starting to think about using QuickBooks for your business, here are eight new and improved features you’re going to love in 2021.
1. Manage outgoing payments with Bill Pay
Using Bill Pay, business owners can pay bills directly from QuickBooks Online or through the QuickBooks mobile app.1 Flexible bill pay options allow you to choose how your vendors are paid. You can choose to pay any bill with a bank transfer or credit card payment will be delivered to your vendor as a bank deposit or check.
Schedule bill payments in advance to maximize your cash flow while avoiding late payment fees. QuickBooks will automatically submit scheduled payments for you. Quickly record and pay bills directly from the QuickBooks mobile app.
Use Bill Pay to pay any bill on your expenses page or by choosing any bill on your Pay Bills list in QuickBooks.
2. Gain control of your cash flow
Sixty-one percent of small business owners regularly struggle with cash flow problems. Predict and forecast cash flow with QuickBooks Cash2. Your QuickBooks Cash bank account seamlessly integrates with QuickBooks Payments and QuickBooks Payroll so you can run your business from one place within QuickBooks.
A QuickBooks Cash business bank account is free to open, and there are no monthly fees or account minimums2. Plus, you’ll earn 1.00% APY on all balances, get instant access to eligible funds processed by QuickBooks Payments at no additional cost, and spend funds instantly using your QuickBooks debit card.2
Connect all your bank accounts to QuickBooks to see your real-time cash flow, front, and center. Use the Cash Flow Planner to predict future money in and money out events without affecting your books.3 And use QuickBooks Envelopes to tuck cash away for future business goals and expenses.4
QuickBooks customers can gain full access to Cash Flow with a QuickBooks Cash account. (QuickBooks Cash Account opening is subject to identity verification and approval by Green Dot Bank. QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank.)
3. Easily track and organize transactions
Tags are a flexible way to track what’s most important to you and your business. Create custom tags to track money your way. Tag transactions such as invoices, expenses, bills, and more to run custom reports and gain deeper insights on where your business makes and spends money. Easily search and track transactions based on tags you’ve created.
4. Quickly reconcile your accounts
Import bank statements to quickly and easily reconcile an account. QuickBooks will compare what you recorded with your bank statement to make sure everything matches.
Some banks now let you view your bank statements in QuickBooks. All you need to do is connect your bank account to online banking. If your bank supports this feature, you can get bank statements automatically when you reconcile.
5. Manage and organize expenses from anywhere
Snap a picture of a receipt or bill and categorize it in QuickBooks—all from your mobile device.5 No need to switch to a computer to categorize or split your expenses. Swipe gestures allow you to quickly add, match, edit, undo, and delete expenses.
These expense tracking enhancements are available now. Use the QuickBooks mobile app to start tracking expenses.
6. Conquer sales tax
There are thousands of tax laws that impact sales tax in the United States. As more businesses pivot towards e-commerce, calculating and collecting sales tax gets even more complicated. But when you add sales tax to an invoice in QuickBooks, sales tax calculations are automatically taken care of for you. Sales tax rules within QuickBooks are reviewed by our sales tax experts each month and updated as rules and rates change.
QuickBooks will automatically recommend sales tax rates for you based on what you’re selling, when you’re selling, where your business is based, and where your customer is located. If you have a special situation and need more flexibility in your rates, you also have the option to use your own rate.
7. Get the information you need—fast
QuickBooks Assistant has the answers to your QuickBooks questions. Our friendly chatbot is available through the mobile app 24/7. Type or speak your question, and QuickBooks Assistant will help you find what you’re looking for. If our bot can’t help, it’ll connect you with a human who can. Just say, “Talk to a human.” Keep in mind some support options are only available at certain times.
8. QuickBooks is available whenever and wherever you need it
QuickBooks is best experienced on the web or using the mobile app. The QuickBooks Online mobile app is a great way to record expenses, access accounting reports, and more. But if you need to access something in QuickBooks that isn’t available on the mobile app, you can log into QuickBooks Online from your mobile browser.
QuickBooks Online is optimized for your mobile browser, so you can manage your business from anywhere.
1Bill Pay: Bill Pay services powered by Melio with funds held by Evolve Bank & Trust or Silicon Valley Bank (members of the FDIC and the Federal Reserve. Bill Pay is not available for QuickBooks Online Simple Start.
2QuickBooks Cash account: QuickBooks Cash Account opening is subject to identity verification and approval by Green Dot Bank.
QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank.
Users must apply for both QuickBooks Payments and QuickBooks Cash accounts when bundled. QuickBooks Payments’ Merchant Agreement and QuickBooks Cash account’s Deposit Account Agreement apply.
Banking services provided by and the QuickBooks Visa® Debit Card is issued by Green Dot Bank, Member FDIC, pursuant to license from Visa U.S.A. Inc. Green Dot Bank operates under the following registered trade names: GoBank, GO2bank and Bonneville Bank. Registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. Green Dot is a registered trademark of Green Dot Corporation. ©2021 Green Dot Corporation. All rights reserved. QuickBooks products and services, including Instant Deposit, QuickBooks Payments, Cash flow planning / forecasting are not provided by Green Dot Bank.
No monthly fees: Other fees and limits apply. See Deposit Account Agreement for details.
Instant Deposit at no extra cost: Includes use of Instant Deposit without the additional cost. Instant deposit is an additional service offered by QuickBooks Payments subject to eligibility criteria, including delayed eligibility for new users and availability for only some transactions. Standard rates apply for ACH, swiped, invoiced, and keyed card transactions. Deposits are sent to the bank account linked to your QuickBooks Debit Card in up to 30 minutes. Deposit times may vary for third party delays.
Annual percentage yield: Annual percentage yield: The annual percentage yield (“APY”) is accurate as of 8/2/21 and may change at our discretion at any time. The APY is applied to deposit balances within your primary QuickBooks Cash account and each individual Envelope. We use the average daily balance method to calculate interest on your account.
3Cash flow planner: Cash flow planning is provided as a courtesy for informational purposes only. Actual results may vary.
4Envelopes: You can create up to 10 Envelopes. Money in Envelopes must be moved to the available balance in your primary deposit account before it can be used. Envelopes earn interest as well. Each Envelope will automatically earn interest once created, which will be separately tracked from the primary account and any other Envelope. The interest will be applied to deposit balances in each individual Envelope at the end of your Billing Cycle. See Deposit Account Agreement for terms and conditions.
5Mobile apps: The QuickBooks Online mobile and QuickBooks Self-Employed mobile companion apps work with iPhone, iPad, and Android phones and tablets. Devices sold separately; data plan required. Not all features are available on the mobile apps and mobile browser. QuickBooks Online mobile access is included with your QuickBooks Online subscription at no additional cost. Data access is subject to cellular/internet provider network availability and occasional downtime due to system and server maintenance and events beyond your control. Product registration required.