What's New in QuickBooks Online 2020

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By Karma Khorlatsang - November 05, 2020

QuickBooks Online has many features that work differently than they do in desktop versions. One of the best features is businesses, accountants and bookkeepers can remotely work from anywhere and help the businesses grow with right support staff especially in this environment. Some of the new features that were integrated recently to help entrepreneur, small and medium-sized businesses are:

1. QuickBooks Insurance: Businesses needs to be ready to mitigate unforeseen issues more than ever in this environment. One of the best ways to protect your business from unfortunate events is to find an affordable coverage, tailored to the unique needs of your business.

2. Reclassify Transactions: the function is now available in QuickBooks Online Advanced. Reclassify Transactions can be accessed from Batch Modify screen for admin use roles.

3. Bill.com: has now integrated with QuickBooks Online Advanced. This will help the businesses the ability to streamline payments and associated workflows.

  • Now through Nov. 20, 2020 QuickBooks Online Advanced customers get 3 months of Bill.com for free, including setup assistance, with no subscriptions required.

4. Apps for QuickBooks Integration: Some of the new apps that integrate with QBO to work smarter and make your life easier are:

  • Gilded: Syn Bitcoin, Ethereum, and cryptocurrency transactions
  • MagicPay Sync & Invoice Payments: Sync transactions and Invoice payments
  • ValidCheck: Send eChecks to eliminate inefficiencies and fraud
  • Receipt Bank: Sync the data from your receipts and bills

For more information about QuickBooks Online and to see if it is the right fit for your business, please contact Karma Khorlatsang, Certified QuickBooks ProAdvisor Online, at 847-956-1040.

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