Discover the Latest Updates in QuickBooks Online – December 2024

As we approach the end of 2024, it’s time to gear up for year-end business planning and wrap up unfinished tasks. This season, many business owners and accountants look for tools and updates that streamline their work. QuickBooks Online has rolled out exciting new features to help businesses and accountants work smarter and more efficiently. Here's everything you need to know about these updates and how they can benefit your business.

What’s New in QuickBooks Online

1. Enhanced Project and Task Management

QuickBooks Online Accountant’s Work tab now offers:

• Improved sorting and filtering options for faster task organization.
• A refreshed layout for easier project and task setup.
• Added functionality to manage standalone tasks unrelated to projects.

These updates are designed to simplify workflows and ensure you can manage projects and deadlines in one place.

2. Simplified 1099 Filing

Managing 1099s is easier than ever with these updates:

• Combined Federal/State Filing: Submit 1099s to both federal and participating state agencies in one step.
• Automated 1099s: Auto-populate forms using QuickBooks vendor data, saving you time and reducing errors.

3. Business Tax Support for Self-Filers

QuickBooks Live Business Tax now offers enhanced resources for accountant-attached users, including year-end filing tools and seamless books-to-tax features. Transparency is key, and these updates ensure that clients have the support they need while respecting their existing accountant relationships.

4. Bill Pay Enhancements

QuickBooks Bill Pay now offers:

• Flexible billing options, allowing firms or clients to choose who pays for the subscription.
• Discounts for both accountants and clients to help save on transaction fees and subscriptions.

5. Intuit Assist Automation

Intuit Assist introduces features to save time and increase productivity, including:

• Automated bill and receipt entry from uploads or emails.
• Simplified invoice and estimate creation using uploaded documents or notes.
• A Business Feed to highlight invoices, bills, and tasks that need attention, streamlining accounts receivable and payable management.

6. Improved Tax Return Reviews in ProConnect Tax

For firms with multiple reviewers, ProConnect Tax now includes a checkmark system to:

• Track reviewed values in tax returns.
• Highlight changes since the last review.
• Display the original value alongside changes for added transparency.

7. Better Invoicing Features in QuickBooks Payments

Over 80 new invoicing features have been added based on user feedback, including:

• Tax rate adjustments and grouped billable expenses.
• Template customization and formatting options.
• Keyboard shortcuts and autosave functionality for improved efficiency.

Why These Updates Matter

QuickBooks Online continues to evolve to meet the needs of businesses and accountants. From automating tedious tasks to improving collaboration tools, these features are designed to save time and enhance productivity. 

Ready to explore these features?
See pricing and more information on QuickBooks Online here!

With these updates, QuickBooks Online ensures that you can focus on what truly matters—growing your business.

Stay ahead. Stay productive. Stay QuickBooks.