Jennifer, Here Are Your Articles for Wednesday, October 19, 2016
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What’s New in QuickBooks Online

 

For the 2017 version of QuickBooks Online, Intuit wants to make sure the first time a new user logs in their experience will be easy, meaningful, and will keep them using the software.

With that said, to begin file set up, a first time user will be asked some questions about his business – business name, industry, how long has the business been operating and what’s important to them as far as running the business. On the back end, Intuit has programmed the software to customize next steps based on the answers.

One of the first steps is showing the user how to connect his bank accounts to the file – if he chooses. The user can connect multiple accounts and then 90 days’ worth of transactions are uploaded. Intuit’s thinking on this is to give the first-time user a file that’s rich in data – thus meaningful.

The new-user experience also allows for easier review of those transactions. In the dashboard, in the Profit and Loss section, the user can click on the “transactions” button which will take him to the area where he can review a month’s worth of transactions. Here’s an example of what a purchase from Staples would look like:

The user must go through each transaction and will be shown how they are categorized. Intuit has done some of the work already by pre-categorizing “Staples” in the Office Supplies category and added it as a vendor.

As the user walks through each transaction, the Profit and Loss number will change and when all are completed, a new Profit and Loss statement will show up.

With these changes and more, Intuit’s intention is to organize everything by work flow – again making it easier for the new user.

On the left hand side of the file, Accounting is a new section where users can find the Chart of Accounts and be able to reconcile.

What didn’t change: Employees page, Report page, and Taxes page.

To summarize, what changed for QuickBooks Online 2017 isn’t so much about content but about how first-time users experience the software. For accountants, if you sign your clients up on QuickBooks Online, they won’t see the changes. Only you will when you log in for the first time.

Questions? Let us know what they are and we can address them or any other QuickBooks issue you may have.

 

 
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