Intuit Launches Free Practice Management Features in QuickBooks Online Accountant
May 17 2017 - 4:00PM
Business Wire
New Dashboard Gives Accountants the Power to
Seamlessly Track and Coordinate All Client and Firm Work in One
Place
Intuit Inc. (Nasdaq:INTU) announced today the availability of
free Practice Management features in QuickBooks Online Accountant,
significantly reducing the number of tools accounting professionals
need to manage their practice. Accountants in Australia, Canada,
France, the United Kingdom and United States can now access the
features directly in QuickBooks Online Accountant. The new work
dashboard is fully mobile-enabled and gives accountants the power
to track their work in the same place where they get it done. The
availability of this first set of practice management features is
the first step toward providing an end-to-end practice management
solution designed with the accounting professional in mind.
“The Practice Management features in QuickBooks Online
Accountant allow accountants to seamlessly track and coordinate all
the work associated with their clients and firm, in one place, to
help ensure nothing falls through the cracks,” said Rich Preece,
leader of Intuit’s Accountant Segment, Small Business Group.
“Accountants can now get high-level visibility across their
initiatives – all in the cloud – and collaborate with clients and
staff members much more efficiently.”
To develop the first Practice Management feature set, Intuit
watched accountants complete their work and designed the new
dashboard to solve three key challenges:
- From tedious management to command
center: accountant work is completely deadline-driven, and the
number of deadlines is enormous. The existing process to track
client information and work is cumbersome, disjointed and highly
manual, leaving employees overwhelmed and firm owners feeling
anxious that deadlines might be missed, resulting in potential
fines and client losses. With Practice Management, it takes seconds
to create new jobs or tasks and assign them. Accountants can then
edit job cards straight from the dashboard.
- From disconnected to integrated
solutions: accountants often use several separate spreadsheets
to track employees’ granular tasks, keep management informed of
progress and track client information. Often times, there is no or
very little integration between the tools they use every day to
complete their work. QuickBooks Online Accountant is directly
connected to the applications accountants use to perform work,
making it the source of truth for client data and work
management.
- From broken to central client
communication: accountant communication with clients happens
outside the context of work, which introduces challenges as much
gets lost in translation. In fact, Intuit estimates accounting
professionals spend 65 percent of their time tracking down source
documents from clients. Practice Management features allow them to
send document requests and messages to clients from QuickBooks
Online Accountant. Clients can view and respond directly from
QuickBooks Online.
Practice Management is free, regardless of the firm size or
number of clients. Click here to see Practice Management in action
and for more information, visit bit.ly/practicemanage.
Practice Management User Quotes:
- “The limited integration between
various tools used to make me worried I might miss a deadline.
QuickBooks Online Accountant manages my workflow seamlessly in one
spot, helping me manage employees’ tasks and track client
information.” Leanne Davis, Owner Operator, Sort it Out –
Office Assist, Albury, Australia.
- “The new Practice Management features
have enabled Jetstream Administration to be focused on delivering
results to our clients instead of juggling multiple platforms of
task lists and document requests. In one place, we can see what
needs to be done and get it done!” Jennifer Bauldic,
President, Jetstream Administration, Inc., Toronto,
Canada.
- “Intuit as a company is always
proactively looking for ways in which accountants’ lives can be
made easier, and Practice Management is a feature which ticks this
box so well. Anything that helps me to run a better business is
very welcomed! This new feature gives the ability for me to create
and assign new jobs or tasks in seconds and edit them straight from
the dashboard. Less chance of deadlines being missed. Great!”
Fiona Fraser, Chartered Accountant and Founder of Fraser+
Accountants, Perth, Scotland
- “The new Practice Management in
QuickBooks Online Accountant is saving me time before I even start
using it! The first time I clicked on the ‘Work’ tab, it had
already created payroll jobs based on my client list. Thanks for
thinking of me, QuickBooks Online Accountant team!” Stacy
Kildal, Founder, Kildal Services, White Lake,
Michigan.
About Intuit
Intuit Inc. is committed to powering prosperity around the world
for consumers, small businesses and the
self-employed through its ecosystem of innovative financial
management solutions.
Its flagship products and services include QuickBooks® and
TurboTax®, which make it easier to manage small businesses and
tax preparation and filing. QuickBooks
Self-Employed provides freelancers and independent contractors
with an easy and affordable way to manage their finances and save
money at tax time, while Mint delivers financial
tools and insights to help people make smart choices about their
money.
Intuit's ProConnect brand portfolio includes ProConnect Tax
Online, ProSeries® and Lacerte®, the company's leading tax
preparation offerings for professional accountants.
Founded in 1983, Intuit serves 42 million customers in North
America, Europe, Australia and Brazil, with revenue of $4.7 billion
in its fiscal year 2016. The company has approximately 7,900
employees with major offices in the United States, Canada, the
United Kingdom, India, Australia and other locations. More
information can be found at www.intuit.com.
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Intuit Inc.Kim Amsbaugh, 650-944-6649kim_amsbaugh@intuit.com
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