Do you check for updates on the QuickBooks app? If not, you may be missing out on some of the latest advancements that can help you save time and money. QuickBooks is a cutting-edge accounting software provider that continues to release upgrades to its platform.
What’s New in the Latest Version of QuickBooks App?
The QuickBooks app was updated three weeks before writing this article, and the company released a lot of new features that you need to be aware of:
Intercompany transactions allow you to bill a company of your own. The feature allows you to send checks or bills to companies you own that do business together.
Inventory categories empower users to group categories together when generating reports to make the report more concise and easier for stakeholders to read through.
Inventory expiration dates help you further manage your inventory and reduce the risk of items in stock expiring or going unaccounted for.
Track vehicle mileage right inside the app to help you keep track of these key deductions come tax season.
Payment links have been added to allow you to quickly collect payments by sending a link directly to your customer or client.
Cash Flow Hub was added to provide insights into your business’s current cash flow and make it easier for you to improve cash flow in the future.
You can also access many of these features using QuickBooks Online app shortcuts if you’re not on the desktop version.
Exploring Enhanced Reporting Features in QuickBooks App
Deeper insights and reporting allow you to leverage the data that you have about your business to make smarter decisions. Advanced users have the option of tracking their most important data at a glance with customizable:
Charts
Dashboards
Reports
You can also sync your spreadsheets with the platform to enhance accuracy. Premium users also gain access to in-depth financial metrics that cover:
Cash flow
Revenue
Custom tags can be added by your team to help you track and monitor the data that is most important to you. Building custom reports and measuring them against other data is possible, including reviewing data from a certain time period.
Further customization empowers users to spot business trends and monitor the data that is most important to them that is not available on the standard dashboard setup.
Time-Saving Tips and Shortcuts in QuickBooks App
One important time-saving tip is to check for updates on the QuickBooks app. Updates may incorporate new features that will automate processes and save you even more time.
But you can also save time by learning the QuickBooks app shortcuts. Here are some important ones to remember:
Ctrl + Alt + I for Invoice
Ctrl + Alt + A for Accounts
Ctrl + Alt + W for Write cheques
Ctrl + Alt + X for Expense
Ctrl + Alt + C for Customers
Ctrl + Alt + V for Vendors
Ctrl + Alt + H for Help
Ctrl + Alt + F for Search Transactions
Ctrl + Alt + R for Receive Payment
Ctrl + Alt + E for Estimate
Ctrl + Alt + L for Lists
Memorizing these shortcuts will make it easier to carry out tasks when using QuickBooks Online.
Just keep in mind that these shortcuts only work when you’re using a traditional keyboard. The app itself does not have shortcuts.
Integration with Third-Party Apps: Maximizing Efficiency
QuickBooks integrates with many third-party apps, which can help you maximize the efficiency of the software and its features.
QuickBooks can integrate with many apps to eliminate manual data entry and save you even more time. Some of the many integrations include:
PayPal
Square
Amazon Business
Etsy
eBay
SOS Inventory
Gusto
Bill
Melio
Method:CRM
Check the app integration section of the QuickBooks website to see if your software and tools can integrate with your account. Maximizing your integrations will save you time and make it much easier to manage your business’s finances with minimal effort.
Feedback and Suggestions: Your Voice Shapes the Future of QuickBooks App
Staying on top of QuickBooks updates and learning how to use shortcuts and advanced features can make this software even more valuable for your business. But if you have suggestions for new features or functions, reach out to QuickBooks to share them.
You can also provide the company with feedback if you’re having an issue with some of the features.
Simply select the Help option and choose the Send Feedback Online option. A pop-up will appear where you can share your suggestion or feedback.
Remember that your voice and the voice of other users help shape the future of the QuickBooks app, so share your thoughts.
In Conclusion
QuickBooks helps business owners around the world manage and grow their operations. Learning how to maximize this tool with QuickBooks Online app shortcuts and third-party app integration will help you make the most of this tool.
The post QuickBooks App Updates and Enhancements first appeared on BusinessMole.
