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New features in QuickBooks

Everything you need to know about our latest features and updates.
What's newWhat's newWhat's new
January-March 2021
Employee Self Setup
QuickBooks Payroll

Save time and improve accuracy with self-setup. New employees can now provide their information directly via the QuickBooks Workforce portal, and have ongoing access to their paystubs and T4/RL-1.

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We’ve also added these features:
Cash Flow Planner enhancements
QuickBooks Online

You can now forecast cash flow up to 24 months ahead. You can also add recurring transactions to the cash flow planner to get a more accurate view of your finances. To top it all off, you can download your forecasts as a PDF to easily share with team members, stakeholders, or your accountant.

Year-end forms filing tool
QuickBooks Online

Track contractor payments, run reports, and file T4A and T5018 slips right from QuickBooks Online—that means you can generate and file contractor tax forms all in one place.

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Workpapers now in the left navigation
QuickBooks Online Accountant

Workpapers is now accessible in the left navigation under Books to Tax within your clients’ QuickBooks Online file. Workpapers offers accountants and bookkeepers year-end tools for their client engagements. Keeping track of documents, reviewing financials, and preparing financial statements is all in one place.

Year-end tasks
QuickBooks Online Accountant

Coming soon: we’re adding a new year-end task list in Workpapers so you can collect and organize all of your year-end to-dos. Status flags will show what tasks are in progress, completed, or waiting to be done. Having your tasks right where the work is makes it easy to keep track of where you’re at and easily show your progress with your engagement.

Client letters
QuickBooks Online Accountant

Client letters are now available in QuickBooks Online Accountant. With this new feature, you can now create your client letters in the same place you do your books to tax work — simplifying your year-end process.

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Payroll overview page
QuickBooks Payroll

The overview page is your one-stop source for everything Payroll. Keep track of deadlines, important employee dates, and your most commonly used reports, forms, and settings all in one place. Visit the Payroll tab to view the Overview Page.

QuickBooks Time
QuickBooks Time

TSheets time tracking software has been rebranded to QuickBooks Time. Sign up for an easy way to keep your team on task and add accuracy to your invoicing. Staff can clock on and off using any device and approved hours integrate with QuickBooks Payroll.

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October-December 2020
Vacation Policy
QuickBooks Payroll

Automatically include each employee’s accrued vacation liability to your chart of accounts. Set up (or edit) an accrued vacation policy and QuickBooks will automatically calculate the associated annual hours.

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We’ve also added this feature:
Year-end contractor forms - reports
QuickBooks Online

Track subcontractor payments, run reports, and get your T4A and T5018 forms ready to file.

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July - September 2020
Month-end review
QuickBooks Online Accountant

Breeze through month-end bookkeeping with step-by-step tools for incomplete transactions, reconciliations, and account balances. Quickly reconcile accounts and resolve issues with built-in checklists, progress trackers, and automatic data flagging.

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Tags
QuickBooks Online

Keep your transactions organized with customized tags for invoices, expenses, and bills. You can also group tags together and run reports to see how different areas of your business are doing.

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We’ve also added these features:
Performance Centre
QuickBooks Online Accountant

Get a clear picture of your client’s business performance and KPIs with customizable charts. Quickly spot trends and compare your client’s performance to other businesses in their industry.

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Price Rules
QuickBooks Online

Set price rules for specific customers and products. Create sales on select items, offer discounts to top customers, or price your products in foreign currencies.*
*available for QuickBooks Online Plus users only

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Workers Compensation
QuickBooks Payroll

Automatically track and calculate workers’ compensation for employees in Ontario and British Columbia.

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Business View
QuickBooks Online

New to accounting? The Business View toggle helps you handle everyday tasks like sales and billing without extra steps or processes. Get work done quickly with simplified terminology, navigation, and guidance.

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April-June 2020
Cash Flow Planner
QuickBooks Online

Manage your business finances, forecast your cash flow, and get actionable insights in one tool. Add or adjust certain events to see how different changes affect your cash flow (without changing your books).

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We’ve also added these features:
Reporting enhancements
QuickBooks Online Accountant

Streamline the client reporting process by loading and exporting twice the amount of available data in your General Ledger. Use the enhanced “Find” (CTRL F) feature to search the entire browser cache for data, even if it’s not on your screen. Enjoy a more intuitive user interface with improved scrolling, QuickZoom, and more.

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