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QuickBooks Product Updates & News Articles

QuickBooks® Online new features and improvements – August 2022

By August 8, 2022September 5th, 2022No Comments

As summer draws to a close, we’re still carving out more time for paperbacks and less time on paperwork! Now that’s something to celebrate with this month’s upgrades.

What’s new in August 

Employee opt-in for paperless in QuickBooks Online Payroll

Bitcoin buy, sell, and hold capability in QuickBooks

Intuit® Practice Management new feature: File management

Employee opt-in for paperless in QuickBooks Online Payroll

While employees can access their W-2 digitally in Workforce, employers are still required to mail their employees a paper version. This new feature allows employees to opt out of getting a paper W-2 mailed.

To opt out of getting paper W-2s, employees can navigate to the Workforce W-2 tab and change their preferences.

Bitcoin buy, sell, hold capability in QuickBooks Online

Starting in mid-July, eligible QuickBooks Checking customers were given early access to the opportunity to buy, sell, and hold Bitcoin through their Cash Flow page in QuickBooks**. Now eligible customers can see their Bitcoin holdings, purchased with QuickBooks Checking, right in QuickBooks. We anticipate making this product available to additional QuickBooks Checking customers in the upcoming months.

Screen Image simulated

QuickBooks and Intuit are a technology company, not a virtual currency business or a bank. Banking services provided by our partner, Green Dot Bank. Virtual currency accounts and services are provided by NYDIG Execution LLC (“NYDIG”), not Green Dot Bank, are not FDIC insured and are not bank guaranteed.

Learn more about crypto and check out the FAQs here.

Intuit Practice Management new feature:

File management 

Connect your document management system to Intuit Practice Management and oversee client work files, access documents from multiple places, and automate file administration from a single source of truth.

  • Your workflow and documents, together: Share, save, and organize your files right from Karbon.
  • Connect your document management system (DMS): Seamlessly integrate Intuit Practice Management and Dropbox or OneDrive with future DMS integrations.
  • Automate file organization and backups: Link your work items with a new or existing DMS folder for automatic and organized storage outside of Intuit Practice Management.
  • Save your files where you need them: Quickly copy work data from Intuit Practice Management, including email, notes, and client tasks, and keep everything in sync with your DMS.
  • Collaborate on files: Share links to DMS files and folders in your Intuit Practice Management notes, comments, and emails.

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**Product Information

QuickBooks Checking Account opening is subject to identity verification and approval by Green Dot Bank.

QuickBooks Payments: Payments’ Merchant Agreement applies. QuickBooks Payments account subject to credit and application approval. Subscription to QuickBooks Online required. Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services.

QuickBooks Checking account: Banking services provided by and the QuickBooks Visa® Debit Card is issued by Green Dot Bank, Member FDIC, pursuant to license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. Green Dot Bank operates under the following registered trade names: GoBank, GO2bank and Bonneville Bank. Registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. Green Dot is a registered trademark of Green Dot Corporation. ©2022 Green Dot Corporation. All rights reserved. QuickBooks products and services, including Instant Deposit, QuickBooks Payments, Cash flow planning / forecasting are not provided by Green Dot Bank.

**Bitcoin execution and custody services are provided by NYDIG Execution LLC (“NYDIG”). Your Bitcoin Buy/Sell/Hold Account and services are provided by NYDIG, not Green Dot Bank or Intuit. NYDIG is authorized by the New York State Department of Financial Services to engage in virtual currency business activity. To receive bitcoin services you must open an account with NYDIG in which your bitcoin will be held (the “NYDIG Account”). Please refer to NYDIG’s Terms and Conditions for more information, including applicable eligibility criteria. Bitcoin balances in your NYDIG Account are not bank guaranteed or insured by the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other public or private insurer. NYDIG and Intuit do not make any recommendations regarding buying or selling bitcoin. The price and liquidity of Bitcoin has been subject to large fluctuations in the past and may be subject to large fluctuations in the future. The risk of loss in trading Bitcoin may be substantial and losses may occur over a short period of time. You should consult your financial advisor, legal, and/or tax professional regarding your specific situation and financial condition and carefully consider whether trading or holding Bitcoin is suitable for you. See terms.

 

Original article from the Firm of the Future Blog. 

To learn more Schedule Time for a consultation or call (617) 332-8522.