Over the years, we’ve heard similar tales from accounting professionals, that when it comes to managing their practice, anecdotes of missed deadlines and the fear that something will fall through the cracks is a palpable one.
Therefore, we are excited to announce the launch of several free integrated practice management features that takes the away the stress of paper trails and lapsed deadlines by securely streamlining the communication you have with your clients. This is only the start of an end-to-end practice management solution that has the practice-client relationship at the front of mind
Here are the three key ways Practice Management will help you save time and empower your growth for long-term financial success:
Move away from multiple places to track client information and workflow to an integrated task creation and completion in QuickBooks Online Accountant.
The “big whiteboard” has become a stable piece of office decoration among accounting professionals, with various colored markers tracking high-level deadlines for each employee, while spreadsheets and third-party tools record the more granular tasks and deliverables. In addition you and your practice are constantly switching between various platforms every day just to do their jobs.
The practice management features now reduce the number of tools you’ll need to manage in your practice to just one. Practice management has been designed to eliminate the disjointed and confusing experience of manual tracking, providing a unified view of work that delivers visibility across all client work. With these new features, you and your firm can easily create and assign tasks directly within QBOA, which are then automatically marked as complete, once they are finished. Since QBOA is also directly connected to the applications you’d use to perform work, the software will leverage data and user behavior patterns to automate overhead and identify work that needs to get done, eliminating the need for you to discover and enter tasks manually. Finally, these features are fully mobile enabled, so users can access Practice Management anytime, anywhere.
Moving from cumbersome and manual tracking to a unified view of work for managers and team members.
It’s no surprise to state that you operate in a deadline-driven reality, and the number of deadlines can be overwhelming. Missing a deadline equates to hefty fines at best, or losing a client at worst. The various processes of tracking due dates can also cause disorganization among your employees, not to mention you feeling anxious that something may have been overlooked.
These practice management features will allow you and your practice to stay on top of their firm’s workflow by keeping track of all deadlines, across all employees and across all clients. The new dashboard feature will display an overview of your practice’s workflow, as well as providing visibility into each one of your initiatives, tracking processes and managing notifications, so that you’ll be confident that no deadlines will be missed. Employees can track jobs by client or team member, while managers can easily see at a glance what their team is working on, so planing and adjusting projects accordingly can take place.
Moving from spending time tracking down source documents from clients to always knowing what you asked for, what you received and what you’re still waiting on.
Normally, you cannot typically communicate with your clients through the accounting software where their work is done, and we’ve seen that accountants spend an estimated 65 percent of their time tracking down source documents.
Practice Management allows you to save time and streamline their client collaborations directly within QBOA. Send messages to clients within the platform, securely share and access documents, and track the status of requests, all in one place. With these practice management features in place, you’ll be able to more efficiently communicate with clients and always have insight into what they have requested, what they have received and what is still needed.
To get started, sign in to QuickBooks
We’re excited about this first step toward our long term vision, and we hope you are too. Please keep coming back for information on new features and benefits.
Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.
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