Intuit has released several updates to QuickBooks Online, including improved online banking features, income transaction tracking, and an Intuit App Center for third-party applications that integrate with QuickBooks Online.
A new income list allows users to view and input information on unbilled, unpaid and paid monies. They can also see money from estimates to paid invoices in the account.
Intuit added a Downloaded Transactions feature, which automatically imports and categorizes new transactions from a user’s bank or credit card accounts. After users categorize a transaction once, QuickBooks Online learns and applies the rule. Users can control which transactions to save to their books and view the latest transactions without having to log into bank or credit card accounts.
“My biggest issue with previous versions of QuickBooks Online was with online banking,” said Stacy Kildal, owner of Waterford, Mich.-based bookkeeping services firm Kildal Services. “This [new feature] completely solves it. I love that my clients can go in and accept transactions, I can still go in and make sure they did it right and fix it for them if they didn’t. You can also assign classes and locations. It’s easier to add a vendor, and really solves my biggest pain point.”
QuickBooks Online also now has a Money Bar feature that centralizes income forms, including estimates, invoices and sales receipts. It summarizes totals for due or past-due transaction items, and guides users to take immediate action.
In addition, QuickBooks Online users can customize the product with third-party applications via the integrated Intuit App Center, which boasts user reviews and ratings of each add-on application.
“In addition to the new features, as a company we spent $300 million on the overall data structure over the last 10 years, and we now have facilities around the country with QuickBooks Online hosted up in Washington, with backup in Vegas, so we’re active at all times,” said QuickBooks Online group product manager Kevin Kirn. “Over the last six months we are coming in at 99.9 percent uptime. We had some struggles over the years, but we are infinitely faster today and the pages today are built on new code and respond more like a desktop product.”
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