QuickBooks Online new features and improvements – May 2019

QuickBooks Online new features and improvements – May 2019

With tax season in the rearview, you might have some extra time on your hands.

What better way to spend it than by catching up on your reading?

Our rundown of this month’s QuickBooks® Online updates has everything you need to decompress—short chapters, plenty of pictures, and a twist you’ll never see coming (spoiler: the debit and credit were separated at birth).

What’s new in May

Client training guides available to all ProAdvisors®

Next-day deposits for new QuickBooks Online Payments customers

QuickBooks Sales Tax for cash-basis clients

New! Get clients up to speed with QuickBooks Online training guides

In a nutshell: One of the hardest parts of adding clients is finding the time to onboard them. With our new QuickBooks Online training guides, you can keep clients in the know without disrupting your schedule.

We now offer a range of easily digestible decks written by Certified ProAdvisors. Get new clients started on the right foot with QuickBooks Online, and educate existing clients on the latest features.

How it works: To access client training guides, head into the ProAdvisor tab of QuickBooks Online Accountant.

The guides are numbered from beginner to more advanced topics. When onboarding brand-new users, for instance, share our introductory guide.

For more experienced clients, you’ll find guides on narrower topics, such as reporting and transactions.

Each guide comes loaded with helpful definitions, screenshots, and step-by-step instructions.

Your clients can download and print guides for easy reference, giving them confidence without costing you crucial time.

New! Next-day deposits free up timely cash for your clients

In a nutshell: It’s never fun waiting for money to come in. For small business owners—with payroll looming, vendors waiting, and repairs nagging—it can be downright crippling. We’re thrilled to announce that your clients have less time to wait than ever.

QuickBooks Online Payments customers—including brand-new ones—will now have credit and debit card transactions deposited in their bank account on the next business day. We’ll also offer next-day deposits on bank transfers for eligible customers once we get to know them.

How it works: New Payments customers will be prompted to set up next-day deposits when they sign up. They can get paid online through the invoice, over the phone, or in person.

A few weeks after signing up, eligible clients will receive an email letting them know they’re ready to accept next-day deposits on bank transfers, as well.

 

For complete details on eligibility, fees, and more, check out our next-day deposit FAQs.

New! Auto-calculated sales tax for your cash-basis clients

In a nutshell: Ah, the eternal mysteries of life. Are we alone in the universe? What happened on the grassy knoll? How can I ensure clients calculate the right sales tax?

Well, at least you can check off the last one. QuickBooks Sales Tax is now available to all your clients—including those on a cash basis. We track thousands of sales tax laws and automatically add the correct amount to your clients’ invoices, so you both have one less mystery to solve.

How it works: Sales Tax can be set up directly through an invoice, or through the Taxes tab in your client’s QuickBooks Online.

Answer a few questions about what your client sells, and where, and you’re all set.

Once a taxable product is added to an invoice, we’ll automatically calculate sales tax based on the location, product, and customer.

To see or edit the details of the calculation, select the Sales tax drawer.

There’s more good news: Clients who use Sales Tax can also e-file and pay those taxes through QuickBooks, as long as their state supports e-filing.

Learn more about which states support e-filing and how to set up and use QuickBooks Sales Tax.

That’s all for now, folks.

Until next time, as always, keep your feet on the ground…and your books in the cloud.