april2022 - 2

SPONSORED CONTENT
New QuickBooks Business Network Automates and
Streamlines Collaboration for QuickBooks Online Customers
THE QUICKBOOKS BUSINESS Network, a new service for
QuickBooks Online customers, is designed to simplify
and streamline administrative tasks, while also creating
an efficient business management experience that brings
an enhanced ability to connect and collaborate with other
QuickBooks Online community members.
The network and its features are currently rolling out in phases to accountants
and their small business clients. It is expected that all U.S. accountants will
have access in summer 2022, making the network one of the largest communities
of accountants and small businesses in the country.
A STREAMLINED, EFFICIENT
BUSINESS MANAGEMENT EXPERIENCE
Featuring advanced workflow automation tools, the Network creates a userfriendly
business management experience that makes collaboration and doing
business with other QuickBooks users simple and seamless.
In addition, by using the network, QuickBooks Online users will have the
ability to partner with QuickBooks vendors, automatically import bills, easily
predict their cash flow, and more.
Time-saving enhancements include the following:
■ A searchable directory of QuickBooks users. When adding a new contact
or sending an invoice, your clients can now access a searchable directory of
thousands of businesses also using QuickBooks Online through the QuickBooks
Business Network. This expedites the process of partnering with QuickBooks
vendors and clients.
■ Enhanced accuracy of contact information. The network also eliminates inefficiency
by giving users direct access to the most accurate contact information
for customers and vendors. Clients will get automatically populated forms
that eliminate the burden of time-consuming manual entry and possible data
entry errors.
■ Security and safety of user data and information. In alignment with Intuit's
dedication to providing the most secure business management environment
possible, all of the information in the network database remains secure within
the QuickBooks ecosystem.
■ Integrated accounts payable automation creates workflow efficiency. When an
invoice is sent to another network member, a bill will automatically be created
for them in their QuickBooks account, ready for their review and approval. The
recipient will also receive in-product bill alerts to remind them to take action.
■ The ability to automate recurring payments in QuickBooks Online. Customers
can be invoiced every day, week, month, or year. This is enabled with the set
up and scheduling of recurring payments with the autopay and schedule pay
options to ensure payments are accurate and always on time. When a QuickBooks
Business Network member receives an invoice, a notification is sent in addition
to the usual email. Users are then able to review the invoice and save it directly
to their payable bills. Instead of manually uploading and typing in the details
2 APRIL 2022 ■ www.CPAPracticeAdvisor.com
of the invoice, a digital copy of it is present with all the information already
completed. Once it is saved, it is automatically added to QuickBooks.
■ Privately connect with a vast number of other QuickBooks users. Any
customer-facing business contact information is only visible to members of
the network. Business contact information includes your client's company
name, customer-facing email, company phone, website, and limited details of
customer-facing addresses, including city, state/province, and ZIP/postal code.
All other account information will be hidden from the network.
Users can view and update their information from Account and Settings
inside their QuickBooks Online account. By making this information accessible,
the network introduces a way for businesses to search, connect, and reliably
do business with each other.
Visibility in the network can also be turned off. QuickBooks customers will
be notified prior to being added to the network, having the ability to set their
company to " invisible. " Companies with an invisible setting will not appear
in the network and will not be able to access the network. This will also turn
off services related to automated invoicing, and billing will be unavailable to
your clients. Companies at any time can revisit their " invisible " preference in
their account settings.
Get ready for the QuickBooks Business Network. Users will be notified via
an in-product message when they log in. ■
The ProAdvisor
Spotlight is sponsored by
http://www.CPAPracticeAdvisor.com
april2022

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