3000+ Accounting Pros Attend Live QB Connect Conference in Vegas: Intuit Announces Big New Features – CPAPracticeAdvisor.com
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Accounting & Audit
In-person for the first time since 2019, more than 3,000 accountants, bookkeepers, and developers joined the company at sold-out QuickBooks Connect to build relationships, be …
Dec. 08, 2022
Tax and accounting software maker Intuit has announced new innovations to QuickBooks that are designed to drive accountant and small business success at its ninth annual QuickBooks Connect conference in Las Vegas.
In-person for the first time since 2019, more than 3,000 accountants, bookkeepers, and developers joined the company at sold-out QuickBooks Connect to build relationships, be inspired, and learn about the latest offerings from Intuit QuickBooks, the world’s leading financial technology platform that helps more than 8 million small and mid-sized businesses start up and scale up.
“We’re thrilled to be back together in-person at QuickBooks Connect with our most valued partners,” said Jeremy Sulzmann, vice president and general manager of the Partners Segment Business at Intuit QuickBooks. “This year, we reimagined our event to focus solely on accounting professionals, solution providers, and third-party developers – all of whom share our mission to help small businesses succeed. The ability to gather as a community and showcase our latest product innovations that will help our partners and their clients grow is truly special.”
New innovations highlighted at QuickBooks Connect include:
QuickBooks Commerce Accounting
A 2021 Intuit survey of U.S. product-based businesses found 84% used a combination of pen and paper, and spreadsheets to manage inventory – spending 80 to 90 hours per month on this task. With Commerce Accounting, QuickBooks allows these businesses and their accountants to save time, increase accuracy, get powerful insights, and improve financial performance.
Commerce Accounting seamlessly connects sales channels such as Amazon, Shopify, and eBay to QuickBooks, automatically bringing in orders and matching sales and fees with bank deposits to reduce the need for manual data entry. Soon, additional commerce accounting and operations capabilities such as accurately tracking inventory, cost of goods sold, performing stocktakes, and tracking sales orders across all sales channels in one consolidated dashboard also will be available. These real-time data insights on order and fulfillment status, inventory levels, top selling products and channels, and more will allow product-based business owners and their accountants to make strategic business decisions and optimize sales to build successful e-commerce businesses.
Mid-Market Solutions
QuickBooks serves the mid-market with advanced accounting capabilities, automated workflows, and deep integrations to third-party applications to create efficiencies and meet the needs of these more complex businesses.
To meet the unique needs of these growing businesses, QuickBooks has introduced new integrations and features. This includes Spreadsheet Sync, which enables two-way syncing with Excel to help customers streamline their reporting processes and enter data in bulk, and the Custom Report Builder with Chart View, which can help create clear explanations of key performance indicators. Revenue Recognition and Project Estimates vs. Actuals were also introduced to help increase efficiencies for accountants and business owners.
QuickBooks Workforce Solutions
QuickBooks Workforce Solutions is evolving to provide a complete Human Resources Information System (HRIS) platform for employers so they can easily manage each employee’s employment journey as well as their increasingly complex HR needs. New capabilities coming within QuickBooks Workforce Solutions that will broaden its HRIS functionality to serve small and mid-market businesses include:
QuickBooks Online Accountant
Providing the one place accountants and bookkeepers need to grow their practice and scale their impact across clients and services, QuickBooks Online Accountant (QBOA) helps accountants increase efficiency through streamlined and standardized workflows.
Key new features within QBOA include:
QuickBooks ProAdvisor Program
Celebrating the 25th anniversary of the program, Intuit unveiled a fully redesigned training portal created to meet the knowledge needs of the more than 600,000 active QuickBooks ProAdvisors worldwide. With a broad spectrum of training, education, and certifications, the new portal, first available for ProAdvisors in the U.S., makes it even easier to identify and find trainings that ProAdvisors need to grow their skills and knowledge as well as create personalized goals and learning paths. New content will be added on an ongoing basis to help ProAdvisors grow skills and knowledge across the QuickBooks platform and accounting industry as a whole.
To learn more about how the QuickBooks Online platform is helping accounting professionals and small businesses thrive, visit QuickBooks.com.
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Photo credit: Alex Chriss, GM of the Small Business & Self Employed Group, @Intuit, . Home to @QuickBooks and @Mailchimp
Alex Chriss @acce
Accounting & Audit
Accounting & Audit
Jason Bramwell
Accounting & Audit
Mary Girsch-Bock
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