Intuit Enterprise Suite Spring update features more efficient multi-entity accounting, enhanced reporting, and more

The Spring Intuit Enterprise Suite update helps complex, growing businesses make faster decisions, save time.

• Companies with multiple entities can now create allocations directly from the transaction
• The multi-entity hub shows users KPIs and dashboards for their entire portfolio, and serves as a launching point for intercompany journal entries, consolidated reports, and other multi-entity actions.
• Users have increased access to data with business intelligence tools to help make data-informed decisions.
• Increased industry specific customizations to help with project budgets, cash flow, and planning.
• New updates to help you power your workforce and help your business grow.

Here’s more information about what is in the Spring update. For full details, see Intuit Enterprise Suite Spring release notes. 

Multi-entity accounting and financial management

Finance teams at multi-entity businesses often spend many hours each month manually managing inter-company journal entries, costing firms time and impeding growth. Intuit Enterprise Suite delivers automated and streamlined finances for valuable insights to help scale multi-entity businesses.

Multi-entity allocations and default mapping

Use Intuit Enterprise Suite for intercompany allocations to multiple entities directly from your bank feed, expense forms, or bills, instead of  creating an intercompany journal entry for each intercompany transaction.  Enter percentage amounts to allocate to each line of business in the allocation form, and the Suite handles the correct accounting based on your default account mapping.

Your accounting team can set default mapping during the initial setup process, as a precursor to performing allocations. Then they can select which accounts should be included in intercompany transactions that happen between each entity. This ensures intercompany allocations always hit the right debit and credit accounts, removing the need to manually select accounts each time.

New multi-entity hub and enhanced reporting

The multi-entity hub is a new way to easily monitor KPIs for sales, expenses, profit and loss, accounts receivable (AR), and accounts payable (AP) across entities at a glance. 

With enhanced reporting, you can choose which entities to include, scroll through multiple entities side-by-side, or filter by time period.

Dimensions and business intelligence

Forecast Reports

Finance teams lose time and productivity when manually comparing forecasts versus actual performance. Take advantage of two new reports designed to help manage performance versus forecast—without having to export to spreadsheets. 

Forecast vs. Actuals: This new report provides a side-by-side comparison between actual performance and forecasted targets, detailing both monetary ($) and percentage (%) variances.* 

Forecast Overview: The enhanced forecast report supports filter and grouping functionalities, enabling users to segment and analyze deeper data insights tailored to their needs.

*monetary value variance = numeric difference between actual vs forecast

*percentage variance = percentage difference between actual vs forecast

Dimensional P&L Forecast

You can also break down a profit and loss forecast into dimensions that are important to your business, like department, region, fund, or product line. You can apply rules to specific dimensions and classes in your forecast to reflect your business goals, including income, expenses, cost of goods sold (COGS), and expense accounting. You can then convert your dimensional forecast into a budget, or export it as an Excel spreadsheet or PDF.

Industry-specific customizations

Project budgets

Companies that rely on complex spreadsheets to track project budgets at a granular level, like construction companies, often maintain two versions of the same budget. One version that tracks every detail—and another higher-level budget within the accounting software. Tracking these budgets in two places takes time and often results in inaccuracies. 

Intuit Enterprise Suite users can now track detailed costs like labor, materials, equipment, and subcontracts in one place. This lets you understand the costs from estimate to final invoicing using highly customizable and flexible project-level budgets.

Save time, minimize errors, and track project data from one connected system to get real-time insights into the health of projects.

AI import for project budgets

Use AI to help accurately import an existing project-specific budget from a spreadsheet to Intuit Enterprise Suite. During the import, AI suggestions will help correct potential inaccuracies.

Once imported, execs and accountants can understand the overall costs of a project from estimate to final invoicing. Construction and other project-based companies can manage the entire budget process in Intuit Enterprise Suite, saving time and reducing manual data entry errors. AI technology will automatically address any duplications or mismatches that happen when mapping the spreadsheet data to the Intuit Enterprise Suite format*.

Project task templates:  Use pre-set templates within ‘My Templates’ library or create custom templates. These templates can include individual tasks, or be grouped together under various milestones. You can also clone an existing project (with tasks) and create a template that can be used for new projects.

Cost code templates: Track progress of budgeted cost against actuals with reports tied to project cost codes. A construction project-based business can access 10 cost code templates in Intuit Enterprise Suite that align to the most-used construction industry divisions, like electrical, mechanical, and masonry. 

With this increased customization and granularity, you can make informed, proactive decisions by reporting across cost codes and monitoring costs in real-time to identify issues or deviations from your budget.

Third-party integration enhancements via API

The HouzzPro API integration enhancement expands custom field maximization from 3 to 12.  This enables detailed reporting on more custom data points like PO number, sales rep, bill, or location. Drive more business insights by accessing, analyzing, and filtering HouzzPro data through additional custom fields.

Project profitability

See project profitability data in a visual chart on the project details tab, including the forecasted profit margin throughout the timeline of a project. Project data will be automatically consolidated. Receive AI suggestions to help improve project profitability across expenses, invoices, bills, payroll, committed costs, and hourly costs. 

Some examples of insights users can receive are:

• How much you are over budget for a specific project, and if your total actual costs and estimated costs are aligned
• If a certain contractor or vendor has increased costs versus current or historical projects
• How much unbilled time is remaining for specific projects
• If supplier bills are higher than purchase order amounts

Workforce management

Employee history

Now you have more ways to take care of your employees and help retain your team. Monitor historical changes to employee data, all from a single streamlined view. Track historical updates, including managerial changes, department transfers, pay adjustments, and title changes. And you can stay informed about changes to employment status, hire dates, legal names, and address changes.

Gain peace of mind and save time by enabling better-informed decisions on promotions and raises with clearer visibility on each employee’s history at your business.

Available for customers with QuickBooks Online Payroll Premium or Elite.

Expanded retirement partnerships

Help attract and retain top talent with a second retirement option**. Human Interest is a leading 401(k) provider that’s highly rated by QuickBooks users, and trusted by over 1,000,000 employees nationwide.1 Human Interest plans feature seamless payroll integration with Intuit Enterprise Suite, proactive compliance management, and industry-low asset fees, making it easy to set up and manage retirement benefits. The comprehensive plans support both nonprofit and for-profit businesses, and provide a wide range of investment options and expert support to simplify retirement administration.

Paycheck corrections for closed quarters

With closed-quarter paycheck corrections**, users can void paychecks (including direct deposit), as well as edit or record paychecks from closed quarters. You get more flexibility without having to request support.

Organizational charts

Create an expandable chart of your business’s organizational structure that shows personnel and direct reports arranged in a multilayered visual.

Direct deposit payment reversals**

Reverse an employee direct deposit payroll payment of any amount in product within 5 days for no additional fee in Intuit Enterprise Suite, instead of requesting support.**

Multi-entity businesses, project-based businesses, and other complex and growing businesses can use the newest updates to Intuit Enterprise Suite to increase productivity and enhance profitability for their growing businesses, all in one place.

**Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services.  For more information about Intuit Payments' money transmission licenses, please visit https://www.intuit.com/legal/licenses/payment-licenses/.

**Available for customers with QuickBooks Online Payroll

**Direct deposit reversal feature is available at no additional cost for employee paychecks when requested directly within the product. A $75 fee will be applied to reversal requests submitted through alternative methods, including by filling out a form, even if the reversal is unsuccessful. Restrictions apply. Submitting a reversal request does not guarantee the recovery of funds. 

¹ Includes all employees of Human Interest customers, regardless of participation in the employer sponsored plans, as of January 1, 2025.

Terms, conditions, pricing, special features, and service and support options subject to change without notice.