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New QuickBooks Online Features: 24-Hour Direct Deposit, QuickBooks Capital and 1099 Contractor Convenience

New QuickBooks Online Features: 24-Hour Direct Deposit, QuickBooks Capital and 1099 Contractor Convenience

As you may know, Intuit is always looking to enhance your experience – and your business – through the power of QuickBooks Online (QBO). And, by being in the cloud, you’ll never have to upgrade or load in a new version of QBO.

Here are some of the latest features:

24-Hour Direct Deposit

Setting up payroll days in advance can be challenging and stressful, especially when you’re low on cash flow. That’s now a thing of the past with 24-Hour Direct Deposit in QuickBooks Online Payroll and QuickBooks Full Service Payroll.

That’s right – you can now enjoy one-day processing to submit your payroll – and this feature is free! This means you can compensate employees faster, have cash on hand for an additional day, and experience the flexibility and control of running payroll when and how you want it.

It’s a win-win for you and your staff. Click here to learn more.

QuickBooks Capital

Need to hire more staff or purchase more inventory? Another new feature to hit QBO is QuickBooks Capital. Now, within QBO, small businesses can apply for loans to get more money to grow their businesses.

You simply fill out an online publication, and in minutes, you are done. Then, in 2-3 short days, you will get the decision, and if approved, you can receive up to $35,000.

For more information, click here.

1099 Contractor Convenience 

You may have heard of the Latin phrase omne trium perfectum that says everything in three is perfect. I’m going to second that in this case.

The third new feature within QBO is all about 1099 contractor convenience. Now, contractors can set up QuickBooks faster, while employees can deliver 1099s much easier through QuickBooks, without all the paper. This puts the power and control in your hands, which in turn makes it easier for Sound Business Services come tax time.

Don’t have time, or maybe you’re on QuickBooks Desktop? No need to worry! We offer electronic filings of 1099s and can set it up for you. We use Track1099, which handles both QBO and QuickBooks Desktop.

You Can’t Do It Alone – We are Here to Help

While Intuit makes everything easy and convenient for you, our help and expertise is key to getting you the best solutions when and how you need them. Otherwise, you are facing some very complex issues and spending way too much time away from doing what you do best: running your business and pleasing your customers.

So, whether you are already experiencing QBO, feel ready to take the plunge or simply are using QuickBooks Desktop, we are here for you. Contact us today to learn more about these features and many others, and you’ll be on your way to growing your business and improving your work/life balance.

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