New Practice Management Features in QuickBooks Online Accountant!
Accountants are getting a new set of reins to manage their workflow.
Originally published on Intuit’s Firm of the Future Website — “New! QuickBooks Online Accountant Practice Management” by the Firm of the Future Team.
Unveiled the week of March 27, at Intuit’s® Intelligent Economy Gallery Walk in New York City, Practice Management is coming soon to all QuickBooks Online Accountant (QBOA) customers.
QBOA Practice Management is a cloud-based solution designed to be the one place for accountants to effortlessly and seamlessly manage workflow, client communications and daily operations. We’ve heard the same tales from accounting professionals when it comes to managing their practice: anecdotes of missed deadlines and the fear that something will fall through the cracks.
To solve for these issues, here are the three key ways Practice Management will help accountants save time and empower their growth for long-term financial success:
#1: From multiple places to track client information and workflow to integrated task creation and completion in QuickBooks Online Accountant.
Over the years, the “big whiteboard” has become an iconic piece of office décor among accounting professionals. Various colored markers track high-level deadlines for each employee, while spreadsheets and third-party tools record the more granular tasks and deliverables. With little to no integration across these various tools, accountants are constantly switching between various platforms every day just to do their jobs.
Practice Management reduces the number of tools accountants need to manage their practice to just one. This solution is designed to eliminate the disjointed experience of manual tracking, and provide a unified view of work that delivers visibility across all initiatives. With Practice Management, users can easily create and assign tasks directly within QBOA, which are then automatically marked as complete, once they are finished. Since QBOA is also directly connected to the applications accountants use to perform work, the software will leverage data and user behavior patterns to automate overhead and identify work that needs to get done, eliminating the need for accountants to discover and enter tasks manually. This solution is also fully mobile enabled, so users can access Practice Management anytime, anywhere.
#2: From cumbersome and manual tracking to a unified view of work for managers and team members.
Accountants operate in a deadline-driven reality, and the number of deadlines can be overwhelming. Missing a deadline equates to hefty fines at best, or losing a client at worst. The various processes of tracking due dates can also cause disorganization among employees and leave owners feeling anxious that something may have been overlooked.
Practice Management will allow accounting professionals to stay on top of their firm’s workflow by keeping track of all deadlines, across all employees and across all clients. The new dashboard feature will display an overview of the firm’s workflow and provide visibility into each initiative, track processes and manage notifications, so that users can be confident that no deadlines will be missed. Employees can track jobs by client or team member, while managers can easily see at-a-glance what their team is working on, so that they can plan and adjust projects accordingly.
#3: From spending time tracking down source documents from clients to always knowing what you asked for, what you received and what you’re still waiting on.
Accountants cannot typically communicate with their clients through the accounting software where their work is done, and spend an estimated 65 percent of their time tracking down source documents.
Practice Management allows users to save time and streamline their client collaborations directly within QBOA. Users can send messages to clients within the platform, securely share and access documents, and track the status of requests, all in one place. With Practice Management, accountants can more efficiently communicate with clients and always have insight into what they have requested, what they have received and what is still needed.