What’s new in QuickBooks Online: November 2022

We consider accounting professionals to be our most important partners because we share the same mission: to help small businesses grow and prosper. That’s why this International Accounting Day, Nov. 10, we want to show our appreciation for accounting professionals around the globe.

Be sure to thank the accounting professionals in your life for their continued partnership in powering prosperity around the world. 

If you aren’t already connected to an accounting professional, you can find one in your locale below:

• United States ProAdvisor Page
• Canada ProAdvisor Page
• United Kingdom ProAdvisor Page
• Australia ProAdvisor Page

Automated sales tax item category recommendations

QuickBooks® Online will now flag when an item in Products and Services could be associated with special tax rates, thresholds, or exemptions, and will recommend the appropriate sales tax item category for the item. Once you map a product or service to an item category, the rate will always be correct—even when the rate changes. You can be confident you’re using the correct category and charging your customers the correct sales tax rate anywhere you sell.

When you’re setting up an item in products and services, QuickBooks Online will:

• Show you the recommended item category, when the sales tax machine-learning model has high confidence in the sales tax item category.
• Or, when the model has medium-high confidence, it will prompt you to edit the sales tax category to see recommendations.

Learn more



Create data visualizations with Chart View

In a nutshell: Starting this month, you can build visual representations of data right in QuickBooks Online Advanced, with Chart View. Rather than exporting data to Excel to create visualizations manually, you can use Chart View to create clear explanations of key performance indicators.

You can also use Chart View widgets in QuickBooks Online Advanced as part of the custom report builder, to create trend lines or bar graphs. Plus, you can toggle between table view and chart view and save your custom report in a chart format.

Whether you’re discussing performance with your internal teams or presenting quarterly data to your board of directors, using Chart View widgets in QuickBooks Online Advanced will help those findings come to life.

Note: This feature is only available in the custom report builder, which is exclusive to QuickBooks Online Advanced. Learn more

Enroll in health insurance by Dec. 15, 2022 to prepare for the new year

In a nutshell: It’s open enrollment season for health insurance, which is the #1 requested benefit among employees according to employer firm surveys. When you have QuickBooks Online Payroll, you can add fully integrated health insurance to help attract and retain top talent. Our partners at Allstate Health Solutions offer affordable group medical, dental, and vision insurance options, with a broad variety of plans designed to meet your needs.

From Nov. 1 – Dec. 15, 2022, you can:

• Get a quote from Allstate Health Solutions to see how affordable health benefits can be for your team.
• Choose a plan and pick a start date.
• Find and retain talent by offering competitive benefits just in time for the new year.

Learn more

Attach a Guideline 401(k) to QuickBooks Online Payroll and get the first 3 months free

In a nutshell: For a limited time, QuickBooks Online Payroll customers can skip 3 months of employer fees¹ when opening a fully integrated Guideline 401(k).

A 401(k) plan is a popular benefit that can help employees save for the future and help you build and retain a strong team. Our partners at Guideline provide fully integrated 401(k) plans with optional automatic employee deductions and employer match, while handling the administration, compliance, and recordkeeping at no extra cost to you. Plus, when including tax credits, small businesses may be able to offset the entire cost of a 401(k) for up to 3 years.²

QuickBooks Online Payroll customers can sign up for a new plan now and get their employee fees waived for 3 months. Learn more about plan pricing with a convenient tax calculator available at our Guideline 401(k) partner page. To sign up, you can connect to Guideline with your current QuickBooks Online login credentials and configure a plan in minutes.

Note: This promotion is active from Oct. 1 to Dec. 31, 2022. However, make sure to sign up for a new plan by the end of November to have benefits ready for the new year. Learn more

Now available: Employee edits in QuickBooks Workforce

In a nutshell: Your employees can now manage their own payroll profile in Workforce, the online portal where they access their paystubs, saving time for both themselves and you.

Using Workforce, employees can manage their own:

• Federal and state tax withholding
• Name
• Address, within the same state
• Date of birth
• Gender

You can choose which data employees can edit, by specifying your preference for each field at any time in payroll settings. For each change an employee makes, you or your accountant will get an email notification—and you’ll know whether you need to take any action regarding the change.

Both employers and employees have requested this feature consistently in voice of the customer programs.

Note: In an upcoming update, employees will be able to adjust their bank account information for direct deposit. Learn more

APY on QuickBooks Checking Envelopes is increasing to 1.75%

In a nutshell: The Annual Percentage Yield (APY) on all QuickBooks Checking account Envelopes will be increasing to 1.75%, effective Nov. 17, 2022. There’s no action needed from you if you’re already using Envelopes.

Not familiar with envelopes? They are a great feature within QuickBooks Checking that let you set aside cash for expenses and keep your budgets organized. You can create up to 9 Envelopes depending on their business needs, such as payroll, taxes, rainy day funds, or equipment. In order to spend this money, it must be moved to the main account. This can be done instantly. Learn more

**Product Information

Annual percentage yield: The annual percentage yield ("APY") is accurate as of Nov. 17, 2022 and may change at our discretion at any time. An interest rate of 1.75% will be paid on the average daily available balances distributed across your created envelopes within your primary QuickBooks Checking account. Balances held outside an Envelope, will not earn interest. At the close of each statement cycle, interest is calculated based on the average daily balance in your Envelopes. The average daily available balance is calculated by adding the available balance in your Envelopes and dividing that figure by the number of days in the statement cycle. The interest earned will be distributed to each Envelope in proportion to the average daily balance of each Envelope. See Deposit Account Agreement for terms and conditions.

Envelopes: You can create up to 9 Envelopes. Money in Envelopes must be moved to the available balance in your primary account before it can be used. Envelopes within your primary account, will automatically earn interest once created. At the close of each statement cycle, the interest earned on funds in your Envelopes will be distributed to each Envelope in proportion to the average daily balance of each Envelope.

QuickBooks Checking account: 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. All of these 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.

©2022 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.

Guideline 401(k): 401(k) offerings are provided and administered by Guideline, an independent third party and not provided by Intuit. Intuit is not a 401(k) plan administrator, fiduciary or other provider. Requires acceptance of Guideline's Client Relationship Summary and Privacy Policy. Additional 401(k) plan fees will apply. Employees may manage their contributions directly with Guideline. Admin and payroll access required to sign up for a 401(k) plan with Guideline.

¹Guideline 401(k) “three months free” promotion: Employer fees include the monthly base fee and the monthly participant fee after the new plan begins. Other participant-paid fees will apply. See our Guideline’s Form ADV 2A Brochure here for more information about our fees. This offer is for the first 3 months of service after the plan begins, followed by the then-current monthly list price. Your employer account will automatically be charged on a monthly basis until you terminate your plan. To be eligible for this offer you must be a new Guideline 401(k) customer. This offer cannot be combined with other offers. Offer available for a limited time only. Guideline reserves the right to modify or discontinue this promotion at any time without prior notice.

²Guideline 401(k) tax credits: "This content is for informational purposes only and is not intended to be construed as tax advice. You should consult a tax professional to determine what types of tax credits or deductions your company is eligible to claim."

Health benefits: Health insurance benefits are provided by Intuit Insurance Services Inc., a licensed insurance broker, through a partnership with Allstate Health Solutions. Requires acceptance of Allstate's Terms of Use and Privacy Policy. Intuit Insurance Services is owned and operated by Intuit Inc. and is paid a percentage fee of insurance policy premiums by Allstate Health Solutions in connection with the services described on this page.