july2021 - 13

SPONSORED CONTENT
Enhancements to QuickBooks Invoicing
Speeds Up Payments for Your Clients
OVER THE LAST several months, there have been many
new and improved features for QuickBooks. Now, Intuit is
sharing details on innovations it has added to the QuickBooks
Invoices' solution to deliver an even more intuitive,
powerful, and fast payment experience for your clients.
Any business needs to get paid
fast, and Intuit has long been a leader
in supporting faster invoicing payments,
helping businesses send more
than 400 million invoices amounting
to over $1 trillion each year. As the
company continues to listen to all of
our customers and expand the benefits
QuickBooks Payments provides, it
looks forward to these enhancements
helping you evaluate your clients'
books in real time, and empowering
you as strategic, impactful advisors.
A DYNAMIC, REBUILT
ESTIMATE FEATURE
Estimates are important for a wide
variety of professions. With the newly
rebuilt estimate feature, your clients
can create professional looking estimates
in just a few minutes, whether
they are at their desk or out in the
field. Now, they can save templates,
build a library of favorites, and copy
existing estimates and invoices to
save valuable time when starting new
projects.
After sending an estimate, your
clients will have complete visibility
into when they've landed the job
by knowing when the customer's
estimate was viewed and accepted.
Best of all, clients will know they've
been paid through the estimates list
and activity tracker.
" For small businesses, growing
your company means being able to
convert more leads into new business,
delivering on time, and staying on top
of cash flow, " says Gagan Shah, leader
of the Product Management Team for
QuickBooks Invoicing. " These new
changes make QuickBooks Invoicing
an even more powerful tool because
small businesses can now easily send
a professionally designed estimate,
get their customer to approve it and
pay a deposit online, and be ready to
get going on the project, all within
minutes. "
For those on the receiving end of
the estimate, new tools simplify the
experience and help them take action.
Through QuickBooks
Estimates,
potential customers can easily accept
the estimate online in one click. Soon,
a customer will also have the ability
to pay a deposit if one is required to
seal the deal and free up cash flow for
any upfront expenses.
ADDITIONAL INVOICE
FEATURES
There are a number of other enhancements
to QuickBooks Invoices:
Sending invoices. When the
invoice is ready, your clients can send
an invoice from a Gmail address or
by text message as a shareable link.
QuickBooks will also offer smart suggestions
to accelerate payment. These
smart suggestions are based on an
assessment of the client's profession,
recommending email subject lines
and invoicing terms that can help get
a customer's attention - and get your
client paid faster.
" The new estimate creation
experience is also available on the
QuickBooks mobile app, " says Shah.
" Sharing the estimate and invoice link
via text message is already seamless,
and the screens that the payer sees
are also optimized for mobile, with the
ability to use Apple Pay and Google
Pay to pay an invoice from their
phone. Together, these features make
the entire customer relationship and
payment experience easier to handle
on the go through mobile devices. "
Adding tips or gratuities. Another
enhancement is the addition of tips
or gratuities, giving your clients the
opportunity to earn even more money.
If this feature is enabled, a client's
customer will be able to add a tip to
their invoices to recognize them for a
job well done.
Subscription payments for
invoices. Some businesses have recurring
relationships, such as monthly
fees for services or other types of
ongoing payments. Now, through
subscription payments for invoices,
your clients can set up automatic
payments for recurring invoices.
In addition, clients can schedule
payments for their invoice on a future
date or set up automatic payments
JULY 2021 ■ www.CPAPracticeAdvisor.com
13
(available on recurring invoices only)
and have access to see all of their outstanding
invoices. These convenient
features - along with automated email
reminders for unpaid invoices - help
ensure a customer won't miss a payment.
Your clients will get their money
faster, while eliminating time spent
chasing down outstanding invoices.
" When small businesses have a
recurring engagement with the same
customer, we're also finding that
our new auto pay option is driving
much higher rates of payment for
subsequent invoices, " says Shah. " This
improves predictability of cash flow
and helps accountants have a more
accurate, real-time picture of their
clients' books. "
For information about how QuickBooks
Payments can help you and
your small business clients, please
visit https://quickbooks.intuit.com/
payments/. ■
The ProAdvisor
Spotlight is sponsored by
https://quickbooks.intuit.com/payments https://quickbooks.intuit.com/payments http://www.CPAPracticeAdvisor.com
july2021

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