Intuit introduced a new revenue sharing program, book review and transaction collaboration features at its seventh annual QuickBooks Connect user conference, along with a new Windows QuickBooks Online app and other enhancements. added to its accounting solutions and programs.
The revenue-sharing program, announced by Intuit’s accounting segment leader Ted Callahan during the opening keynote at the virtual conference Thursday, extends ProAdvisor’s preferential pricing by compensating accountants for bringing clients to the network. QuickBooks online platform while offering them a discount. Accountants can now avoid handling billing as they no longer have to add customers through QuickBooks Online Accountants and pay for their QBO account.
Instead, when accountants start a new QBO or QBO Payroll subscription, they can choose revenue sharing as the billing option so that customers pay Intuit each month and accountants receive 30% of the billed price for 12 months.
The new revenue sharing feature is yet to come, with Intuit looking for early adopters of the program, although accountants who prefer to pay clients’ QBO accounts directly can still continue this payment method.
Intuit also announced Books Review, a redesign of its end-to-end workflow feature, Month-End Review, introduced last year to divide the accounting workflow into three stages: transaction review, account reconciliation and final exam. Now called Books Review, this feature will include more functionality and will be adapted to apply to more processes and help accountants deliver books even outside the monthly window. Books Review includes set up and close book functionality, with transactional collaboration coming soon.
- Accounting setup makes it easy to adjust the opening balance and organize issues like bank accounts and redundant accounts;
- The Bookkeeping Summary will give accountants the ability to prepare custom reports to give clients insight into their business; and
- The upcoming Transaction Collaboration will help solve the challenge of getting information from clients by allowing accountants to request information and give notifications to clients on those requests, all within the QBOA workflow.
Additionally, after announcing QuickBooks Online Advanced for free for accountants earlier this year, Intuit is now adding free access to the QuickBooks Online Advanced app for Windows to help QBOA users manage their QBO clients regardless of the version they are using. ‘they use.
Intuit also made two announcements regarding its ProAdvisor program, with the addition of a new QuickBooks online payroll certification and improved ProAdvisor support.
The QuickBooks Online Payroll Certification provides live and on-demand product and compliance training, a certification preparation course, and a qualifying exam. Intuit’s enhancements to its ProAdvisor support include: reduced wait times; put ProAdvisors in contact with competent agents; route calls to the right agents; and hire more agents based in the United States.