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[title] => Update your tech stack and beat the tax time blues
[alias] => update-your-tech-stack-and-beat-the-tax-time-blues
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Discover how the QuickBooks suite of accounting, tax and practice management tools can streamline your workflows and boost your productivity.
[fulltext] =>
If you’re a QuickBooks accountant or bookkeeper, you’ll sleep soundly at night as we head into busy season, the end of the tax year. That’s because the QuickBooks suite streamlines workflows and gives you confidence you’re running your business and your clients’ accounts as efficiently as possible. If you’re new to QuickBooks, now’s the time to review your tech stack and make sure it’s fit-for-purpose in the lead up to 30 June.
This is the first in a ten-part blog series that will cover how the QuickBooks suite manages key workflows like tax lodgement, practice management, client engagement and more. Much of the content for these pieces was drawn from QuickBooks 2023 roadshow, where accountants and bookkeepers got the opportunity to learn all about the QuickBooks suite made up of QuickBooks Online Accountant, QuickBooks Tax powered by LodgeiT and QuickBooks Online including QuickBooks Payroll.
This online suite includes everything you need to run your clients’ books and manage your practice from anywhere, at any time. Being an integrated solution, there’s no need to re-key data across these systems, so there’s less chance of error and every chance your business will benefit from efficiency gains.
Taking us on our journey of the QuickBooks suite over this blog series will be our fictitious accountant, Emily Everest, who many met at the recent QuickBooks roadshow. Through Emily, we will explore everything the QuickBooks suite of accounting, tax and practice management tools have to offer. She’s going to show us how to use many features that have the potential to transform the way you work.
But first, to introduce our three product heroes.
Introducing the QuickBooks suite
1. QuickBooks Online Accountant
Is a cloud-based solution that helps accountants and bookkeepers streamline their workflow, store documents, capture time, invoice clients and deliver enhanced client service. The main dashboard provides accountants and bookkeepers with access to exclusive tools for managing client accounts, tracking work and collaborating with your team and clients.
Its features include:
- Client management: record client information, share documents, access their financial data and collaborate with them from a central dashboard.
- Work management: assign team members’ tasks, track progress and manage deadlines.
- Time and billing: capture time and invoice client efficiently
- Reports and analytics: generate practice reports and analyse financial data.
- Integration: integrates with QuickBooks Online and QuickBooks Tax powered by LodgeiT and third-party apps like Mailchimp, Ignition and more.
2. QuickBooks Tax
Powered by LodgeiT is cloud-based tax and BAS preparation software. It streamlines the preparation and lodgement of BAS and tax returns, managing client information and tracking deadlines. It saves time and reduces errors during tax season.
Its features include:
- Automated data import: automatically import client data from QuickBooks Online and other accounting software.
- Built-in calculators: for managing depreciation and hire purchases for example.
- Client management: manage client information, track deadlines and generate reports.
- Collaboration: collaborate with clients and team members in real-time, with access to a shared dashboard and messaging system.
- Electronic approvals: streamline your BAS and tax workload with unlimited e-signature approval functionality.
3. QuickBooks Online
Is an easy-to-use, powerful and flexible cloud-based accounting solution that helps accountants, bookkeepers and small businesses manage their finances. It includes functionality for quoting, invoicing, expense tracking and financial reporting. Exclusive functionality for accountants and bookkeepers streamlines the BAS and EOFY accounts preparation process.
Its features include:
- Automated bank feeds, coding and collaboration tools.
- Dynamic quoting and invoicing with mobile access
- Bill tracking and payments.
- Tailorable financial reporting.
- Integration capabilities with other business applications like Mailchimp and Shopify.
Benefits fit for a Pro
Now you know all about how the QuickBooks suite can streamline your practice and take the stress out of tax time.
Did you know tax and BAS lodgements are free with QuickBooks Tax powered by LodgeiT? Get unlimited e-signatures and increased productivity backed by AI.
Our experts can walk you through your first lodgement to discover the huge time savings QuickBooks Tax can deliver for your BAS or Tax workflow. Book a non-obligation demo with your local partner manager today.
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