During tax season, accounting professionals spend about five hours per client cleaning up their books to prepare them for a tax return. Today at QuickBooks Connect, we announced that we’re integrating ProConnect Tax Online (PTO) with QuickBooks Online Accountant (QBOA) to simplify workflow and save accountants significant amount of time. This one place for books and tax will provide a seamless, end-to-end experience that translates a client’s QuickBooks Online (QBO) books into a tax return, and then e-files that return – all without leaving QuickBooks Online Accountant. The combined power of PTO and QBOA gives multi-service firms revolutionary time-saving features, including:
- Within QBOA, one place to login, and one client list from which to access clients’ data, view e-file status notifications, and bill clients.
- Auto-population of information from a client’s QBO file into a tax return using PTO, reducing errors and saving time.
- With QBO Trial Balance, the ability to view year-over-year variance to help prioritize which returns to review first.
- Link, a free client portal, allows tax preparers to easily gather tax information and connect with clients, accelerating the filing process.
“ProConnect Tax Online goes beyond today’s typical functionality and connects accountants to modern tools they need to work efficiently, saving more time and enabling them to connect with their clients in better ways,” said CeCe Morken, executive vice president of Intuit’s ProConnect Group. “Only Intuit brings together ProConnect Tax Online, QuickBooks Online Accountant and Link into a single experience to free accountants from the manual processes of today, so they can invest more time helping their clients succeed in ways they did not think was possible.”
Also announced today, QuickBooks Self-Employed will be seamlessly integrated into QBOA as well, helping accounting professions who serve Schedule C clients quickly organize their finances and prepare their tax returns. This integration benefits Schedule C taxpayers by linking them to an accounting professional who can provide strategic advice to ensure their long-term success, and presents a huge opportunity for accounting professionals to serve a client base that is currently underserved by the accounting industry.
For more information on the QuickBooks Online Accountant and ProConnect Tax Online integration, click here.