Intuit announces revenue sharing program, new bookkeeping workflow features


Intuit introduced a new Revenue Share Program and Books Review and Transaction Collaboration features during its seventh annual QuickBooks Connect user conference, along with a new QuickBooks Online Windows app and more enhancements to its accountant solutions and programs.

The Revenue Share Program, announced by Intuit accountant segment leader Ted Callahan during the virtual conference’s accountant keynote Thursday, expands ProAdvisor Preferred Pricing by compensating accountants for bringing clients onto the QuickBooks Online platform while offering those clients a discount. Accountants can now avoid managing billing as they no longer have to add clients through QuickBooks Online Accountants and pay for their QBO account.

Instead, when accountants start a new QBO or QBO Payroll subscription, they can choose revenue share as the billing option so clients pay Intuit every month and the accountants receive 30% of the billed price for 12 months.

The new Revenue Share feature is still to come, with Intuit seeking early adopters of the program, though accountants who prefer to pay for clients’ QBO accounts directly can still continue that payment method.

Intuit also announced Books Review, a revamp of its end-to-end workflow feature, Month-End Review, introduced last year to break the bookkeeping flow into the three steps of transaction review, account reconciliation and final review. Now called Books Review, this feature will include more capabilities and be adapted to apply to more processes and help accountants deliver books even outside the monthly window. Books Review includes Bookkeeping Setup and Bookkeeping Wrap-up capabilities, with Transaction Collaboration coming soon.

  • Bookkeeping Setup makes it easier to make adjustments to the opening balance and organize issues like bank accounts and redundant accounts;
  • Bookkeeping Wrap-up will give accountants the ability to prepare customized reports to give clients insight into their businesses; and 
  • Transaction Collaboration, coming soon, will help solve the challenge of getting information from clients by allowing accountants to request information and give clients notifications on those requests, all within the QBOA workflow. 

Additionally, after announcing QuickBooks Online Advanced for free for accountants earlier this year, Intuit is now adding free access to the QuickBooks Online Advanced app for Windows to help QBOA users manage their QBO clients regardless of the version they are using.
Intuit also made two announcements around its ProAdvisor program, with the addition of a new QuickBooks Online Payroll Certification and improved ProAdvisor support.

The QuickBooks Online Payroll Certification provides live and on-demand product and compliance training, a certification prep course and a qualifying exam. Intuit’s enhancements to its ProAdvisor support include: decreasing wait times; connecting ProAdvisors to knowledgeable agents; routing calls to the right agents; and hiring more U.S.-based agents.

Products You May Like

Articles You May Like

The Fed is going to cause ‘unbelievable calamities’ if they keep hiking, according to Barry Sternlicht rolls out new features and service enhancements
Deloitte launches artificial intelligence initiative
Dishonesty around money could be a relationship killer, couples say. Here’s what successful partners do differently
Best & Worst Performing ETFs of Q3 2022

Leave a Reply

Your email address will not be published.