It has been a week since 5 of our team members attended QB Connect at the Metro Convention Centre. The conference is held by Intuit each year in 3 locations throughout the world. The conference brings in representatives of many of third-party apps, such as Receipt Bank, and also has many breakout sessions to discuss the future of business and with that how the accounting industry will be impacted.
Intuit also highlights its road map for the next year and beyond. Two of the items on this year’s road map are the fetching of the bank statements with the last transaction of the statement period and the ability to file GST/HST right out of your QBO file.
Bank fetching is fairly straight-forward and many of you are currently using Hubdoc as a way to automatically do this for you. This is also a feature that will be released any day now in Receipt Bank. For those not using a document management program for storing receipts and expenses, this will be a great feature to have right in your QBO file.
In terms of the ability to file sales tax right out of the QBO file, this is one that will require additional changes to what we are currently seeing in QBO today. Vicki was asked to sit down with the product development team and discuss the challenges that she foresees in this area and what we would all need in order for this to be a success. This will be an area that we are keeping an eye on and are anticipating on seeing the first version sometime this spring.
Other items that we can expect to see coming in 2019 are: progress invoicing (currently in beta), advanced payroll on-boarding, and enhancements to QB assistant.
A couple of you have had a sneak peak at progress invoicing.For the advanced payroll something that is currently lacking and will be coming out is the ability to breakout payroll to projects… think true job costing. For the construction and trade industries this is huge. This has been a limiting factor for those of you who were interested in moving out of desktop to the cloud, but it is coming!
If you have not yet tried QB assistant, it is a neat little feature that is available in QB labs. What it allows you to do is ask QBO questions (through text or voice recognition) about your company data. Instead of needing to know how to manipulate your reports, you can talk in real language.
Listen to the following video as Jeff Cates (President of Intuit Canada) asks QB Assistant “Who owes me money”
After another great conference experience, we are looking forward to what 2019 has in store of all of you!