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QuickBooks innovation is the best for Doing Business: modernization

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Attendees were able to experience firsthand the ways QuickBooks ever developing ecosystem continues to evolve, delivering personalized experience through a trusted open platform while building indispensable connections between customers, partners, and products. – PowerPoint PPT presentation

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Title: QuickBooks innovation is the best for Doing Business: modernization


1
QuickBooks innovation is the best for Doing
Business modernization
  • Why is QuickBooks innovation best for business?
  • Intuit is starting a wide range of Artificial
    intelligence and machine learning powered
    innovations at the fourth yearly QuickBooks
    Connect conference.
  • Attendees were able to experience firsthand the
    ways QuickBooks ever developing ecosystem
    continues to evolve, delivering personalized
    experience through a trusted open platform while
    building indispensable connections between
    customers, partners, and products.
  • We all know that QuickBooks is the essential
    accounting software for business, self-employed
    and small firm ecosystem in the world, joining
    more than 7 million users who work for themselves
    to half a million accountants and 5000
    application developers said Sasan Goodarzi,
    executive VP, the small business group at Intuit.

2
  • Three best ways to do business are
  • ? Smart Money
  • Money is a backbone for people who work for
    themselves. They cannot continue without it.
  • But every day, self-employed and small business
    compete to manage their cash flow.
  • They compete to get paid on time, face friction
    obtaining loans they need to grow, and often
    juggle managing payroll.
  • There is three modernization that makes
    QuickBooks the bright way for small businesses
    and the self-employed to organize their money
  • ?Access to capital
  • In the latest research, 70 of the new business-
    those in the first 5 years of operation- say they
    want funding to grow, but only 23 of them are
    able to use it. QuickBooks Capital raised to
    eliminate the friction from the lending process.
  • It provides a breakthrough credit model built on
    26 billion QuickBooks data records to that will
    help new small businesses overcome the barriers
    they have faced in accessing small-dollar loans.

3
  • ?Getting paid
  • It takes a small business a normal of 45 days to
    get paid in the wake of sending a bill, and 64
    of small businesses have an invoice that has been
    outstanding for more than 60 days.
  • Intuits new QuickBooks payments help small
    businesses get paid more than two times faster.
  • Small-scale industry can build a
    payments-enabled receipt in few second, with
    their hours, expenses and mileage populated
    automatically.
  • Their buyers then have the flexibility to pay
    online by credit card or free bank transfers.
    QuickBooks clients will also soon have the option
    of accepting payments by PayPal and Apple Pay.
  • They can also use Google to send QuickBooks
    invoices from within Gmail, view the status and
    get paid online.
  • ?Paying Employees
  • One of the largest cash-flow problems for
    small-scale business is managing payroll.
  • Thats why QuickBooks Full Service Payroll now
    offers the 24-hour Direct deposit

4
  • Smart Decisions
  • Every day, people who work for themselves make
    decisions for their business, and often times
    they are estimating or deciding without all the
    proper insights or details.
  • QuickBooks has watched others make this
    determination before and can arm clients with
    insights based on a large number of transactions
    and several years of experience.
  • Leveraging machine learning and data-driven
    insights, QuickBooks is becoming predictive and
    proactive, intelligently anticipating critical
    turning points, making buyer smarter and more
    confident in the decisions they need to make for
    their business.
  • Latest examples of these features in action at
    QuickBooks connect include
  • ?Proactive and predictive help
  • QuickBooks assistant is a new, virtual assistant
    that delivers financial insights so businesses
    never need to run a report.
  • It just takes a couple of moments for QuickBooks
    Self-employed buyers to use QuickBooks assistant
    to share how much money they earned last month,
    how much tax they will pay at the end of the
    year, how long their latest cash flow will last,
    or even how profitable the most recent buyer was
    compared to the last five.

5
  • ?Doing the work for you
  • We know that people who work for themselves waste
    very important hours every month trying to manage
    their business, from getting data like as income,
    expenses, mileage, receipts, timetable, etc into
    QuickBooks to putting it into the right
    categories or applying it to the right customer,
    employee or project.
  • ? Smart Connections
  • Intuit knows that individuals are at the center
    of the small firm- from repeat purchasers to
    accountants, employees, and vendors- these
    individuals can make or destroy a business.
  • As a network, QB is connecting self-employed and
    small-scale businesses to the staff, buyers,
    partners, and tools they need to succeed and
    thrive- improving awareness, access, and control
    and preparing it safe for teams to scale and
    grow.

6
  • The network is already fueling success by
  • ?Accountant collaboration
  • The major factor behind the success of many QB
    users who work for themselves is their
    accountant 89 say they are more successful when
    they work with an accountant.
  • Intuit currently re-imagined the Find a
    ProAdvisor platform, and today the algorithm
    interconnects almost 1000 small businesses to
    accountants every single day worldwide.
  • More than 700000 accountants globally use
    QuickBooks Online Accountant to organize their
    clients and run their practice and the practice
    management workflow solution provides them one
    place to grow and manage all their clients and
    runs their entire business from books, to tax,
    payroll, payments and the third-party
    application.
  • QuickBooks is making them more effective than
    ever before by helping them deliver insights to
    make their clients more successful.

7
  • Connecting to apps you use
  • So many people use more than 15 different type of
    apps to run their business. Intuits app store
    now has more than 500 application and they all
    integrate with QuickBooks seamlessly.
  • Intuit is preparing it even secure for accounting
    experts to integrate the application into their
    clients QuickBooks Online books.
  • This is present now in beta as an early-access
    program, accounting experts can provision,
    organize and offer their small business clients
    special pricing on apps when purchased through
    QuickBooks Online accountants.
  • Expensify, Method CRM and Tsheets are three apps
    initially participating in this early access
    program.
  • ?Lighter Capital Intuit Developer Fund
  • Third-party app developers play an important in
    small business success on the Intuit QuickBooks
    Online Platform. For software developers, getting
    the resources they want to scale and grow rapidly
    can be difficult.

8
  • Together, Intuit and Lighter capital have
    partnered to create a 15 million dollar fund for
    developers designing application for Intuit
    QuickBooks, giving them access to 50000 to up to
    2 million dollars to help them get to the next
    level, without giving up or control of their
    firm.
  • Lighter capital can provide funding to well
    establish firms in about 4 to 6 weeks, using a
    secure online application process. Software
    Developers can know more about the new lighter
    capital intuit developer fund.
  • Do you want to know more about what type of
    QuickBooks innovation and modernization in 2017.
    If yes, then call our QuickBooks customer service
    phone number 1-855-441-4417.
  • Related Article/Blog
  • QuickBooks innovation best for business
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