New Integrations with QuickBooks Online Accountant
QuickBooks Online Accountant is now integrated with QuickBooks Self-Employed and ProConnect Tax Online.
Hear from your peers about how these integrations can help today's cloud accountants and bookkeepers as they serve as trusted advisers to small business.
Peter Cullen: Since that time, Intuit has firmly made the progression into being a company that understands the cloud well, that understands technology, how it works in the cloud well. Even better, understands how accountants can deliver value using cloud technology tools.
Mariette M.: The new cloud accountant, the new trusted adviser, or cloud integrator. There's so many beautiful words, honestly. Small business strategists, or I like to also call myself a small business ambassador. We're really not accountant bookkeepers anymore. We're advisers.
Peter Cullen: It would be valuable if you knew ahead of time, "If I do this, it will result in this outcome. If I do that, it will result in that outcome." Business owners, they're easily able to evaluate quickly and make decisions if you give them the information.
Mariette M.: I have the passion for the self-employed. The new business that doesn't know what to do, where to start, business of one, wearing a lot of hats and just need a lot of help. They haven't been keeping track of their expenses. They have what's called the shoe box.
Peter Cullen: Because we're in the cloud now, with pro-connect tax, and QBOA, we're able to do tax planning in real time. Meaning build ahead of time, provide information declines about the implication, the tax side of things. Before they make a choice so that they can weigh between different options.
Mariette M.: Two years ago, I found about QuickBooks Self-Employed. I found out about it, and I was so excited. Again, it was in its infancy, so there was still a lot of work to be done, but they have improved tremendously.
Peter Cullen: When I saw that Intuit was moving to the cloud, and I knew that I wanted to be able to have more freedom in my own life, less being tied to an individual computer, and more being open to working with clients in a different way, in real time, I saw that using QBO was the best way for us to go.
Mariette M.: QuickBooks Self-Employed really is a do-it-yourself. Number one, obviously automatic, everything comes in automated, so automated bank feeds. We all love that. That means one touch. You connect your bank, it's there. Number two, which I think is huge, is mileage, where it's literally on your phone. You start driving, and it's already calculating your time. You get to your destination, and it tells you, "Hey, you got mileage. Is it personal or is it business?" You literally just do a left or right. That's amazing. No more building mileage logs at the end of the year, because it's such a good deduction. Third, and most importantly, is that they actually calculate your estimated taxes. As a tax practitioner, I'll tell you, there's no other solution that does that.
Peter Cullen: There is a generational change going on now. They immediately get it. They understand that accountants work in a different way now. Matter of fact, they expect that. Their expectation is that you're going to be on-call more or less. Not literally on-call, but figuratively on-call to provide that insight when they need it at the appropriate time.
Mariette M.: Intuit is making a very big gesture to let all accountants know that an accountant can bring so much value to a self-employed. How are we going to prove that you? We're going to open it up to QBOA.
Peter Cullen: That's what Intuit can do as a thought leader, is to provide tools that firms like us need in order to provide better decisions to clients.
Mariette M.: We're going to be over 60 million self-employed by 2020. That's only four years away. That's a big piece of the pie, and I like big pieces of pie, so there you go.