QuickBooks Online New Features 2024, Functions & Improvements You Must Know

QuickBooks is a small & medium business accounting software that offers many features and functions to manage sales and expenses and also keep track of daily transactions. You can also use it to invoice statements, customers pay bills, generate reports for planning, tax filing, and more. So use QuickBooks Online New Features and boost up your business. Here in this article, we are going to tell you about the features, improvements, new add-on’s all the related stuff, so go through the article to collect all the information. For More Info contact our QuickBooks ProAdvisor toll-free: +1-844-405-0904

It has been designed for small businesses, startups, freelancers, bookkeepers, and independent accounting firms. QuickBooks Online offers a wide variety of features and functionality you can use and cut down the time you spend on complex accounting tasks and focus more on the attention-demanding responsibilities of your business.

QuickBooks can perform real-time finance monitoring and generate reports based on your data. Hence, it makes it easier to get insights into your sales performance, expenditures, and other crucial financial data. To make the platform better QuickBooks Online was built for compatibility with both desktop and mobile devices, allowing you to access your data and manage your finances even if you are not at your office.

QuickBooks Online delivers both fresh and enhanced features to help you pay faster while creating data that makes your employees more effective for their role in your company. Here’s what is involved in the QuickBooks Online 2021 release and using QuickBooks Online will benefit your business.

What’s New in QuickBooks Online

QuickBooks has added and improved some features to make accounting better for all QuickBooks Online users. here we have mentioned some of the new features of QuickBooks Online, have a look;

  1. Smart Card Reader

QuickBooks has introduced its mobile smart card reader to get paid faster. It works like a digital wallet payment. Just insert, tap, and pay. The processing fee of QuickBooks mobile smart card reader is less than 1%. You can also get the free trial version of the card reader in QuickBooks Online.

  1. QuickBooks, Square Integration

Now work together with QuickBooks, and the Square app. It will save your time and will function accounting activities smartly. All of your Square sales transactions will be imported automatically into QuickBooks by this integration and improved feature. You can select a single transaction or a daily summary according to your need and can bring data from multiple locations.

  1. Do Banking in One Place

With QuickBooks Online, you need not go here and there. QuickBooks Online improved its feature and made the facility of doing banking in one place. Easily get paid with QuickBooks payment. Get all of your banking details in one place, and earn 1.00% APY on the QuickBooks checking balance.

  1. QuickBooks Commerce

Increase brand awareness, and manage your products across multiple channels with QuickBooks Commerce. Get the right time notification, when the stock is less, and track the sales across the channels.

  1. Custom Tags

A custom tag is completely new in QuickBooks Online. This is developed to customize labels of the tracked money in business. take advantage, and track, what is important for you. With this, you get the report, of where you are spending your money, and where you are making money.

  1. QuickBooks, Amazon Integration

The QuickBooks, and Amazon integration, reduce manual data entry and allow to the collection of more detail of the item description for each transaction. Easy to categorize the transactions, and match the transaction with this integration.

  1. Track Employee Expenses

The QuickBooks Online Advanced version can track the employee expenses, and provides the advanced report to you. It captures the receipts and reduces the need for manual data entry. You can track all of the expenses in one place.


This feature is one of the most demanding features among accounting pros. In the latest version of QuickBooks Online, you can handle multiple clients’ files at once. There is no sifting for different browsers signing in and out of multiple accounts. In a single place, you just log in once to access all your QuickBooks Online clients.

How does it work?

Here are some steps to show how it works:

  1. First, tap the drop-down (on the top right corner) and select the clients you want to work for.
  2. Here, a new tab will open for your client, and now you’re ready to work.
    • With your convenience, open as many tabs and windows as you immediately jump between clients and tasks.
    • To keep your workflow fully organized, you will easily shuffle your clients from one tab to another.
    • You can drag or drop windows even across the screen.

Besides multi-client support, all time-shaving functions are saved with this updated app which you already love like:

The Other Available Features & Functions in QuickBooks Online:

Read the following to know about the various features and functions of QuickBooks Online;


  1. Invoices sales forms

A customized invoice, even semi-stylized ones, is an opportunity to enhance the understanding of your business. You can edit the layout, design, and data fields that appear on your invoices through the Custom Form Styles module.

QuickBooks offers you allow to create and change the look and feel of your sales forms in QuickBooks that reflect your brands. You can also create a custom template for some specific transactions or customize a standard template for all transaction types with some effort. A custom template has advanced customization features available for invoices, estimates, and sales receipts only.

  1. Processing Transactions

Quickbooks offers different types of transactions such as customer transactions, bill payments, or bank transfers. You can create, set up, and record your transaction in QuickBooks.

The users must know how many customers owe them, develop clear policies, and plan accordingly especially for sustaining your business.

The accounting software also offers some tools and simple review techniques that you can incorporate into you that will help you professionally manage open and overdue payments.

  1. Payments and Online banking

The Banking page in QuickBooks is where you can connect your accounts and download your transactions, which are also known as the “bank feed”. Setting up a bank feed in QuickBooks will help save your time as it can reduce and sometimes eliminate data entry.

By online banking or connecting your bank accounts to QuickBooks Online, you can automatically import transactions recorded by your bank to save a lot of time. Using the online banking feature you can improve your efforts and make ensure that all your income and expenses will get into QuickBooks so you have financial reports and hence a perspective of your business performance.

  1. Items and Lists

In QuickBooks item is anything that a company purchase, sells, or resell in business, such as products, shipping, handling charges, discounts, and sales tax (if applicable). It shows up as a line on an invoice or in the form of other sales forms.

Lists are very important in QuickBooks so users must know how to create, set up, and use the list in QB. The list is used to record the items so you can calculate depreciation further. If you do not make any list, then you need to collect the information when you calculate loss or gain from the sale.

  1. Financial reports

In QuickBooks, you can generate a financial statement from your business records with no manual calculations. You can adjust financial report columns and their contents to show only the specific information you require. You can customize all your financial reports in this way. You can also create statements for every individual customer listing their transactions.

  1. Employees

In QuickBooks, you can manage your company’s employee list and payroll information easily. You can keep a record of everything using the employee center. It’s very simple to add new employees to your database and help keep track of multiple employees with the same name. Other detailed information about the employee such as name, and address, will show on employees’ paychecks and W-2 forms.

  1. Stay Organized

It is important that the finances of your business must be organized and Quickbooks help you to do that. If the record of your transactions is not maintained then business owners can face problems while filing for taxes. Quickbooks help you to stay organized by recording transactions with proper categorization, creating effective reports and budgets, and preparing year-end transactions to avoid tax issues.

Criteria that QuickBooks Online Follows

  • QuickBooks Online is a 1-year subscription This product is intended for customers who are new to QuickBooks Online and do not currently have a QuickBooks Online account
  • Easy to set up, learn & use – no software to install and personalized for your business
  • QuickBooks Plus includes all QuickBooks Essential features and provides Bill Management& Payment, Smart reporting powered by Fathom, Accelerated invoicing, and Custom user permissions, Includes up to 5 users
  • Manage your business on the go – Access your data anytime, anywhere – on your PC, Mac, or mobile devices
  • Make a great impression – Create and send professional invoices straight from QuickBooks
  • Need expert support? Our agents are ready & available to answer all of your questions at no additional cost
  • Save time and reduce data entry errors – QuickBooks Online automatically pulls in data from your bank and credit card
  • Get instant insights into the health of your business – Track income, expenses, and profit information all in one place
  • Expand your QuickBooks Online functionality – Easily sync with popular apps like TSheets, Method CRM, Fundbox, and 350+ more
  • Automatic data backup & product updates

That’s all for now. We’ll be there with the latest features and functions when added to the QuickBooks Online app. Hopefully, this post proves to be informative to you. Before taking any action, we must discuss it with QuickBooks ProAdvisor or an expert because maybe this will save you time but one mistake can damage all your information. So, don’t take the risk.

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