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In the last month, QuickBooks Online has introduced several updates that focus on user experience improvements, payroll, and enhanced reporting: Left Navigation Update: QuickBooks consolidated its navigation menu, making it easier for users to locate tools and features quickly. This change is especially helpful for users who frequently navigate between invoicing, reporting, and banking sections. Automated Payroll Tax Withdrawals: A significant update for QuickBooks Online Payroll subscribers started on October 1, 2024. Payroll taxes are now withdrawn automatically every time payroll is processed or when there are changes in owed amounts. This shift helps ensure taxes are timely and accurately managed, especially for users in specific states like California, Texas, and Georgia. It also lets users view upcoming and past withdrawals in the Payroll Tax Center, providing better transparency. QuickBooks Money Enhancements: QuickBooks Money has seen improvements, including updates to banking and payment processes, which make it easier to manage financial transactions directly from the QuickBooks platform. For businesses with Chase bank accounts, there’s an enhanced connection feature, streamlining data sync and account reconnection processes. Financial Management for Advanced Plans: For users on QuickBooks Online Advanced, the new reporting and budgeting features provide a more streamlined approach to balance sheet management and fixed asset accounting, helping users make more informed financial decisions. These recent changes aim to simplify daily accounting and payroll tasks, helping businesses stay compliant and efficient. For a full overview, you can explore the QuickBooks product update section on Intuit’s site. https://lnkd.in/g4Yw5cPk #Bookkeeping #Accounting #SmallBusinessAccounting #BookkeepingTips #BookkeepingServices #CloudAccounting #FinanceTips #FinancialLiteracy #MoneyManagement #CashFlow #Budgeting #Payroll #QuickBooks #QuickBooksProAdvisor #Xero #ZohoBooks #AccountingSoftware #Invoicing #BusinessTips #Entrepreneurship #BusinessGrowth #SMB (Small to Medium Business) #SmallBizOwner #TaxSeason #ExpenseTracking #BookkeeperLife #VirtualBookkeeping

What is Delayed Credit in QuickBooks Online & How to Create One?

What is Delayed Credit in QuickBooks Online & How to Create One?

How to Set up Company Information in QuickBooks Online 

Skills learnt about Quickbooks: About the software , its features and its uses. It was a quite helpful session with Harika Uppala to know and learn about basic features of QuickBooks and opening an account on its software. Before this i have no idea about US Bookkeeping system. Now after the session i have some idea about 1:The purpose of Quickbooks as accounting software. 2:Understanding the basic features and functionalities of Quickbooks like Audit log ,Pay roll , consolidation of various business transactions. 3: I came to know about how Quickbooks can streamline the inventory management, automate transactions, budgeting and forecasting financial tasks for businesses in this software. Hope for many more successful sessions in future and to be a good practitioner of QuickBooks to be more connected into US accounting and bookkeeping. Harika Uppala Adv.Jyotica Sharma Chinaza Ukadike Abhijeet Tiwari

Discover How to Pay Vendors in QuickBooks Online in 2024: Managing your vendor payments is made easier with QuickBooks Online. It provides two methods for controlling how to pay vendors in QuickBooks Online Select whether to schedule payments ahead of time to guarantee on-time payments and satisfied suppliers, or record payments as soon as you receive an invoice. While scheduling automates payments for ongoing spending, recording payments is best for one-time purchases. For a fully automated workflow that saves you time and streamlines the procedure, QuickBooks Online even interacts with its payment tool, QuickBooks Bill Pay. This flexibility makes it possible for you to identify the approach that best meets your company's requirements, preserving your vendor connections and cash flow. For more information click here: https://lnkd.in/eARgEgSe

What is Delayed Credit in QuickBooks Online & How to Create One?

What is Delayed Credit in QuickBooks Online & How to Create One?

Pro QuickBooks Online Tip For Contractors When adding new vendors to QuickBooks Online be sure to add the following pieces of information to make 1099 time WAY easier: - The full mailing address - The vendor's tax id number (i.e. EIN or SSN) - The vendor's business name - An email address for the main point of contact Having this information filled out for each vendor you add to QuickBooks Online will significantly cut down on the time it takes to process 1099s at the end of the year. You can even set it up so that QuickBooks Online sends and/or prints the 1099s for you. How exciting! 😁 Shoot me a message if you want help with creating streamlined accounting processes or if you want to save time and offload your accounting to our construction accounting team.