Skip to main content

Quickbooks Support Readies Latest Product to Lessen Impact of Covid-19

 Quickbooks is the most popular online accounting program introduced by Intuit, a U.K based company. It is being used by thousands of small and medium sized businesses for bookkeeping and overall financial management. Quickbooks support has now decided to add new innovative features to its product as part of its summer release to help its customers in recovering from the negative impacts of Covid-19. 

The most important of these features are as follows.

  • An improved planner for cash flow 
  • Integration of PayPal into the program
  • A payroll feature to calculate the wages of employees on prolonged leave
  • New improved features for small and medium sized businesses in the fields of construction and accounting.

It is a known fact that over half of all small businesses fail within the first year of their launch. This is a figure before the arrival of corona virus pandemic. One can easily assume how many more businesses are going to fail because of negative impacts of Corona this year. This is the reason Intuit came up with these innovations to help businesses recover well and reduce chances of failing because of corona virus. 

Cash flow problems are the number one reason behind collapse of businesses in the first year of their operations. One can only imagine the worsening cash flow situation for business owners in a post Covid world. To help these customers, Quickbooks support services have made available their updated cash flow planner to all the customers. Earlier, this planner was available to only those customers using iOS based operating systems. This improved planner is backed by open banking and AI and thus capable of giving insights into cash flow situation in real time to the business owner. It means they can take better decisions in time to take their businesses on the path to recovery.

The cash flow planner has been made so strong that it can accurately predict cash flow situation 3 months from now. It can also tell the business owner likely impacts on the business with decrease in the number of workers and also that of customers. 

With most businesses allowing prolonged leave of absence to their employees, owners find it difficult to calculate their salaries. The new feature of payroll that easily calculates the actual wages to be paid to each employee based upon his salary before Covid-19 has solved the headache of business owners. This feature has allowed business owners to deal with furloughed employees without any delays. This feature also makes it easy for the company to accept employees reporting to work after a long shutdown and their return to normal payrolls seamlessly. 

Late payments from customers are another major reason why new businesses fail in the first year of operation. The new feature of integration of PayPal into the software by Quickbooks enterprise support allows customers to make payments using their credit and debit cards or through PayPal. This integration means the problem of late payments has been solved to a great extent by Intuit. 

Comments

Post a Comment

Popular posts from this blog

Apple May Withdraw Ios 15 Support to Iphone 6s

If you are still using iPhone 6 or iPhone SE, there is disturbing news for you. According to rumors doing rounds these days, Apple may not allow owners of these old smartphones a chance to upgrade to iOS 15. The nest update to iOS is expected in 2021. As is the practice in Apple, owners of older iPhones are allowed to upgrade to the latest version of the operating system. It gives these owners a sense of comfort as they are able to enjoy the same level of functionality as the owners of most recent iPhones. End of  iPhone 6s support  for iOS 15 means it is time to buy a new iPhone .Software support is one of the biggest reasons why iPhones enjoy so much of popularity among the people. Buyers do not get automatic upgrade of operating system when they buy Android smartphones. Apple has realized this big advantage and so keeps providing software updates to customers for 4-5 years. This is the reason why people are willing to a much higher price for an iPhone even though they can b...
Post a Comment
Read more

An insight into the ways to fix LG TV Not Connecting to WiFi

 A problem remains a problem until you learn about the ways to settle it. Once, you learn how to tackle the errors, it’s no more a problem for you. Surviving in a world with advancements in technology, one must know the measures to deal with the possible issues. Nowadays, TVs are connected to WiFi to experience uninterrupted entertainment. But this too carries some problems associated with it. Today, we will be discussing one common connecting issue relating to the LG TV.  LG TVs are well known for their high-quality picture but there are some common complaints made by users relating to them. One such highly recorded complaint made by the user is the “LG TV not connecting to WiFi”. It has been recorded that sometimes users face difficulty in connecting their TV with a WiFi connection.  So, in this read, we will look at the causes that lead to the emergence of this issue and after then we will dive in to find out the ways to settle the issue on our own. So, are you rea...
Post a Comment
Read more

Visa and Quickbooks Enable Fast Access to Money for Business Owners

 A vast majority of small and medium scale business owners are seen lamenting about the slow speed of money processing. They say that the time it takes for the money to be processed and show in their bank accounts is too long after a customer has made the payment. Slow money processing has an adverse impact on the cash flow of the business.  Quickbooks support  has now made a difference to this situation by giving a faster, almost real time access to cash to the business owner after receiving payment from a customer. The new feature introduced by Quickbooks is called Instant Deposit and it makes available cash instantly to the business owner almost at the same time when a payment has been made by a customer. These business owners can access this money using their Visa debit cards to improve their cash flow situation. To be able to use this facility, all that Quickbooks users have to do is to integrate Visa Direct capabilities into the new feature announced by the company...
Post a Comment
Read more