Here's a look at what's new in QuickBooks Online in December 2021.
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QuickBooks Cash is Now QuickBooks Checking
QuickBooks Cash is now called QuickBooks Checking. The name change will start in mid-December.
QuickBooks Checking is an all-in-one business bank account.
The Latest Updates Include:
Digital wallet: Apple Pay® and Google Pay™ compatibility lets you pay with a tap using your mobile phone.
Mobile remote check deposit*: You can make deposits to your checking account with the QuickBooks mobile app by taking a picture of paper checks. Mobile remote check deposit will begin rolling out in coming weeks.
Read More on The QuickBooks Blog
QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank.*Limited availability for mobile remote check deposit. Offering coming soon.**Important offers, pricing details and disclaimers Apple® and Apple Pay® are registered trademarks of Apple Inc. Google Pay™ is a trademark of Google LLC.
Get Paid Upfront
Get Paid Upfront is a new invoice financing product from QuickBooks Capital offering financing options for businesses that cut down on the wait time to get paid on qualifying invoices.
Get Paid Upfront pays you up front on the invoiced amount, giving early access to invoices and accounts receivable. By paying 3% per financed invoice, business owners can also access credit up to $30,000. Financed invoices are interest free for 30 days interest free for 30 days, with no additional fees on ACH or credit card transactions when clients pay the invoices through QuickBooks Payments in the first 30 days.
This product is in beta and will be rolled out by the end of 2021.
Learn more about Increasing cash flow with Get Paid Upfront in QuickBooks Support
Onboard Employees to QuickBooks Time with Codes Instead of Invitations
Beginning in January 2022 admins will have the option to skip the individual invitations to get new employees in QuickBooks Time for time tracking and payroll and onboard them with a unique 6-digit or QR code instead.
How It Works:
New hires use a 6-digit or QR code to access timekeeping records.
Employees can start tracking time as soon as possible without waiting for the admin. since the code is unique to each company.
Admins can onboard multiple workers with a single code.
Admins don’t have to manually add each person with their contact information before sending out invitations.
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.