Intuit Announces QuickBooks Online Accountant Integration with QuickBooks Self-Employed and ProConnect Tax Online
October 24 2016 - 08:30AM
Business Wire
QuickBooks Online Accountant Now the One
Place Where Accountants Can Manage All Their Tax and Accounting
Clients, Save Time and Grow
From the main stage at the third annual QuickBooks Connect,
Intuit Inc. (Nasdaq:INTU) today announced that QuickBooks
Self-Employed and ProConnect Tax Online will be fully integrated
into QuickBooks Online Accountant, taking the next step in
transforming the platform into the one place where everything –
bookkeeping, taxes and practice management – will work together
seamlessly.
With an estimated 2 million QuickBooks Online subscribers
expected in 2017, these QuickBooks Online Accountant integrations
further demonstrate Intuit’s commitment to arm accounting
professionals with the tools and services they need to help them
grow, significantly save time and become more trusted advisors to
all of their QuickBooks clients.
“Accounting professionals are our most trusted, important
partners, which is why we are focused on delivering products and
services that help them grow and become more efficient in the work
they do,” said Rich Preece, leader of Intuit’s Accountant Segment,
Small Business Group. “Deeper integrations between our QuickBooks
and ProConnect Tax Online products enables accounting professionals
to evolve into Firms of the Future, focused on meeting the needs of
all their clients and delivering insights that can lead to improved
growth and profitability for all.”
New Growth Opportunities and Greater Efficiencies with
QuickBooks Self-Employed
Intuit research shows that full- and part-time freelance workers
have grown from 6 percent of the workforce in 1989 to 34 percent
today, and are expected to make up 43 percent of the workforce by
2020. Accounting professionals who serve these Schedule C clients
spend a disproportionate amount of time identifying and organizing
their finances, separating their personal from business expenses in
order to prepare their tax returns. That’s why Intuit is now
delivering a seamless integration between QuickBooks Self-Employed
and QuickBooks Online Accountant. Not only does this integration
benefit the full- and part-time freelance workers by linking them
to an accounting professional who can provide strategic advice to
ensure their long-term success, it also presents a huge opportunity
for accounting professionals to serve a client base that is
currently underserved by the accounting industry.
With the QuickBooks Online Accountant integration, QuickBooks
Self-Employed users can invite their accounting professional to
access their account inside the self-employed product. The
accountant will then see their QuickBooks Self-Employed client
listed on their QuickBooks Online Accountant dashboard. Via the
client dashboard, accountants are able to go directly into their
clients’ books with one click, manage them and ensure they are
accurate and correctly prepared, especially for tax-time.
Accountants will also have access to an accountant toolbox, which
includes quick navigation to key reports, uncategorized
transactions, the quarterly and annual taxes tab, the rules
management page and a guide inclusive of tips for the accountant
and resources for their clients.
“I love the integration between QuickBooks Online Accountant and
QuickBooks Self-Employed. It provides a seamless, collaborative
client workflow that accountants can count on and definitely saves
me time by eliminating the extra step of logging into a separate
portal,” said Mariette Martinez, EA, of Mariette F. Martinez, EA.
“The accountant-specific toolbox helps me better manage my clients’
books throughout the year and gets us both ready for tax time. And
my clients love QuickBooks Self-Employed because of the automatic
mileage tracking feature and how easy it is to identify business
expenses. QuickBooks Self-Employed is redefining how my clients are
taking ownership of their business finances. I am now excited and
looking forward to preparing their books and taxes come tax
time.”
To learn more about the integration and QuickBooks Self-Employed
visit https://quickbooks.intuit.com/accountants/self-employed.
Speed up Tax Prep with ProConnect Tax Online
During tax season, accounting professionals spend approximately
5 hours per client analyzing their books and performing “clean up
tasks” to prepare those books for a tax return. Only Intuit, with
the integration between QuickBooks Online Accountant and ProConnect
Tax Online, has simplified the workflow and significantly saved
accountants time by creating one place that provides a seamless,
end-to-end experience that translates a client’s QuickBooks Online
books into a tax return and then e-files that return without
leaving QuickBooks Online Accountant.
“ProConnect Tax Online goes beyond today’s typical functionality
and connects accountants to modern tools they need to work
efficiently, saving more time and enabling them to connect with
their clients in better ways,” said CeCe Morken, executive vice
president of Intuit’s ProConnect Group. “Only Intuit brings
together ProConnect Tax Online, QuickBooks Online Accountant and
Link into a single experience to free accountants from the manual
processes of today, so they can invest more time helping their
clients succeed in ways they did not think was possible.”
With the combined power of QuickBooks Online Accountant and
ProConnect Tax Online, multi-service firms gain revolutionary
time-saving features, including:
- One place to login and access
accounting and tax clients’ data from one client list.
Multi-service firms can also view e-file status notifications and
bill accounting and tax clients all from QuickBooks Online
Accountant.
- Auto-populate information from a
client’s QuickBooks Online file into a tax return using ProConnect
Tax Online. The ability to auto-populate tax returns with one click
reduces errors and saves time by eliminating the need to export
data into a separate file and then manually enter and analyze that
data for accuracy.
- With the help of QuickBooks Online
Trial Balance, accounting professionals can view year-over-year
variance to help prioritize which returns to review first.
- Link, a free client portal, allows tax
preparers to easily gather tax information and connect with
clients, accelerating the filing process.
About Intuit Inc.
Intuit Inc. creates business and financial management solutions
that simplify the business of life for small businesses, consumers
and accounting professionals.
Its flagship products and services
include QuickBooks® and TurboTax®, which make it
easier to manage small businesses and tax preparation and
filing. Mint provides a fresh, easy and intelligent way
for people to manage their money, while Intuit's
ProConnect brand portfolio includes ProConnect
Online, ProSeries® and Lacerte®, the company's leading
tax preparation offerings for professional accountants.
Founded in 1983, Intuit had 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.Danielle Ferris,
650-944-2391danielle_ferris@intuit.comorAccess Emanate
CommunicationsVanessa Piccinini,
415-844-6252vpiccinini@access-emanate.com
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