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

Popular posts from this blog

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...

Quickbooks Desktop is Moving Towards Higher Automation

 Intuit is a company that doesn’t want to sit upon its laurels. This is why it keeps improving its products every year. All products whether it is Quickbooks online, Quickbooks Desktop, or Quickbooks Pro get regular updates that are taking them towards higher levels of automation. According to  Quickbooks customer service , the main objective behind these updates is to make these products more efficient than before. With cloud hosting being the norm these days, there is no doubt that consumer loves this approach of the company. This approach also helps in increasing the revenues from the business. Here is how Quickbooks Desktop is inching towards higher automation. Speedier transfer of money Quickbooks desktop now comes with an inbuilt powerful feature of reminder emails for payments. As these are template based emails, it is possible to standardize them and use for different customers. This means you can now expect your accounting software to also work for increasing your re...

Quick Tips on Data Backup & Backup Recovery

 Data backup and recovery is of massive importance for any business irrespective of its size and nature. This is why any business owner should not dare to take this process lightly. Any lapse on the part of the company and it can lead to massive losses both in terms of business and lost clients. Whether you are doing it with the help of a service provider or your own IT department, you must ensure that your data is being backed up and its recovery is possible quickly in real time. Many business owners do not know a thing about data backup and recovery and they even do not know where to turn to when they needdata backup & backup recovery help. Backups done on a daily basis Data loss can prove to be a disaster for a company. All operations come to a standstill and there can be a deluge of complaints and cancellation of orders. There are different ways in which a business can avoid likelihood of data loss. Daily data backup is one of the best lines of defence is to go for. If da...