QuickBooks Online New Features: Transforming Your Business Through Power and Innovation

QuickBooks Online New Features: Transforming Your Business Through Power and Innovation

Posted on November 1, 2016 by

QBOLogoAs you may already know and experience, QuickBooks Online (QBO) continues to defy the way we work, taking your business to the next level through the cloud and integrating with hundreds of powerful and amazing apps. As a result, you are able to experience solutions and data that simplify your life, allowing you to do what they do best: run your business and keep your clients and customers happy.

Because QBO is in the cloud, there aren’t any versions to download or install. Instead, the next time you open QBO, you may see something new or improved. Here are the latest changes:

Cash Flow Insights

You’ve probably heard this from me many times, but it’s so true: you must know your numbers and keep good books. What your bank account says doesn’t mean you are really making money. Not being able to differentiate between the two can hold you back from reaching your full potential and growing your business.

One new QBO feature to save the day is cash flow insights. With this enhancement, you can actually see, through a single click, if you are making money. By connecting all your accounts, you will see an immediate picture of all your income and expenses, with insight into how, and why, you’ve generated this data and the effect on your business. You’ll notice the value of cash flow insights in the QBO setup, as well as whenever you use the P&L dashboard card.

Invoice Tracking

We all know that the process of getting paid can make us stressful and paranoid. Not only do we need A/R to survive and thrive, but we also want to get validation for our hard work and be able to trust our clients and customers. Yet, some of us are afraid to reach out and ask about the money, worried that it might touch a nerve or come across a certain way.

QBO’s new invoice tracking feature allows you to instantly see the status of any invoice. Thanks to new data filters that allow you to search for any data-related billing expenses at any time, you can figure out if an invoice has been sent, viewed by your client or paid.

First-Time User? QBO Eases You Into Getting Things Done

At Sound Business Services, we still have many clients who use QuickBooks Desktop. While I know that still works well for you and your business, I want you to consider making the leap of faith to QBO. I know “change” is scary, but you are leaving some huge cloud-based advantages behind by not making this change. Here are some of the new first-time user benefits:

  • Quicker Setup: There are now fewer fields to fill out, as well as a quicker way to connect to your bank, directly from the setup interview.
  • P&L Accurately, When You Desire: Building on cash flow insights, you are now able to see your profit and loss in real time through a snapshot on your homepage. This new, more powerful depiction of your business’ current footing allows you to get the information and data you need at your fingertips.
  • Categorized Bank Feeds: Bank feeds are now being placed in categories to make your experience simpler and better. For example, multiple transactions from the same vendor can now be reviewed one at a time, or as an entire batch to accept all. In addition, QBO users can see their progress because the Income and Expense bars fill in the necessary information when each transaction is categorized.

We Will Help You the Entire Time

As you can see, these significant features in QBO give you great insights and accurate information at your fingertips that you can take to elevate your business to the next level.

Whether you are just starting out on QBO, learning the ropes or already invested, we will help guide you through every step on the path toward improving your business exponentially. From installing the software to a smooth transition in transferring data, to making key business decisions, we want to help.

Contact us today to get started or learn more. You’ll be experiencing untapped potential that makes your life – and your business – simpler and stronger.

Let us help you transform your business and simplify your accounting.
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