QuickBooks Online Advanced Coming Soon to QuickBooks Online Accountant

“Accountants hold themselves accountable like no one else, and the time couldn’t be better to help our users succeed and build their practices with these workflow tools,” said In Yun, a product manager who led the integration. “‘Plus, we are always adding new features to Advanced, so we are excited to provide accountants with access to our most robust QuickBooks Online product!”

What You Need Delivered, how You Want it

With QuickBooks Online Advanced, you can take advantage of custom reporting and fields to help grow your firm, and then scale your processes with features like Tasks and Batch Transactions. Here are some of the additional ways these innovations will improve your workflow:

• Work smarter with deeper insights
• Track the details that matter most with enhanced custom fields
• Visualize your performance with custom reports and charts
• Complete the tasks that matter faster
• Speed up work with Batch Transactions
• Define and automate tasks and workflows
• Get more organized
• Integrate data with Google Sheets
• Create custom roles for your team (coming soon)

The key to these coming changes are customization features to successfully run your unique firm: servicing your niches, maintaining your charts of accounts, and fulfilling the needs of your many and diverse customers. The last thing you need is a strictly out-of-the-box solution. Now you’ve got a lot more, including:

Custom fields. Track and analyze unique data at any granularity to better run your business. Intuit now supports 48 custom fields, with up to 12 fields each for customer, vendor, sales forms, purchase order, and other expenses. Users can sort, filter, group by, and display information in columns of fields in three reports: custom contact list, vendor contact list, and unpaid bills.

Custom chart builder. This frequently requested feature allows users to up-level advisory services by creating custom KPI dashboards for clients. The new chart-builder feature empowers your clients to make better-informed and faster business-critical decisions. Additionally, these enhancements allow users to set a comparison while creating a custom chart, allowing for comparing key data against the same period in the previous year. Pre-set charts also include viewing business performance over the fiscal year under a “time period” option.

Custom roles expansion. Soon, you’ll be able to customize user access and ensure the right people see the right information inside your firm. Through custom roles expansion in Advanced, you can get even more granular with more pre-set roles to use and expand.

And, that’s just the beginning. You can track business performance at a glance and gain deeper insights with customizable, presentation-ready reports with Performance Center. You can spend less time sending invoices and managing expenses by editing multiple bills and checks in just a few clicks with Batch Transactions. You will reduce manual processes like reminders, emails, and overdue notices with workflows and automate approvals and more with Tasks.

Ever since QuickBooks Online Advanced became available, many accountants and QuickBooks ProAdvisors have praised the features inside the software that help their clients make more informed decisions. For example, Lynda Artesani of Artesani Bookkeeping works with law firms to improve their reporting and has strong praise.

“Advanced gives me all the data analysis tools I need in the Performance Center to help my law firm clients grow smarter,” she said. “In addition, there is a custom field feature that allows me to tailor the program to the specific law practice type. Even more exciting, there is so much power behind the automation in QuickBooks Online Advanced! I use the accounts receivable workflows of payment reminders and overdue invoice memos, which not only saves time, but it is 100% accurate and very customizable to the clients.”

Get to Know Advanced

There are many ways to learn more about Advanced, including webinars and training. Training for Advanced is now just a few clicks away. To access self-paced learning modules and training webinars for Advanced, just log into QBOA, go to the ProAdvisor tab, and click on Training. Scroll down to the “Specialty Courses” section and look for “QuickBooks Online Advanced Specialty.” You can also learn more about the changes and how accountants like you utilize Advanced on the Firm of the Future website.

Start 2021 strong with the power of QBOA and Advanced. It is a winning combination that will help you grow your firm and better support your clients.