Welcome to your May ‘Insight’ blog, bringing you the latest product updates. This month, we showcase our new look time tracking, our new ‘My Accountant’ tab, that allows even better collaboration with an accountant, how to save even more time calculating your CIS with our new Tax Dashboard and how to easily import data with our app spotlight SassAnt.
Time Tracking just got a new look
Revamped & Reimagined Mobile Time Tracking in QBO
While time tracking will still be fast and easy, it will now reflect QuickBooks look and feel you have become accustomed to using. With more businesses like you working on the go, we’ve also created a new and exciting mobile time tracking experience to simplify the process and make your business more productive.
The look and feel have both been updated to provide you with a more responsive experience, as well as the ability to log in from mobile devices anywhere, anytime. In addition, time-tracking employees can submit weekly timesheets, enter single time activities and make these time entries billable to a specific customer. A summary report of the time activities submitted will also be available.
Here’s another benefit for small business owners: Unlike other QBO roles, such as “company admin” or “customer & sales,” time-tracking-only users are non-billable, so, as a small business owner, you can add as many time trackers as you need to run your business.
New CIS Tax Dashboard
If you’re a contractor working in construction, you’ll be aware of CIS and all the paperwork that goes with it. Launching in May, all CIS contractors will be able to see their CIS deductions and view their CIS returns from one place. Saving you time and cutting down on the paperwork.
A view of the new CIS tax dashboard
With CIS switched on, QuickBooks will help you calculate CIS deductions on your invoices, expenses, and bank transactions. And it doesn’t end here, we’ll continue working on CIS so keep telling us what you’re looking for.
It’s now even easier to work with your Accountant
The QuickBooks Online Accountant team is excited to announce the launch of several free integrated practice management features that will help your accountant streamline the communication you have with them securely. These new features mark the start of end-to-end practice management solution designed with you, the small business in mind.
Create and assign jobs and tasks to your team members right from within QBOA.
Your accountant can check the status of jobs and tasks in real time. Sorting by client or team member makes it easy to track progress.
Update and edit job details in seconds, straight from the dashboard.
Finding an accountant is easy in QuickBooks
If you don’t have an accountant, then don’t worry. Our Directory has over 1,000 certified QuickBooks Accountants or Bookkeepers so you can find the right one for you and your business.
Don’t miss our exclusive webinar
Our webinar on the 1st June at 10am will take you through the following topics:
- The New “My Accountant Tab”
- The CIS Tax Dashboard
- Time Tracking
App Spotlight of the month: Import data the easy way, with SaasAnt Transaction Manager.
With SaasAnt Transaction Manager you can import data from Excel or csv files into QuickBooks, and map your transactions to the correct QuickBooks list, automatically.
If you are using other software to run your business daily, this is a must-have tool to upload transactional data into your QuickBooks account. The mapping is easy to do; it will save you time as you do not need to key-in the data manually. And if you make a mistake you can also easily delete the transactions you have uploaded. No hassle, no extra work!
Similarly, if you have just moved from using Excel spreadsheets to using QuickBooks, you can easily upload historical data, in a few steps. You don’t lose anything.
To check the 5-star reviews from existing users, and sign-up for your 30-day free trial, it’s this way!
QuickBooks Tip of the Month
Need help setting up Payroll in QuickBooks? Then see our step by step guidance on how to set up your Payroll.
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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