Jaclyn Anku, ProAdvisor Training & Certification Leader: On today's episode of In the Know, we'll be exploring Intuit Enterprise Suite product updates to multi-entity functionality.
Hey, ProAdvisors, it's Jaclyn, and you're watching In the Know, where you can get exclusive access to demos of Intuit product enhancements by the leaders who built them.
Let's jump right in with Manoel for review of multi-entity updates to Intuit Enterprise Suite. Manoel, welcome and thanks for being on the show.
Manoel Cavalcanti Albuquerque: Thank you, Jaclyn. I'm super excited to bring the new features and enhancements that we're launching in this new Intuit Enterprise Suite release.
As you can see, these are quite broad features and enhancements, but they are divided into four main buckets: multi-entity accounting and financial management, dimensions and business intelligence, industry-specific customizations, and security and compliance. Today, we're going to focus more on the multi-entity side of things.
So let's begin with our core improvements to multi-entity accounting and financial management, and I'll walk you through it. One of our key improvements to multi-entity is in handling manual eliminations. We've simplified the process of removing into company transactions, and now you can adjust elimination amounts in one centralized location. You can share your financial statements to comply with accounting standards and are always accurate without having to touch individual entry books or rely on adjusted journal entries.
On top of that, we also have multi-entity consolidated reports right there in the product. Before, you'd have to rely on spreadsheets and spreadsheet sync to see your consolidated reports. Now you have access to these comprehensive financial reports across all of your companies within Intuit Enterprise Suite, including balance sheets, profit and loss statements, cash flow statements, and trial balance reports. And with this gone, so are the days of syncing with spreadsheets so you save time while gaining deeper insights into cross-entity performance across your whole organization.
Next within the multi-entity, there's user visibility. This is one of the significant enhancements that we're launching. It improves user visibility across all of your entities, so any admin in your organization can now view and manage all users from a single, centralized location. This means that you can see which entities each user has access to their assigned roles and current status, and make any immediate access changes that you need without having to switch between entities when managing access, saving valuable time.
Last, we also have recurring payments that will allow you to set up automatic recurring payments for your customers, giving you predictability over your cash flow and control over these recurring payments—if you are one of the customers that uses Quickbooks Online Payments.
On top of that, we also have our automated AI power 1099s. Intuit Enterprise Suite is also going to allow you to automatically complete your 1099s, helping you collect any missing information and preparing the forms for your review. This means no more manual tracking and form preparation, allowing you to simply review and improve the AI-generated 1099s, saving significant time during tax season.
Thank you so much for having me, Jaclyn. I'm super excited to release this to our customers, and having an even better Intuit Enterprise Suite experience.
Jaclyn Anku: Well, thank you so much for that demo of the multi-entity updates. I really appreciate you being on the show, and thank you for watching.
If you find this update interesting or helpful, go ahead and like, comment, and subscribe.
So let me recap with the Fast Facts:
- These updates to Intuit Enterprise Suite are live as of December 2024.
- You can get the full release notes in the link below.
And that's all we have for now! For more product updates and demos, check out our In the Know hub and be sure to register for our monthly live webinar. We'll catch you next time.
