The Expenses feature is where you manage all of your vendors and enter any bills that need to be paid. Rules can be assigned to particular accounts to reduce the amount of data entry needed, so you can create a rule named Fuel and set the expense category to Automobile Expense, eliminating the need to categorize the expense.Ī new Receipts category lets you register your email with QuickBooks Online, allowing you to snap a photo of a receipt while you're out and upload that receipt to QuickBooks Online for easy expense matching. You can also connect additional accounts at any time. The Banking feature is where you can manage all of the financial institutions that you connected to QuickBooks Online, with an overview of each account available. QuickBooks Online has also added a cash flow widget for the user dashboard, as well as numerous enhancements in their Advanced plan, including the addition of more custom fields, a custom chart builder enhancements, and a new batch feature for processing sales receipts.
QuickBooks Online recently added some new features including the addition of the Business View option in the banking tab, which is designed to make it easier to categorize incoming banking transactions properly.Ī new bill payment feature has also been added that provides more bill payment flexibility including the option to pay a vendor using a debit card, credit card, or by bank transfer. An offer to link up with an accounting pro is also available if you want to utilize it. One of the most useful features is the My Accountant option, where you can invite your current accountant or CPA to use the program, and they will be given admin access to the program. QuickBooks allows you to connect all of your bank accounts to the software, where it will import and match transactions automatically, leaving you with a list of transactions that were unable to be matched. Like its competitors, QuickBooks Online skips the accounting lingo to use everyday language in its software. However, all versions of QuickBooks Online offer the ability to track income and expenses, manage receipts, invoice and accept payments, track sales tax, and run reports. QuickBooks Online features vary from plan to plan, with many of the deluxe features reserved for the higher-priced plans. If you do not check one of the boxes such as "Pay you employees," and later find your company has grown and you need to set up a payroll system, you can always add that feature at a later time. You can choose to do as much or as little as you like in QuickBooks Online by indicating exactly what your preferences are during the initial setup process. Choose your preferences during the initial setup.
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