With more than 3.9M QuickBooks Online customers worldwide, Intuit is focused on providing meaningful updates to its QuickBooks ecosystem of products and services for small businesses. One area of focus is on mid-market businesses that are outgrowing QuickBooks Online Plus. These are customers who have complex business needs, typically with 10 to 100 employees, and with power users who spend twice as much time in QuickBooks as the typical QuickBooks user. Many of these customers also have twice as much data, especially in terms of their transactions or the total number of lines (complexity) of transactions.
In order to accommodate these customers, Intuit launched QuickBooks Online Advanced in October of 2018 and they have continued to invest in features and provide enhancements that these mid-market users need. Recently, QuickBooks Online Advanced launched a couple of new features, and they are also in the process of releasing several more features that should be rolled out during the rest of this month.
Accelerated Invoicing
Accelerated invoicing actually consists of two new features, (1) Multiple Invoicing and (2) Import Invoicing, with these new features Advanced users can streamline time-consuming, repetitive invoicing tasks.
Multiple Invoicing
This feature, available exclusively in QuickBooks Online Advanced, streamlines the creation of multiple invoices.
Source: Intuit Source Materials
QBO-ADV_Accel-Invoice_Create_Invoices
Import Invoices
The 2nd 'Accelerated invoicing' feature is the new invoice import functionality.
Source: Intuit Source Content
QBO_ADV_Accel-Invoice_Import-Invoices
Client Overview
The Client Overview feature is a dashboard that is now available inside a QuickBooks Online Advanced file. Use this dashboard to get to where you want to go in fewer clicks with deep-links that take you directly to relevant transaction reports, specific bank accounts and the reconciliation tab.
Source: Intuit - QBO-Advanced 'Test Drive'
QBO-ADV_New_Overview
More in March
The following new features will be rolling out later this month (March 2019). As soon as more details are available, Insightful Accountant will bring those to you.
- Enhanced Custom Fields - Users can utilize multiple field types, which are translated to reporting throughout the books.
- Third Accountant User: Advanced users will soon be able to add up to three accountant users (other versions of QuickBooks Online enable only up to two). This exciting new benefit will help accounting professionals be better positioned to meet the many needs of their more complex clients.
- Additional Custom User Permissions: Custom user permissions give users selective access to work in one or more areas, such as sales transactions, expense transactions, sales reports, expense reports and bank deposits. It also allows users to configure permissions dozens of different ways to manage access to sensitive data. Selected access for sales transaction such as invoices or estimates will also be introduced.
With these, and features like Smart Reporting powered by Fathom, Up to 25 Users with full/simultaneous access, Priority-circle Benefits, and Access to Self-paced/Online QuickBooks-training included as part of each QuickBooks Online-Advanced Subscription it's easy to see why mid-sized businesses by transition from QBO-Plus to QBO-Advanced. For a free 'test-drive' of QuickBooks Online Advanced go to: https://qbo.intuit.com/redir/testdrive_us_advanced (Priority Circle not included).