September 28, 2021
Read about what’s new in QuickBooks® Online this month.
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Improved chart of accounts for new QuickBooks Online customers
QuickBooks made improvements to the chart of accounts so that data searches are easier at tax time:
New chart of accounts structure based on business entity.
Smarter search functionality lets you search for accounts with your own keywords.
New “create new” account drawer has safeguards for business view customers to help avoid creating duplicate accounts.
This will be available by the end of October 2021. Learn more
Search enhancements for QuickBooks Desktop migrators
Improvements have been made to the search experience when migrating from Desktop to QuickBooks Online, making it easier to search across all imported data after migration.
New multi-company reports tab in QuickBooks Online Advanced
A new Multi-Co Reporting tab on the Reports page gives quicker access to company reports in Fathom.
Fathom lets you compare and consolidate data from those companies into one report if you manage multiple companies in QuickBooks Online Advanced. The new Multi-Co Reporting tab provides quick access to multi-company reports. Improvements to the user experience within Fathom also help you see the entire picture at a glance. See how it works
Add attachments to tasks in QuickBooks Online Advanced
QuickBooks created the ability to add attachments while assigning tasks.
Information related to the task could previously only be included by typing it in the notes section or sharing it outside of QuickBooks Online Advanced. Files can be added along with the tasks starting this month. How to use Tasks
Auto Payroll now supports multiple pay schedules
You can now use Auto Payroll to automate and process Payroll if you have employees on multiple pay schedules.
Auto Payroll initially supported clients with only one pay schedule, but it now supports multiple pay schedules. You can customize the frequency at which employees are paid.
You can view the status of employees and manage pay schedules on the Auto Payroll details page.
QuickBooks Online Payroll: Flexibility for employee tax settings
QuickBooks added options to make changes to employee tax information in QuickBooks without having to contact customer service.
Full-service payroll customers (Core/Premium/Elite) will now have more flexibility to:
Change an employee’s tax exemptions
Update an employee’s local tax settings
Go to an employee's withholding section and select Tax exemptions to change their tax exemptions. This will expand the section and give you options to choose from.
Go to an employee's tax withholding section and select Local taxes to update their local tax settings. Select the Edit location link if you don’t see the applicable local taxes.
Paycheck corrections in QuickBooks Online Payroll
All online payroll customers (Core, Premium, Elite) will have the option to void, delete, and edit prior paychecks if taxes have not been filed for that period in QuickBooks without having to call customer care by the end of October.
The adjusted paychecks will include the next steps to take to view tax liability changes and resolve overpayment or underpayment issues.
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.