Intuit Updates QuickBooks Online by Enhancing Important Features

Wednesday, August 29, 2012 Print Email

In their bid to offer QuickBooks users with improved features, Intuit has added a number of updates to QuickBooks Online, which include, enhanced banking related features, tracking income related transactions as well as an Intuit Application Center for third-party apps that merge with QuickBooks Online.

Intuit has also added an all new income related list that enables users to input and view information on unpaid, paid and unbilled monies. In addition to this, another feature ‘Downloaded Transactions’, that has been designed to automatically import as well as categorize new transactions from the credit card or bank account of a user, has also been added to QuickBooks Online. Once a user categorizes a particular transaction for one time, QuickBooks Online will remember it and apply the rule accordingly. A user can also exercise control on the transactions that they intend on seeing in their books as well as view all and the latest recoded transaction without the need for logging into credit card or bank accounts.

Several users faced immense problems with regard to online banking, when it came to using the earlier QuickBooks Online versions. However, now that it has been updated, they will be able to solve their problems easily. The new feature allows the users to add new vendors to their list and also assign locations and classes as per their requirements.

QuickBooks Online now also comes with another feature called Money Bar, which basically helps in centralizing income related forms that includes sales receipt, estimates and invoices. It also provides a summarized report after totaling the due transaction items as well as those transaction items that were due in past and provides guidance to the users to take instant action.

Kevin Kirn, product manager of QuickBooks Online group stated that apart from adding new and updated features, the company has also spent an amount of 300 million dollars on the complete data structure in the past ten years. Intuit has now setup facilities across the U.S. even as QuickBooks Online is hosted up in Washington and the company has backup facility in Las Vegas. He also mentioned that even though they have had to struggle in the past, they are now offering an uptime of 99.9%, which makes them really fast and efficient.  

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