Intuit® unveiled accountant-specific innovations at this year's seventh annual virtual QuickBooks® Connect event, held November 3rd for businesses and November 4th is for accounting professionals.
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Innovations from QuickBooks Connect 2021:
QuickBooks ProAdvisor Revenue Share Program
This new program expands the ProAdvisor Preferred Pricing program. Instead of adding a client through QuickBooks Online Accountant (QBOA) and paying for their QBO account, accounting professionals can choose revenue share as the billing option when they start a new QBO or QBO Payroll subscription. The clients will pay Intuit each month, and the accounting professional will receive 30% of the billed price for the following 12 months.
The ProAdvisor Preferred Pricing program will continue to be supported. Only QBOA primary admins will be able to enroll on behalf of their firm, and not all QuickBooks Online Accountant (QBOA) firms will be eligible/able to participate. Those interested can fill out Intuit's QuickBooks ProAdvisor revenue share interest form and will be contacted with more information if they're eligible.
Books Review and Transaction Collaboration
Month-End Review is located inside QuickBooks Online Accountant and automatically identifies and helps resolve incomplete transactions, unreconciled accounts, and other bookkeeping issues. It was first introduced last year and is Intuit’s fastest ever adopted accounting feature. It has been re-named as Books Review and adapted so that it can be applied to more processes outside the monthly window. Book Review's new capabilities include Bookkeeping Setup - makes it easier to make adjustments to the opening balance and sort out issues like disconnected bank accounts and redundant accounts on the chart of accounts all in one place. Previously there was no industry standard correctly setting up books.
Bookkeeping Wrap-up - allows accountants to prepare tailored report packages they can edit, customize and send to clients within QBOA, providing insight into the client’s business and serving as a tangible work deliverable.
Transaction Collaboration - addresses getting missing information from clients. Accountants will be able to request and receive information from clients inside of QBOA. This feature is coming soon.
QuickBooks Online Advanced App for Windows
Accountants will now have access to the QBO Advanced app for Windows for free.
The QuickBooks Online Advanced app for Windows is a free add-on for all QuickBooks Online Advanced subscribers or accountants with QuickBooks Online Accountant, available for download with feature and performance improvements. The app has smarter navigation and enhancements to speed up your workflow, and is stabilized for power users using QuickBooks Online spending several hours on QuickBooks Online weekly, with multi-tab and company switcher features.
Using the desktop app instead of using QuickBooks Online in your browser allows you to stay signed in; gives you the option to use a navigation map similar to QuickBooks Desktop if you migrated your Desktop account to QuickBooks Online Advanced; and lets you access multiple companies at the same time, switching between them without reloading each one. Learn more
ProAdvisor QuickBooks Online Payroll Certification
The recently introduced QuickBooks Online Payroll Certification helps accountants with live and on-demand product and compliance training. They can take the certification prep course and the exam to become certified.
Along with the new certification exam, there are two self-paced payroll training courses, The QuickBooks Online Payroll course and The Payroll Specialist Fundamentals course.
While only QuickBooks Online Certified ProAdvisor's will be able to access the certification preparation courses to take the exam, anyone with QuickBooks Online Accountant can view the courses.
ProAdvisor Support Improvements
Four focus areas for improving ProAdvisor Support include:
Decreasing wait times
Connecting ProAdvisors to knowledgeable agents
Routing calls to the correct agents
Hiring more U.S.-based agents
100% of ProAdvisor support for Elite and Platinum ProAdvisors are already located in the United States. All Gold ProAdvisors will have U.S.-based support by December, and Silver members will have it by early next year.
You can find more details on FIRM OF THE FUTURE and visit the QuickBooks Connect website for information and on-demand webinars.
Sources & Disclosures
Some content and images adapted from Intuit / QuickBooks source materials, including support websites; QuickBooks Blog; Firm of the Future, & Intuit Developer Blog. Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.