QuickBooks Online new features and improvements – May 2021

QuickBooks Online new features and improvements – May 2021

Now that tax season is out of the way, you might be planning a much-needed vacation. Need some light poolside reading? You could grab a magazine or start that new novel – but if you ask us, there’s nothing more relaxing than reading about this month’s product updates (maybe we could use a vacation, too).

What’s new in May

Get insights on payroll status in QuickBooks Online Accountant

Contractor Payments add-on in QuickBooks Online Accountant

Stand-alone QuickBooks Online Payroll for firm-billed clients coming soon

Get insights on payroll status in QuickBooks Online Accountant

In a nutshell: Coming soon, a new dashboard in the Clients section of QuickBooks® Online Accountant will provide a centralized view of all your clients’ payroll activities – from setup to tax filings – without having to go to a client’s individual account to get the information.

Just go to Clients, then Payroll, and you’ll be able to:

  • Identify key areas, at a glance, that need your attention.
  • Spot changes and discrepancies faster in clients’ accounts (e.g., auto payroll changes, past-due tax payments), so that they remain compliant.

Contractor Payments add-on in QuickBooks Online Accountant

In a nutshell: QuickBooks Online customers who want to pay contractors with direct deposit will be able to add Contractor Payments to their subscription at the time of purchase.

Soon, you’ll be able to tell your clients that paying a contractor is as easy as paying an employee. With this new feature, more small businesses can pay their contractors with same-day direct deposit convenience and complete 1099 e-filing at no additional cost. This can be a great way to introduce QuickBooks Online Payroll to some of your  firm-billed clients who don’t have W-2 employees yet.

This new Contractor Payments add-on will start rolling out soon and be available to most accountants by the summer. Learn more

Stand-alone QuickBooks Online Payroll for firm-billed clients coming soon

In a nutshell: A new stand-alone QuickBooks Online Payroll option for firm-billed clients will allow you to add QuickBooks Online Payroll for clients without a QuickBooks Online subscription.

In the past, we bundled some of our products to offer you the best value and make your workflow easier. But, as more clients seek the freedom to pick and choose products and services, it can be challenging to expand your services if a QuickBooks Online subscription is required. With this new pricing structure, you’ll have the flexibility to accept new clients who might only want to run payroll. Additionally, if some of your payroll clients no longer need a QuickBooks Online subscription, you’ll still be able to run payroll for them.

Payroll pricing for firm-billed clients will be available to all accountants at the end of June 2021.