Small businesses commonly use the Envelopes feature to set aside funds for expenses like taxes and payroll.
#Intuit for small business how to#
The planner proactively alerts business owners when cash flow might become a concern and provides recommendations on how to navigate potential challenges.Īnother QuickBooks Checking feature small businesses will continue to enjoy is Envelopes*, which allows them to partition money for planned or unexpected expenditures and avoid spending funds before their intended use. The Cash Flow Planner* delivers powerful insights to help plan for the future by predicting cash flow 90 days out leveraging machine learning and data analysis. QuickBooks Checking will continue to offer industry-leading banking services small business customers have come to love including two key features that help customers better manage their overall cash flow. “A banking solution that’s seamlessly integrated with the QuickBooks platform accelerates our ability to deliver tremendous benefits to small businesses and support them with complete visibility of and fast access to their money, all with total reliability.” “Thousands of small businesses are turning to QuickBooks Checking to manage their cash flow and we’re laser focused on continuing to refine and design an even more robust banking experience with their specific needs in mind,” said Rania Succar, Senior Vice President of QuickBooks Money Offerings. Integrated with QuickBooks Online, QuickBooks Checking also works seamlessly with QuickBooks Payments, which processes $91 billion in annual volume, instantly depositing funds from processed transactions for same-day use at no extra cost for eligible customers.* In less than two years, more than 150,000 small businesses have signed up for a QuickBooks Checking account which has zero opening fees, no minimum balance requirements and no monthly maintenance fees.* Since January 2021 alone, QuickBooks Checking’s active customer base has grown 4x and more than one-third of those customers are new small businesses operating for a year or less.Īs an online and mobile-optimized banking solution, small businesses can apply for a QuickBooks Checking account in minutes and access a range of services and features, including a debit card (physical and virtual)*, a competitive 1.00% APY* on all balances, and bill pay* (checks and ACH) at no additional fee. First launched in 2020 as QuickBooks Cash, QuickBooks Checking has transformed business banking into an active money-management hub that delivers greater cash flow predictability and financial control for small businesses. Comments that include profanity or abusive language will not be posted.MOUNTAIN VIEW, Calif.-( BUSINESS WIRE)-Intuit (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp, today introduced QuickBooks Checking. Intuit may, but has no obligation to, monitor comments. After 90 days, comments are closed on posts.
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Schreiber, J.D., Journal of AccountancyĬlient Relationships 10 reasons for clients to move their brick-and-mortar businesses online (at least partially) Lori Niederlehner, CPA, SPHR, AAAPM, SHRM-SCP.Kimberly Ellison-Taylor, CPA, CGMA, CISA.Jeff Wilson II, CPA/PFS, CGMA, CFE, AFC.Eileen Reichenberg Sherr, CPA, CGMA, Journal of Accountancy.Andres (Andy) Ibarra, CPA/PFS, EA, CFP®.