What's new in QuickBooks Online: June 2022

Summer’s upon us, and this month’s updates will help you get work done more efficiently as we streamline import, sync and connect capabilities across the QuickBooks® ecosystem. That way you can get outside and enjoy the sunshine more.

Upgraded features with automatic matching for QuickBooks Payments

In a nutshell: Manually reconciling payments can be tedious and time consuming. The new auto-reconciliation feature is designed to save you and your clients’ time by using the bank ID to automatically match bank deposits to payments.

You can find and view details on automatically matched transactions in Banking under the Categorized or Reviewed tab in QuickBooks Payments. Learn more

QuickBooks Payroll support of tax Form 943

In a nutshell: By the end of June, you and your clients can add agribusiness clients who require Form 943 to QuickBooks Online Payroll.

You can work with a diverse set of businesses and unify all their payroll tax requirements in one solution. New Core, Premium, and Elite Payroll customers will have the option to choose “Form 943 each year (agriculture)” when setting up payroll or adding it in Payroll Settings. AutoTax On customers will have the annual Form 943 filed for them, and AutoTax Off customers will be able to generate and file Form 943 on their own, starting with tax year 2022. Learn more

Check image auto-import feature in QuickBooks Online

In a nutshell: This feature imports check images along with bank feeds from supported U.S. banks, so you and your clients can review images without leaving the bank transaction screen.

Current check transactions in bank feed carry very few details about the transaction. And while you wait for clients to respond with context, the transaction may remain uncategorized. With check image auto-import, you can understand at a glance what the check is for and match it to relevant sales receipts or invoices.

Knowify Connector in QuickBooks Online Advanced

In a nutshell: Knowify Connector brings simplified financial management for construction projects to QuickBooks Online Advanced, at no additional cost.

With Knowify Connector, you can sync construction projects, invoices, and expenses created in Knowify with QuickBooks Online Advanced.*

Streamline your project processes: Avoid dual data entry for projects created in Knowify and corresponding project financials in QuickBooks Online Advanced.

Track performance at a glance: Send project info from Knowify to QuickBooks Online Advanced, where you can use analysis tools to quickly gauge profitability.

See project updates in real time: Now your finance team operating in QuickBooks Online Advanced and your project managers operating in Knowify can work in sync using the latest project financials.

*Knowify and QuickBooks Online Advanced sold separately. Additional fees may apply. Requires a Knowify account and acceptance of Knowify’s terms and Privacy Statement.

Knowify Connector in QuickBooks Online Advanced

In a nutshell: Knowify Connector brings simplified financial management for construction projects to QuickBooks Online Advanced, at no additional cost.

With Knowify Connector, you can sync construction projects, invoices, and expenses created in Knowify with QuickBooks Online Advanced.*

Streamline your project processes: Avoid dual data entry for projects created in Knowify and corresponding project financials in QuickBooks Online Advanced.

Track performance at a glance: Send project info from Knowify to QuickBooks Online Advanced, where you can use analysis tools to quickly gauge profitability.

See project updates in real time: Now your finance team operating in QuickBooks Online Advanced and your project managers operating in Knowify can work in sync using the latest project financials.

*Knowify and QuickBooks Online Advanced sold separately. Additional fees may apply. Requires a Knowify account and acceptance of Knowify’s terms and Privacy Statement.

Formatted exports in Custom Report Builder with QuickBooks Online Advanced

In a nutshell: Save time while creating custom reports by maintaining pre-configured groupings when exporting custom reports within Custom Report Builder to Excel.

Benefits:

• Eliminate the need to manually re-configure grouping and formatting within your exported Excel files
• Reduce errors made by manual input
• Deep-dive into your data and analyze it how you want

Learn more

Coming soon: Multi-factor authentication for QuickBooks Desktop Payroll

In a nutshell: Adding multi-factor authentication to QuickBooks Desktop Payroll eliminates the need for you to remember, share and enter your payroll service PIN during payroll, making it safer and easier for you to pay your team.

Over the next few months, we’ll transition from the payroll service PIN currently in use for desktop users to a multi-factor login, where a unique verification code will be sent to the mobile phone number associated with the Intuit account each time.

With multi-factor authentication, you’ll be able to:

·       Get enhanced data security and protection for your payroll data.

·       Manage who does payroll for you and what they can access.

·       Enjoy a streamlined experience running payroll after you’re logged in.

Make sure you’re ready

·       Check if your Intuit Account is linked to the company file with the correct role.

·       Update or verify the phone number associated with your Intuit Account.

·       For Primary Admins only: Sign up for or sign in to your Intuit Account, invite additional payroll users to your account, and assign them the appropriate roles and status.