Tech News: Intuit QuickBooks introduces integrated e-commerce management

Published November 3, 2023 11:09 AM

Updated November 3, 2023 11:49 AM

1 Min Read

Intuit QuickBooks introduces integrated e-commerce management; Client Hub launches AI-enabled email integration; and other news from the accounting technology world.

Intuit QuickBooks introduces integrated e-commerce management

Intuit QuickBooks announced the availability of several new and improved e-commerce innovations for QuickBooks Online to help small businesses manage their inventories. Users will be able to automatically sync products, orders, inventory and payout data and automate invoicing when sales orders are placed across channels, including Shopify, Amazon, and eBay to QuickBooks Online. They can also learn how sales are trending across channels to identify top-performing products; manage stock adjustments individually or in bulk; get notified when inventory is low and create purchase orders to replenish stock; and track costs of goods and business expenses. The new e-commerce capabilities are currently being rolled out to new QuickBooks Online customers and are expected to become available to existing customers soon.

Client Hub launches AI-enabled email integration

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Accounting workflow platform ClientHub added an AI-enabled email integration feature, which facilitates email communications for accounting professionals. With this integration, users can assign emails to staff for immediate action and keep track of each email's status from assignment to completion, inside a single platform where all work is tracked, including client work and deadlines. It also breaks emails out of individual siloed inboxes, allowing users to derive insights from all emails from a client. The feature can also make suggestions when drafting emails.

New PFU scanner offers one-touch uploading of documents

PFU America, Inc. released its ScanSnap iX1600 Receipt Edition document imaging scanner, which integrates with Intuit QuickBooks Online to provide the ability to upload invoices and receipts with one-touch scanning. In addition to new Receipt Edition features, the ScanSnap iX1600 allows for PC-less scanning to any destination, including mobile devices, folders or applications such as Google Drive, Dropbox, Evernote and more. Scanned paperwork can also be sent to ScanSnap Home, an all-in-one solution that allows users to manage, edit and utilize scanned data from receipts, documents, business cards, photos and more. It can also provide home and office professionals with new automated tools that analyze receipts and invoices, pull out the important information contained within them, and pass it over to an existing QuickBooks Online account.

UWorld releases CPA Exam prep course incorporating CPA Evolution

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UWorld, which produces test prep materials for high-stakes tests, has launched its 2024 CPA Review Course to prepare aspiring accounting professionals for the 2024 CPA Exam, which incorporates more technology-related content. The new course consists of six new course textbooks and more than 200 new lecture videos. Courses incorporate 8,000 exam-level practice questions, including answer explanations and illustrations to improve comprehension and retention. UWorld's new course aligns with the AICPA blueprints. Throughout the course, indicators specify the topic, skill level and representative task that candidates must execute to excel on the exam.

IRS opens free Energy Credit Online tool for sellers of clean vehicles

The IRS headquarters in Washington.

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The Internal Revenue Service announced that sellers of clean vehicles can register using the new IRS Energy Credits Online tool. The IRS's Energy Credits Online tool will allow dealers and sellers of clean vehicles to complete the entire process online and receive advance payments within 72 hours. The tool will generate a Time of Sale report that the taxpayer will use when filing their federal tax return to claim or report the credit. The IRS issued proposed regulations, Revenue Procedure 2023-33 and frequently asked questions on Oct. 6, 2023, that provide details to sellers to register with the IRS to be eligible to receive the credit transfers from taxpayers. To participate, a dealer must verify their identity using the IRS identity verification system and register through the IRS Energy Credits Online tool. Initially, only one individual representative of the dealer or seller who is currently authorized to legally bind the dealer or seller can complete the initial registration through IRS Energy Credits Online. Starting in December , dealers and sellers will be able to authorize more than one employee to submit Time of Sale reports and advance payment requests.

Partnerships and integrations

Accounting network CPAMerica, working with CPA exam review company Surgent, has awarded two scholarships for Surgent's CPA Review Course to staff accountants Ryan Asch and Jake Campbell, both at member firm Harper & Whitfield. This partnership began in 2019 and has since awarded more than 10 scholarships to CPAmerica members. … The Institute of Chartered Accountants in England and Wales and technology company RQ announced the rollout of an online platform for chartered accountants working in practice to further deepen client relationships, following an 18-month collaboration. The software was designed to give chartered accountants insights into the financial needs and goals of clients, and provide a space for collaboration. The platform by RQ can also assist with adhering to the ICAEW Designated Professional Body (Investment Business) regulatory regime, though it's not a substitute for compliance. Under the agreement, RQ will provide ICAEW firms with free access to the platform in exchange for input and support from the ICAEW. … Finance and procurement solutions provider Corcentric announced the availability of a Microsoft Word Add-in option for its Corcentric Platform. The add-in for Word improves the editing workflow of contract documents for online (browser) versions of Word. Customers can collaborate directly on files without having to download and re-upload to the Corcentric Platform. Every document will be synchronized, and any changes will be integrated back into the final negotiated contract. … Enterprise revenue lifecycle management platform BillingPlatform announced a strategic partnership with J.P. Morgan Payments to support the billing needs across its business units. BillingPlatform's solution has been integrated within J.P. Morgan's ecosystem to service J.P. Morgan's Treasury Services and Trade Finance businesses. As part of J.P. Morgan's broader billing and pricing transformation, the integrated solution aims to expand billing capabilities and meet increasing market needs. The implementation enables flexible billing configurations, workflow automation and strategic integrations to achieve end-to-end processing. … Compliance solutions provider Sovos partnered with EXL, a data analytics and digital operations and solutions company focused on the insurance industry. The new partnership allows insurance companies to access a suite of tools for sales and use tax management, enabling insurance companies to calculate, track and manage taxes.

Other news

Practice management solutions provider Canopy will host its annual Canopy Summit 2023 on November 9 at 1:00 p.m. EST. The free, virtual event will dive into the latest CPA technology with an engaging panel and review Canopy's product roadmap and offers two CPE credits for attendees. Canopy's annual summit will include insights from CEO Davis Bell and chief product officer Shane Westra along with a panel of business experts discussing how accountants can thrive in the modern economy and help their clients do the same. … Top 20 firm Eide Bailly was recognized as Tipalti's 2023 Accounting Partner of the Year. The news was announced during their Illuminate Partner Power Hour Conference. … Tax compliance solutions provider Avalara released 17 newly certified integrations with accounting, ERP, ecommerce, point-of-sale, mobile commerce and CRM software applications. The software now integrates with the following solutions: Arcadier by Towa; Auctioneer Software; Binary Stream Software; bLoyal; Cyrious Control; Discovery Management Software; Dynamics eShop; Elastic Path Commerce Cloud; Glovia ERP; Legendary Supply Chain; MACC for AFC; Nautical Commerce; Octane; Paradigm Accounting; Pro Software; QuoteWerks and Sellercloud. … Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, has bolstered its client relationship management team in the U.K. with the appointment of five client directors. The strategic appointments of Laura Adamson, Darren Mabley-Jones, Graeme Mutch, Angela Thomas and Lindsey Thorpe follow a period of growth for Sedgwick's corporate and key client base. … AP automation and spend management solutions provider Medius appointed Craig Keller as vice president of payment strategy.