Keeping up With Your Numbers: 3 Updates on QuickBooks You Should Know
Accounting plays a fundamental role in all industries since it can make or mar the financial stability of various businesses. Large-scale corporations dedicate a significant portion of their resources to building a reliable accounting team, but advances in technology make it possible to streamline the process, reduce human errors, and boost productivity in more ways than one.
Offices are going paperless in this digitized world, so it’s no surprise that accounting is keeping up with the tides by embracing innovations like QuickBooks Online. It’s accounting software that can simplify the common accounting challenges in businesses - from handling the all-dreaded end-of-year taxes, invoicing, payroll, and more.
QuickBooks Online has skyrocketed in popularity through the years, and it’s showing no signs of slowing down as it released updates that are focused on making your work easier than ever. Here are the new features you should know:
1. Customizable Email Address For Easier Receipt And Bill Forwarding
No one thinks about forwarding receipts, but the simple task can quickly become tedious if you’re handling multiple clients or companies. The more recipients to add, the higher your chances of making an error, which can be a big inconvenience for you and the company.
With QuickBook’s newest update, customizing the email address is easier than ever, allowing you to tailor each receipt or bill to the right recipient.
2. Automated Invoice Approvals
Sending invoices can eat up plenty of time, especially if you’re doing it manually. Invoicing typically involves a mountain of paperwork - from making bank deposits, auditing invoices, and everything that happens between receiving an invoice until the final payment is recorded in the general ledger.
This leaves more room for mistakes, which can have costly consequences for your books. Fortunately, QuickBooks takes away the hassle by allowing you to approve invoices automatically. Not only does it save you the trouble of taking matters into your own hands, but it can make scaling easier, improve your accuracy, and boost the efficiency of your team’s workflow.
3. Improve Task Management
If you’re handling a big team and find it difficult to assign an endless stream of tasks, QuickBooks can simplify your management by automating the process. You can assign tasks to specific users in just a few clicks, making it significantly easier to manage remote teams, promote collaboration, and stay on top of everyone’s tasks.
4. Inventory Manager And Payroll Manager
Granting new employees access to the appropriate reports can be tricky, especially since there are different roles to consider for every designated data in your system. If you’re looking to speed up your task delegation, you can easily grant permission for two new roles: inventory manager and payroll manager.
The Bottom Line: Exploring What’s New With QuickBooks
QuickBooks Online is famous for taking the drudgery away from tedious tasks in your accounting, but the updates are pushing your convenience forward as it makes work easier, faster, and more accessible for different businesses.
Looking to stay on top of your books and manage your payroll more effectively? Our expert team offers bookkeeping services by QuickBooks Certified ProAdvisors in New York, so book an appointment with us today and see how we can improve your business.