What’s New in QuickBooks: December 2021: Part II
As we “wrap” up the year, here’s a look at some of the latest developments with QuickBooks Online.
QuickBooks Cash is Now QuickBooks Checking
QuickBooks Cash is now called QuickBooks Checking. The name change will start in mid-December.
QuickBooks Checking is an all-in-one business bank account that is free to open, doesn’t require a minimum balance or charge monthly service fees². Services and features include a virtual and physical debit card¹, 1.00%⁶ APY on balances, bill pay and instant deposit with QuickBooks Payments at no additional cost for eligible customers³. Small business owners can take advantage of these features all within QuickBooks, and since QuickBooks Checking is integrated with QuickBooks Online, payments and expenditures sync, automatically keeping the books up to date.
Manage Cash Flow
Cash Flow Planner* predicts cash flow 30 and 90 days out using machine learning and data analysis, alerting business owners and providing them with recommendations when cash flow could become a problem.
Envelopes lets businesses set money aside for both planned and unexpected expenses.
Digital wallet: Apple Pay® and Google Pay™ compatibility provides the convenience, flexibility and speed of letting you pay with a tap using your mobile phone.
Mobile remote check deposit*: Checks from customers or vendors can be deposited from anywhere using the QuickBooks mobile app to take a picture of it.
QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank. **Important offers, pricing details and disclaimers. Apple® and Apple Pay® are registered trademarks of Apple Inc. and Google Pay™ is a trademark of Google LLC. ¹Account opening subject to identity verification and approval by Green Dot Bank. ²Other fees and limits apply. See Deposit Account Agreement here. ³Includes use of Instant Deposit without additional cost, an additional service offered by QuickBooks Payments, subject to eligibility. Standard rates apply for ACH, swiped, invoiced, and keyed card transactions. Deposits are sent to the account linked to your QuickBooks Debit Card in up to 30 minutes; times may vary for third party delays. ⁶Annual percentage yield accurate as of September 1, 2021 and may change at any time.
Get Paid Upfront Invoice Financing
Get Paid Upfront is an invoice financing product from QuickBooks Capital that offers financing options to businesses, reducing the wait time to get paid on qualifying invoices by paying business owners up front on the invoiced amount. By paying 3% per financed invoice, business owners can also access credit up to $30,000. Financed invoices are interest free for 30 days, and there are no additional fees on ACH or credit card transactions when clients pay the invoices through QuickBooks Payments within the first 30 days.
Read more in QuickBooks Support.
Results of the new Intuit Rate Survey
QuickBooks Time Employee Onboarding with Codes
Beginning in January 2022, admins will have the option to skip the individual invitations to get new employees in QuickBooks Time and onboard them with a unique 6-digit or QR code instead.
How It Works:
- New hires use a 6-digit or QR code to access timekeeping records.
- Employees can start tracking time without waiting for the admin. since the code is unique to each company.
- Admins can onboard multiple workers with a single code.
- Admins don’t have to manually add each person with their contact information before sending out invitations.
Sources & Disclosures: Some content and images adapted from Intuit / QuickBooks source materials, including support websites; QuickBooks Blog; Firm of the Future; & Intuit Developer Blog. Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.