How to Upload Changes to Transactions in Quickbooks Online

It's fourth dimension to celebrate the season of frights with good old-fashioned spooks, treats, and costumed shrieks. Plus, to sweeten things up, nosotros've added some product updates this month.

New! Share QuickBooks® updates with your clients – send them this link for QuickBooks Innovations.

What's new in Oct

Matching receipts to reviewable bank transactions on QuickBooks Online

Changes to Intuit Online Payroll/Intuit® Full Service Payroll subscription

QuickBooks Online Auditor Prep for Taxes

Payment links in QuickBooks Desktop

QuickBooks Enterprise with cloud access

Import data straight to ProConnect Revenue enhancement via QuickBooks Online Accountant

Assign and manage your team in ProConnect Revenue enhancement via QuickBooks Online Auditor

Simplify payroll tasks: Add Intuit as your 3rd-Party Agent

Matching receipts to reviewable bank transactions on QuickBooks Online

In a nutshell: It's now possible to review both bank transactions and their respective receipts at the same fourth dimension on the banking For Review folio.

We're not fans of duplicative tasks, so we decided to eliminate i while reviewing transactions. You can now simultaneously review bank transactions and the suggested matching receipt without toggling back and along betwixt the cyberbanking and receipt pages.

Here's how it works:

• If the suggested receipt is the correct 1, simply add your bank transactions into QuickBooks Online – with the receipt attached – in simply one step.
• If the suggested receipt is incorrect, remove the receipt from the bank transaction, and it volition remain in the For Review section of the receipt tab.

Changes to Intuit Online Payroll/Intuit Full Service Payroll subscription

In a nutshell: We're retiring Intuit Online Payroll and Intuit Full Service Payroll. Your transition to QuickBooks Online Payroll provides access to more features and automation, saving you more time.

We work hard to make our transitions seamless, and this one will exist no unlike. When you lot transition to a standalone QuickBooks Online Payroll service, all current payroll data, including reports, notes, and alerts, will remain unchanged.

When

• The voluntary transition period will exist from November 2021 through May 2022.
• In June 2022, those who take not notwithstanding transitioned will be automatically switched over to QuickBooks Online Payroll.

Why

• QuickBooks Online Payroll provides a modern experience with more than features, automation, fourth dimension savings, and meliorate ongoing development support.
• Includes free access to QuickBooks Online Accountant, so that you can easily manage clients' QuickBooks Online Payroll accounts.

Pricing

After the transition is consummate, you and your clients will movement to Intuit's ProAdvisor® Preferred Pricing, offering simplified billing and all-time-in-class discounts.

Learn more about transitioning your clients.

QuickBooks Online Accountant Prep for Taxes

In a nutshell: QuickBooks Online Auditor Prep for Taxes saves y'all time by speeding up the books-to-taxation process. This characteristic automatically exports income, deductions, and estimated tax payment balances from QuickBooks Online Accountant to your client'due south business concern tax return, making Schedule C or 1120S tax filings a breeze.

Streamline your bookkeeping and tax work all in ane identify

• View your client's turn a profit and loss statement and rest canvass on a single screen, so you tin easily prepare financial statements.
• Place errors, make quick changes straight to customer books, and automatically map data to tax forms.
• Consign balances to new or existing returns in ProConnect Taxation, or as a CSV file.

Learn more

Payment links in QuickBooks Desktop

In a nutshell: Take advantage of a new QuickBooks Desktop payment tool that lets yous share a payment link with clients, making online payments quicker and easier.

We sympathise in that location'south a lot of consulting y'all do on an advert hoc ground, and that some billable jobs might not need an invoice. Payment links are ideal for keeping y'all on rails. With but minimal information, y'all can easily create a "Pay now" link that can be sent out via text or email. Your clients follow that link to a secure site and submit payment.

• Collect fees for initial consultations, accelerate deposits, and payments not requiring an invoice.
• Track all payment links sent, check the status, and send reminders – all from one identify.

Learn more and start using payment links today.

QuickBooks Enterprise with cloud access

In a nutshell: QuickBooks Enterprise with deject admission lets yous collaborate and work seamlessly with your remote squad. Information technology protects your business data with automated backups.

While we all redesign the futurity of piece of work – from home or on the road – one matter'southward certain: The work yet needs to be done. Deject access for QuickBooks Enterprise provides flexibility and security, so you can do business anytime, anywhere.

Multi-users beyond multiple locations: Boost productivity with the liberty to simultaneously runway inventory, process payments, and update your books from unlike locations.

Reliable and secure: 24/7 network availability. Redundant infrastructure offers secure data handling to avoid whatever reanimation.

Automatic, daily backups: All backup files are encrypted and kept safely, so y'all don't accept to worry about deleted or misplaced data.

Sized right for your concern: Pick and cull what works best for you, with unlike options and cost-efficient plans.

Learn more virtually cloud hosting.

Import information directly to ProConnect Revenue enhancement via QuickBooks Online Auditor

In a nutshell: Importing data into your customer's render just got easier. You tin can now elevate and drop client tax documents from your computer into ProConnect Tax.

This timely update for the upcoming tax season allows you to upload documents directly into ProConnect Revenue enhancement, regardless of how your client delivered them. No manual data entry or link request is required.

• Import popular taxation forms similar W-2, 1099-DIV, 1099-G, 1099-INT, 1099-Misc, 1099-R, 1098s, and more.
• Keep all your imports and client source documents organized with the new data import drawer. There'south a place for Schedule D, Depreciation, and G-1 imports, too.

Look for the lightning icon (conveniently located inside your customer's return) or the import information drawer to get started.

Acquire more

Assign and manage your team in ProConnect Taxation via QuickBooks Online Accountant

In a nutshell: Now, you can assign client returns to team members, then reassign the return every bit it changes hands within your firm, until the return is complete.

This new characteristic, also available through QuickBooks Online Accountant, gives you control when assigning users to returns. You tin can meet who is currently working on which return and assign different users as the return progresses. In addition, you can monitor render condition and filter by assigned staff members in the Tax Hub to keep tabs on team workloads.

Larn more

Simplify payroll tasks: Add Intuit as your Tertiary-Party Agent

In a nutshell: You tin can simplify payroll tasks by enrolling your clients in electronic payment services and adding Intuit as your Third-Political party Agent (TPA), or by granting Intuit Power of Attorney (POA) privileges.

The impact of the pandemic is still being felt past many businesses, and tax rates go on to change at irregular intervals. By adding Intuit as your Tertiary-Party Agent/Power of Attorney, yous tin can exist amend prepared and avoid incorrect payments and filings for your clients.

How will adding Intuit as a Tertiary-Party Agent/Power of Chaser help your business?

Adding Intuit as your TPA/POA will increment tax payment and filing accurateness. It besides reduces the time spent validating client state tax data, including tax rates and state account ID numbers.

Which states require TPA/POA for Intuit to validate land tax information?

• To validate unemployment rates and state identification numbers for Arizona, Illinois, Nevada, North Dakota, Oregon, South Dakota, Tennessee, and Texas, grant Intuit Ability of Attorney
• To validate unemployment rates and country identification numbers for Arizona, District of Columbia, Florida, Hawaii, Maryland, Massachusetts, Michigan, Minnesota, New United mexican states, and South Carolina, grant Intuit Third-Party Agent

What steps do I accept to add Intuit as my TPA/POA?

If you haven't already completed a TPA or POA authorisation for united states listed above, visit the agency'south website for directions on granting payroll access to a tertiary party. For online payroll customers, add PayCycle Inc. when assigning these privileges to Intuit. For QuickBooks Assisted Payroll customers, add Computing Resources Inc. when assigning these privileges to Intuit. Use 6884 Sierra Center Parkway, Reno, NV, 89511 as Intuit's address, if requested.

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Source: https://www.firmofthefuture.com/content/quickbooks-online-new-features-and-improvements-october-2021/

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