A person sitting at a desk with a laptop reading about QuickBooks Online new features and updates

QuickBooks Online new features and updates—December 2024

Published on December 12, 2024

As we get ready to close out 2024, it’s a great time to walk through an end-of-year checklist with your clients. It’s also the season when some clients may look to you for more guidance, such as advisory services. Whatever the case may be, your steady, professional help is just what they need. Be sure to read about all the new updates that can help them even more.

Share these QuickBooks updates with your associates and clients of the latest innovations relevant to business owners and admins.

Table of contents

Stay In the Know

Learn about the most exciting innovations. Visit the Hub to watch weekly videos or join us for a live webinar on Thursday, December 19 at 11 AM PT.

Visit the Hub to check out the weekly video episodes.

Continuing updates to Project and Task functionality in QuickBooks Online Accountant

In a nutshell: Work the way you want with more capabilities in the Work tab.

You may have already seen new additions to the Work tab in QuickBooks Online Accountant. We are partnering with accountants to add key updates over the next few months to help you and your team organize tasks, projects, and deadlines. To begin with, you’ll see:

More options to sort and filter, so you can quickly find important projects and tasks.
A refreshed spreadsheet layout to help streamline task and project setup.
Added functionality that lets you manage more aspects of a project in one place, and create standalone tasks unrelated to projects.

To try these updates, go to QuickBooks Online Accountant and select Work. Learn more

Note: If you’re already using the Work tab, you’ll see the option to switch between the old and new experience for the next 3 months. This can help smooth the transition for your firm.

Work tab screenshot in QuickBooks Online Accountant

Combined Federal/State Filing and simplifying 1099s

In a nutshell: Recent updates simplify managing 1099s.

For the upcoming 1099 season, your clients might notice two key changes:

QuickBooks now supports Combined Federal/State Filing, which eliminates the need to file separate 1099s to participating states. With this update, you and your clients can handle more year-end compliance at once.
QuickBooks now has an Automated 1099 solution, in addition to the standard version. This automated option has a W-9 management module that uses QuickBooks transactions and vendor info to produce a list of contractors and/or vendors that may require a 1099 Form. QuickBooks Automated 1099 will also suggest which payments to include on the form and which box to map them to, auto-populating the 1099 forms for you. From here, all you have to do is review and edit them as needed before filing.

Stay on top of your clients’ 1099s.

Review 1099 screenshot in QuickBooks Online

- Automated 1099 e-file: QuickBooks can scan your books to help you find 1099 recipients and prepare 1099 forms. Accuracy and completeness not guaranteed. Available for an additional fee per form. Pricing includes QuickBooks’ standard 1099 e-filing service (federal and eligible states), as well as printing and mailing a copy directly to your vendors and contractors (excluding corrections).
  
  For QBOP and Contractor Payments customers - Unlimited 1099 e-file: Create and e-file unlimited 1099-MISC and 1099-NEC forms in QuickBooks. 1099 forms are e-filed only for the current filing year and for payments recorded in QuickBooks to your vendors or contractors. Includes state filings for eligible states participating in IRS Combined Federal/State Filing program; please check with your state agency on any additional state filing requirements. Additional fees may apply to print and mail a copy to your vendors and contractors and to other upgrades or add-on services.
  
  For QBO only customers - E-file 1099s right from QuickBooks: Additional fees apply. Not all state filings are supported.
  
  For BillPay and IES - Unlimited 1099 e-file: Create and e-file unlimited 1099-MISC and 1099-NEC forms in QuickBooks. 1099 forms are e-filed only for the current filing year and for payments recorded in QuickBooks to your vendors or contractors. Includes state filings for eligible states participating in IRS Combined Federal/State Filing program; please check with your state agency on any additional state filing requirements. Additional fees apply to upgrades or add-on services. If you have the Bill Pay Basic plan, 1099 e-filing services will be charged at the standard 1099 E-file Service pricing.
  
  The information contained herein is provided for informational purposes only, and should not be construed as legal, tax or accounting advice on any subject matter. You should not act or refrain from acting on the basis of any content included in this site without seeking legal or other professional advice.

Business tax support for accountant-attached QuickBooks Online users

In a nutshell: Clients who file their own tax returns may notice new info about QuickBooks Live Business Tax.

In addition to informing business owners without accountants about QuickBooks Live Tax, we’ve also made it easier for accountant-attached self-filers to learn about the filing support QuickBooks Live Business Tax can provide.

Previously, the information available to business owners was a set of questions and answers. Now, they’ll see info about expert tax help in their Year-end filing tab (see below). QuickBooks Live Tax is designed to provide small businesses a seamless books-to-tax experience inside QuickBooks, including preparing and filing taxes.

We included this update because transparency is important to us. At QuickBooks, we acknowledge and respect your relationships with your clients, and one goal we uphold through our work is to help an accountant’s client engagements thrive.

Bill Pay billing updates: ProAdvisor pricing and split billing

In a nutshell: Choose from more billing options for QuickBooks Bill Pay, along with a discount for your clients.

When you enable Bill Pay for a client in Add Product, you’ll see these billing options:

Bill your firm (accountant-billed) with ProAdvisor Preferred Pricing to give your client ongoing discounts of 30% off their subscription and 15% off transactions*
NEW: Bill your client (client-billed), and they’ll get 30% off their subscription and 15% off their transaction fees for the first 12 months*

Not only that, you can now mix-and-match billing options for products, including Bill Pay, QuickBooks Online, and QuickBooks Online Payroll. This means your client can pay directly for their Bill Pay subscription and transaction fees, while your firm pays for their QuickBooks Online or other products.

Add QuickBooks Bill Pay for more billing options

- Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. For more information about Intuit Payments' money transmission licenses, please visit https://www.intuit.com/legal/licenses/payment-licenses/.
  
  *Offer Terms
  
  ProAdvisor Preferred Pricing - Accountant-Billed Discount
  FOR QUICKBOOKS ONLINE ACCOUNTANT CUSTOMERS WHO TAKE ADVANTAGE OF THE 30% OFF QUICKBOOKS BILL PAY SUBSCRIPTION WITH PROADVISOR PREFERRED PRICING - ACCOUNTANT-BILLED CLIENT DISCOUNT OFFER
  
  Eligibility: This offer is eligible to accounting firms (“QBOA Customer”) who register or have registered for QuickBooks Online Accountant (“QBOA”) and use the ProAdvisor Discount (accountant-billed) option to subscribe to QuickBooks Bill Pay (“Bill Pay”) for the QBOA Customer’s client. The ProAdvisor Discount invoicing option means that the QBOA Customer agrees to pay for Bill Pay subscription fees.
  
  Pricing: Eligible QBOA Customers will be entitled to the following discounts for their clients:
  - 30% off the then-current monthly subscription price of QuickBooks Bill Pay
  - 15% off the then-current per transaction fee for: (i) Standard ACH payments over monthly allotments (allotments may vary); (ii) Payments by check; and (iii) Faster ACH payments
  Discount and list price subject to change at any time at Intuit’s sole discretion. All prices are quoted without sales tax.
  
  Offer Terms: To be eligible, Bill Pay subscriptions must be entered through the ProAdvisor Discount. The discount is valid only for the named individual or company that registered for the Bill Pay subscription and cannot be transferred to another client, individual, or company. Cannot be combined with any other Intuit offer. Offer valid for a limited time only, only in the U.S., and is non-transferable. Terms, conditions, pricing, special features, and service and support options subject to change without notice.
  
  Billing: The QBOA Customer's account will automatically be charged on a monthly basis until the Bill Pay subscription is transferred to the client or canceled. The first billing date will be prorated and deferred to the next existing QBOA billing date (“Existing Billing Date”), unless Bill Pay enrollment is on the same date as the Existing Billing Date, in which case the full monthly cost will be charged upon enrollment.
  
  ProAdvisor Preferred Pricing - Client-Billed Discount
  
  For QuickBooks Online Accountant customers who take advantage of the 30% off QuickBooks Bill Pay subscription with ProAdvisor Preferred Pricing - client-billed discount offer for the first 12 months of the subscription
  
  Eligibility: This offer is eligible to accounting firms (“QBOA Customers”) who register or have registered for QuickBooks Online Accountant (“QBOA”) and use the Client Discount option to invite their client(s) to subscribe to QuickBooks Bill Pay (“Bill Pay”). The Client Discount invoicing option means that the QBOA Customer’s client agrees to pay for Bill Pay subscription fees directly.
  
  Pricing: Eligible QBOA Customers will be entitled to pass on the following discounts to their clients for the first 12 months of their clients’ Bill Pay subscription, starting from the date of enrollment:
  - 30% off the then-current monthly subscription price of QuickBooks Bill Pay
  - 15% off the then-current per transaction fee for: (i) Standard ACH payments over monthly allotments (allotments may vary); (ii) Payments by check; and (iii) Faster ACH payments
  After the first 12 months, clients will be charged at the then-current list price for the service. Discount and list price subject to change at any time at Intuit’s sole discretion. All prices are quoted without sales tax.
  
  Offer Terms: To be eligible, Bill Pay subscriptions must be entered through the ProAdvisor Discount. The discount is valid only for the named individual or company that registered for the Bill Pay subscription and cannot be transferred to another client, individual, or company. Offer does not apply if the client has previously subscribed to Bill Pay. Cannot be combined with any other Intuit offer. Offer valid for a limited time only, only in the U.S., and is non-transferable. Terms, conditions, pricing, special features, and service and support options subject to change without notice.
  
  Billing: Once the client subscribes to Bill Pay, the client's account will automatically be charged on a monthly basis until the Bill Pay subscription is transferred to the QBOA Customer or canceled. The first billing date will be prorated and deferred to the next existing QBOA billing date (“Existing Billing Date”), unless Bill Pay enrollment is on the same date as the Existing Billing Date, in which case the full monthly cost will be charged upon enrollment. .
  
  **Product Information
  
  QuickBooks Bill Pay account subject to eligibility criteria, credit, and application approval. Subscription to QuickBooks Online required. Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. For more information about Intuit Payments' money transmission licenses, please visit https://www.intuit.com/legal/licenses/payment-licenses/.

Introducing Intuit Assist for QuickBooks Online

In a nutshell: Intuit Assist helps automate bill and receipt entry, invoice and estimate creation, and knowing what to focus on next.

You and your clients using QuickBooks Online now have a new set of capabilities with Intuit Assist.

Save time entering bills and receipts

Intuit Assist will generate transactions from:

A bill or receipt you upload in the form (upload file or take a picture, no mobile app required).
A batch of bills or receipts you upload in the Bill or Sales receipt job centers.
Bills and receipts sent to your personalized Intuit Assist expense email address (this email is open to any sender, including vendors and employees).

Simplify invoice and estimate creation

Intuit Assist will generate invoices or estimates from your uploaded documents or typed notes in the form, as well as documents or conversations with customers that you email to your personalized Intuit Assist sales email address.
Invoice reminders created by Intuit Assist can help your clients get paid 5 days faster on average than with a standard template.1

Know what to do next

At any moment, your client can find out what they should pay attention to. The Business Feed, powered by Intuit Assist, tells them which invoices to collect on, bills to review, and more. With Intuit Assist proactively bringing that information forward, they can skip the AR & AP aging reports and stay on top of all tasks.

See what Intuit Assist can do.

- Intuit Assist and certain other AI features and functionalities are currently available at no additional cost to certain QuickBooks users. Pricing, terms, conditions, special features and service options are subject to change without notice. Intuit reserves the right to discontinue the feature at any time for any reason in its sole and absolute discretion.
  
  1. Get paid 5 days faster on average when you send invoice reminders with Intuit Assist: Based on U.S. Intuit Assist Beta customers using outstanding invoice notifications and AI-drafted invoice reminder features, compared to customers using standard invoice reminders to the same customers, from Jan 2024 to August 2024.

Review checkmarks in Intuit ProConnect Tax

In a nutshell: Intuit ProConnect Tax now provides a tax return review documentation system to help ensure accuracy.

If your firm prepares tax returns with the help of multiple employees, ProConnect Tax has an update you may find very useful.

As clients review values in their tax returns, they can mark them with a checkmark. If the value changes for any reason, the client will see an indicator to show it has changed since their previous review. For efficiency, they’ll be able to review all the checkmarked values or just the values that have changed. Each checkmark will show who made the mark, and revised values will also show the original checked value.

With ProConnect Tax, your firm has a new accountability system on its side.

Invoice improvements you requested

In a nutshell: In response to customer feedback, QuickBooks Payments has recently launched 80+ new invoicing features.

You asked, we delivered. These new features provide an enhanced invoicing experience:

Better capabilities

Adjust tax rates
Add billable expenses grouped by time
Use price rules
Customize your invoice template while drafting an invoice

Convenient additions

Access existing templates
Show, hide, and rename columns
Change color and font from the invoice

Quicker access

Use keyboard shortcuts to access invoicing features faster
Receive payments with one-click access
Autosave your work in the QuickBooks Online mobile app

See what’s new with estimates and invoices.

QuickBooks Payments Invoice improvements screenshot

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