The Future of AI in Quickbooks!

The world is continually getting smarter by the minute, so it should be no surprise that our beloved Quickbooks will also be reaping the benefits of a smarter life. 

Tax day is getting closer and closer. With that looming, we encourage you to visit our offices and be prepared for April 15th. Electronic submission opened on January 27th, so if you are ready to submit your tax documents electronically do so now. If you need help doing so, please visit us. If you are waiting to send everything manually, you'll have to wait a little bit longer. With the continued growth in technology, the future of tax day and the effort it takes to get there is going to become simpler and easier. Artificial Intelligence has made its way into the interface of Quickbooks, and we are very excited to see what this new development will bring to our clients, their clients, and the future of filing taxes. 

This past November was the 6th annual Quickbooks Connect, an annual conference designed to bring together business owners and professionals to discuss how to run their businesses better. This year the topic was the exciting emergence of Artificial Intelligence (AI) and how it will help businesses grow in ways we've not seen before. As a huge proportionate of Quickbooks, we are so excited to see the growth and change in their new applications. 

LOOKING FORWARD 

• When working with us and using Quickbooks online, the new Business Performance Tab will take your financial data and organize it all into an easy and functional dashboard. This will help us see where your small business stands, what it needs, and we will have the tools to compare it to the performance of other small businesses. This new function will also be a huge time saver. 
• The new optimization center will automatically scan all Quickbooks transactions to record everything from categorization and reconciliation. It will break down bank accounts, expense tracking, and income tracking. This new Quickbooks function will tell you what features can be used to increase efficiency within each of these categories. 
• Good news for those who don't want to go back in and double-check your work and numbers in your bookkeeping! The latest update will find any mistakes for you and bring them to your attention. You will have the chance to fix them right when they are discovered, saving you time and keeping your books in top-notch condition. This will help business owners stay up to date, and have accurate outcomes every single time. 
• You will now be able to connect to an online virtual bookkeeper to get the help you need right then and there. You will no longer have to wait for a question to be answered while other issues start to build up and everything gets lost in the shuffle. 
• These new updates will now help you predict cash flow over 90 days. 
• It will alert you if any negative issues arise involving this 90-day cash flow and how it will change your spending. 
• Much More! 

This exciting new application of Quickbooks will have many other incredible tools to help your small business run better than ever before. We are so excited to see this continue to evolve and to see what these new applications will do for our clients! Don't hesitate during this busy tax season to come in and visit us if you have any questions about Quickbooks or your taxes! Until then, enjoy this new update, never let a question go unasked, and get your taxes is on time!