QuickBooks Online Account is an online practice management solution that is specifically built for Chartered Accountants (CAs). It helps CAs to grow their practice and take it to the next level and to manage their clients all in one place. QuickBooks Online Account has some very powerful online features like Real-Time client collaboration features which allow the CAs to access and manage their clients anytime and anywhere with both Quickbooks Online as well as offline. It allows the CAs to send and receive their documents online as well as it also enhances the productivity of the team by providing the ability to add projects and tasks and make them assign their clients and team members.
The four major points that come that give the pain to the CAs were wasting time on manual data entry, chasing clients for information, multiple steps, and tools required for GST filing and the last one that is a complex process involved in input tax credit reconciliation. Now QuickBooks Online Account solves all these complexities so that CAs can use the software and do their works efficiently.
Benefits of QuickBooks Online Account to the CAs:
Quickbooks Online Accounting helps the users to work and manage their teams, clients as well as projects and added many advantages :
- Manage workflows effortlessly – It tracks clients and their projects in one place from the starting to the end so there is no disorganized work and the workflow can be managed easily.
- Comply with complete confidence – One has to make sure that the books are done right with advanced audit trails and also the ability to close prior periods.
- Collaborate in real-time – The customer can access the books of the clients anytime, anywhere to answer questions of the users quickly. Set permissions inside your team to manipulate get access to the client’s data.
- Access exclusive benefits – When you sign the clients up through QuickBooks Online Accountant then the client will get 50% off for a life as well as you will use QuickBooks Online Accountant for free after you sign up 3 paid clients.
- Real-time document exchange so that the CAs can stop chasing the clients for documents.
- Higher team productivity by assigning clients and team members by adding projects and tasks.
- Automatic bank updates to update the transaction smoothly automatically.
- Dedicated training and support to support the clients and customers.
- Anytime, anywhere online access is very efficient.
Benefits of QuickBooks Online Account to the Clients:
Quickbooks Online Accounting is not only beneficial to the CAs but also for the clients with availability on mobiles like IOS and Android and additional advantages :
- Data security & backed up – It is secured as a bank and multiple backups done every day ensures that the data of the clients is safe & up-to-date.
- Say goodbye to the box of slips – The clients can take pictures of receipts by scanning, attach them to expenses, and categorize them easily directly from their mobile device.
- Be better prepared for tax time – The client can record the transactions to auto calculate your GST return boxes for easy IRAS filing.
- Business standards –The clients can see how their business is performing with real-time reports and dashboards instantly.
Key Advantages for the clients:
- GST made easy so that you can create and send professional GST-compliant invoices for your clients.
- Professional, GST-compliant invoices to create, customize and send professional GST-compliant invoices and send them through mails.you can also track the invoices and send the reminders.
- Cash Flow Management to take a real-time view of your cash flow. You can connect to Bank and import categories and transactions. You can also schedule recurring payments.
- Inbuilt Management Report to get a 360 view for your business. You can create custom reports, see all unpaid and late invoices, and get complete visibility to your sales.
I want to conclude that QuickBooks Online Accountant is best suited for firms or CAs who want to do their work in an efficient manner by arranging and organizing the teams, clients as well as projects and dividing them to increase productivity. For CAs the Quickbooks is helpful in document exchanging, high team productivity, automatic bank updates, dedicated training and support, and online access from anyone anytime. Regarding clients, QuickBooks Online Accountant has the advantage of data backup and security, transaction records, business standards as well as using the mobile devices for work either IOS or Android. So there are many features of QuickBooks online Accountant which helps both the CAs and their clients.