What’s new in QuickBooks Online: October 2022

For most small businesses, the holiday season can bring an extra dose of excitement ... and maybe some anxiety. From staffing to holiday marketing strategies, it’s about maximizing resources and minimizing manual effort. So we’re here to help—lending an extra hand with automation and upgrades that speed up your workflow, so you can focus on growing your business.

Now available: Commerce accounting in QuickBooks® Online

In a nutshell: QuickBooks Online now seamlessly integrates with your online sales channels, including Amazon, Shopify, and eBay.

Rolling out in time for the holiday season, this new integration will help sync sales, refunds, and fees, as well as match transactions as they automatically appear in the books for you to review and approve. With QuickBooks Online commerce accounting capabilities, you can:

• Send e-commerce data to QuickBooks: Connect your e-commerce platforms and marketplaces with a fast and easy setup.
• Do less manual work: QuickBooks automatically separates your revenue from taxes and fees across your sales channels and seamlessly maps it to the right accounts.
• See trends at a glance: Stay on top of cash flow, run accurate reports, and get insights into your revenue, expenses, and profitability.
• Make tax time easier: Maximize your deductions and minimize the stress of doing taxes.

This upgrade is now included in new QuickBooks Online subscriptions and will be available to existing customers over the next several weeks. Learn more

Custom reports scheduling in QuickBooks Online Advanced

In a nutshell: With the addition of a new calendar icon, you can create a workflow that automates the generation, export, and emailing of custom reports in QuickBooks Online Advanced.

You can save time by automatically running custom reports on business-critical performance data, and share them with appropriate team members on a monthly or quarterly basis.

QuickBooks Contractor Payments

 In a nutshell: From next-day direct deposits to 1099 filings, contractor payments take care of it all for the 2.2 million and growing US businesses that rely on a contractor-heavy workforce.

With an increasing number of business-critical functions being managed by contractors, paying them quickly is the most important step in maintaining a good working relationship. It’s also vital to collect the contractors’ W-9 information as soon as they’re hired to stay compliant. Learn more

Contractor payment benefits include:

• Simple setup: Invite contractors to set up a free account so they can complete their W-9s and provide bank deposit details.
• Pay contractors fast: Make unlimited payments with next-day direct deposit. Payments automatically sync with QuickBooks Online, so your books are always up to date.**
• Stay tax-time ready: We’ll complete your 1099 so you can e-file to the IRS and send copies to contractors.

Currently available for a flat fee of just $15/month for up to 20 contractors. ProAdvisor Preferred Pricing discount coming soon.

**Product Information

QuickBook Online Payroll & Contractor Payments: Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services, subject to eligibility criteria, credit and application approval. For more information about Intuit Payments Inc.’s money transmission licenses, please visit https://www.intuit.com/legal/licenses/payment-licenses/.

Next-day direct deposit: Deposits processed before 5 PM PT the day before shall arrive the next business day (excluding weekends and holidays). Requires setup of direct deposit and bank verification. May be subject to eligibility criteria. Deposit delays may occur because of third party delays, risk reviews, or issues beyond Intuit’s control.

Now available: Option to add tips to invoices in QuickBooks Online

In a nutshell: Starting this month, you can add a tip when you pay an invoice, and you’ll get an additional field to record tips of 5%, 10%, 15%, or a custom dollar amount on sales receipts.

When you turn on tips, it adds a Tips field to all your Invoice and Sales Receipt forms. You can also manage tip settings right in an invoice. This is useful when you want to turn tips on or off by default, but make an exception for specific customers. Learn more

Personalized migration assistance to QuickBooks Online

 In a nutshell: If you need help with understanding QuickBooks Online after you have made the switch from QuickBooks Desktop, we can help with free personalized setup, a complimentary, 1-hour onboarding session with our QuickBooks Customer Support team.

Our experts will review your migration and provide a guided tour of QuickBooks Online, focusing on how to find your most important information. Experts will also provide guidance on how to access most-used business tasks, and how workflows will look in QuickBooks Online. We’ll help you feel comfortable doing daily tasks, and our Customer Support team can even help them compare specific reports from QuickBooks Desktop to QuickBooks Online to ensure accuracy of data migration. You will learn about the Gear icon, +New button, Banking, and more to get the most out of their new QuickBooks Online experience. 

If you or your accountant would like to purchase QuickBooks Online and learn more about personalized setup, please call 800-459-5183, M–F, 8 AM to 8 PM ET.