QuickBooks Online new features and improvements​​—July 2024

Summer’s in full swing, and whether you hit the beach, enjoy a BBQ, or just get a little staycation time in, we hope you get some much-deserved R&R. When you get back to work, don’t forget to check out this month’s updates.

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Learn about the most exciting innovations across the QuickBooks Online ecosystem.

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What’s new in July

• Intuit Tax Advisor now included with Intuit ProConnect Tax
• Coming soon: Reimagined PayPal Connector by QuickBooks
• Use and track product variants, Etsy integration, and shipping in QuickBooks
• Organize and share company structure using QuickBooks Online Payroll
• Batch Migration Tool has new enhanced features

Intuit Tax Advisor now included with Intuit ProConnect Tax

In a nutshell: Intuit Tax Advisor is now included with Intuit ProConnect Tax, making it the only professional tax software with full QuickBooks Online Accountant integration and Intuit Tax Advisor included.

In just a few steps, you can generate reports that will showcase client tax-savings strategies, all custom branded by your firm. Quantifying tax savings for your clients helps them understand the value you offer and can help increase advisory services to maximize additional revenue streams.

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Coming soon: Reimagined PayPal Connector by QuickBooks

In a nutshell: The PayPal Connector to QuickBooks will soon be updated with several improved features:

• Review transactions: PayPal transactions can now be auto-imported and reviewed before they hit the books. PayPal transaction data, including sales, fees, purchases and transfers, can now be found on the App Transactions tab next to Banking. Here, you can review, add, exclude, and undo transactions.
• Get more detail: Where available, sales receipts will capture line-level detail, such as items sold, discounts, shopping, and tax.
• Track fees separately: When adding a transaction from PayPal, we’ll automatically record the PayPal fees to an expense account of your choice, so you don’t have to manually enter them.

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Use and track product variants, Etsy integration, and shipping in QuickBooks

In a nutshell: Three new updates help product-based businesses save time and effort by managing more back-office tasks right in QuickBooks Online:

1. Product variants: Your clients can streamline their inventory management by creating product variants and tracking inventory for each variant. For example, instead of creating separate products for each color and size combination, clients can create one product and define variants for each color and size combination. This reduces setup time, and allows you and your clients to spot opportunities for growth by identifying top-performing variants. Note: This feature is available in QuickBooks Plus and Advanced.
2. Etsy channel: Etsy native integration is now available as a sales channel, in addition to Shopify, Amazon, and eBay, with an inventory management option. Note: Those using QuickBooks Simple Start can connect one sales channel, those using QuickBooks Essentials can connect three sales channels, and those using QuickBooks Plus and Advanced can connect unlimited sales channels.
3. Shipping: Now, there’s no need for your clients to subscribe to a separate shipping tool; they can ship with QuickBooks. Clients can create shipping labels, get deeply discounted carrier rates, and enjoy seamless invoicing integration. Note: This feature is available in QuickBooks Simple Start, Essentials, Plus, and Advanced.

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Organize and share company structure using QuickBooks Online Payroll

In a nutshell: Clients using QuickBooks Online Payroll can now generate easy-to-read organizational charts and directories to help their employees better understand, and stay in touch with, their broader team.

The days of manually documenting reporting structures are over. Your clients can now visit Payroll in QuickBooks Online Payroll to see what their organization looks like from a reporting standpoint. From here, they can toggle between a row-by-row list of employees or a more visual diagram of their organization.

They can adjust their org chart as needed by assigning or reassigning the roles of manager or direct report, or by expanding and collapsing layers of their organization. Any changes applicable to QuickBooks Workforce will also be reflected there.

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Batch Migration Tool has new enhanced features

In a nutshell: As you may know, you can use the Batch Migration Tool in QuickBooks Desktop to move up to 50 clients at once from QuickBooks Desktop to QuickBooks Online. With a recent update to the tool, the process just got easier and more efficient.

New features to look out for include the following:

• Add company files directly from QuickBooks Desktop to the migration list, with no need to download files manually.
• Use one comprehensive dashboard to see the migration status for all selected company files.