As you may have heard on Groundhog Day this year, lovable marmot Punxsutawney Phil saw his shadow. That means we’ll get six more weeks of winter. Grab a warm cup of coffee or tea, and check out this month’s updates.
New! Register today for the next In The Know Webinar on Thursday, Feb. 16 at 11 am, PT, a monthly webinar for accountants to learn more about the latest and greatest product feature updates. Reserve your spot
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What’s new in February
QuickBooks Online Product Training & Certification Bootcamp
Migration to QuickBooks Online now includes more payroll data
How to help clients who use QuickBooks Desktop 2020 before it’s discontinued in May 2023
Account roll-ups in QuickBooks Online Advanced reports
Accountants’ “NSF hold” status will no longer affect clients
QuickBooks Online Product Training & Certification Bootcamp
In a nutshell: Returning this month by popular demand is the FREE QuickBooks Online Product Training and Certification Bootcamp!
From Feb. 28 – March 2, 2023, join QuickBooks product experts for this in-depth, three-day virtual bootcamp. The event is designed to help you learn about QuickBooks Online, QuickBooks Online Advanced, and QuickBooks Online Payroll through engaging and informative sessions and keynotes.
By the end of the bootcamp, you’ll be thoroughly prepared for your QuickBooks Certification exams. Plus, you’ll have plenty of opportunities to network virtually with peers and trainers, chat live with QuickBooks experts, and earn free continuing professional education credits. Register today
Migration to QuickBooks Online now includes more payroll data
In a nutshell: Starting this month, an enhancement to the migration process from QuickBooks Desktop will help your QuickBooks Payroll clients migrate their bank connection and direct deposit limits from Desktop to Online.
Your clients using direct deposit service on Desktop Payroll can pay their employees in QuickBooks Online Payroll without interruption after migration, with no manual setup required.
How to help clients using QuickBooks Desktop 2020 before it’s discontinued in May 2023
In a nutshell: If you have clients who are using QuickBooks Desktop 2020, this software will be discontinued on May 31, 2023. You may have recently received an email from the QuickBooks team with a list of your clients to whom this change applies.
You can help these clients avoid the headache of using an unsupported product by migrating them to QuickBooks Online, a process that is now easier than ever. Moving to Online will get them all the benefits of working in a cloud-based system, such as saving time by automating more routine tasks and working from anywhere with up-to-the-minute data.* In fact, 94% of accountants wish they had switched their QuickBooks Desktop clients to QuickBooks Online sooner.1
To help you start migration conversations with your clients, move their data, and complete their onboarding, check out the QuickBooks Online Migration Toolkit.
Alternatively, to save you and your clients time, we have accountant experts standing by, ready to migrate your clients’ data to QuickBooks Online.* We’ll help you move as many clients as you’d like from any version of QuickBooks Desktop to QuickBooks Online. To get started, call 800-459-5183, Monday through Friday, 8 am – 8 pm, ET.
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Important pricing details and product information
* Features
Anytime, anywhere access: QuickBooks Online requires a computer with a supported browser (see System Requirements for a list of supported browsers) and an Internet connection (high-speed recommended).
Free assisted migration from QuickBooks Desktop Pro, Premier, Mac, or Plus (“Desktop”) to QuickBooks Online Simple Start, Essentials, Plus, or Advanced (“QuickBooks Online”), or QuickBooks Desktop Payroll, Payments, or Time to QuickBooks Online Payroll, Payments, or Time is available to customers who sign up to migrate to QuickBooks Online or until July 17, 2023 and subject to capacity. Customers must initiate migration by July 31, 2023. The offer is eligible to Desktop customers that are migrating their Desktop data to QuickBooks Online. Assisted migration is limited to a 1-hour session with a customer success product expert. Intuit reserves the right to limit the number of sessions and the length and scope of each session. Results may vary based on business complexity and file size. Terms and conditions, features, support, pricing, and service options subject to change without notice.
1Claims: Based on Intuit survey Jan 2022, amongst remunerated QuickBooks Online users who expressed an opinion, when they compared QuickBooks Online to their prior QuickBooks Desktop Pro, Pro Plus, Premier, Premier Plus or Mac Plus products. Survey did not include Enterprise customers.
Account roll-ups in QuickBooks Online Advanced reports
In a nutshell: Soon, your clients using Custom Reports Builder in QuickBooks Online Advanced will be able to create reports that better reflect their company’s accounting structure. That’s because they’ll be able to group data by columns that include built-in hierarchies—for example, accounts, customers, products, and more.
These reports will be more familiar and easier to review for your clients on Advanced, as the information will reflect the same hierarchy they already use throughout QuickBooks. Learn more
Accountants’ “NSF hold” status will no longer affect clients
In a nutshell: If you use a wholesale account for QuickBooks Online Payroll and you have a non-sufficient funds (NSF) hold on your account, this will no longer impact your clients. Your clients’ businesses can continue to run payroll, pay taxes, and use their account with no added confusion or stress.
This update helps payroll accounts work as expected for businesses, with no negative impacts from an accountant’s NSF hold. However, please note that a business may experience delays if its own account has an NSF hold in place.
Original article from the Firm of the Future Blog.
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