Industry benchmarks have been added to the Business Performance Dashboard as part of QuickBooks® Online Accountant. The feature is one of the additions to QBOA for July.
To utilize the benchmark data, clients select their industry Business Performance Dashboard generates benchmarks based on nearby businesses with similar revenue. The benchmarks are built on anonymized QuickBooks data.
Also provided is a new month-end review, which Intuit says incorporates accountants’ best practices. The feature makes it possible to have missing information and errors automatically identified while also automatically creating financial reports for the review period. In addition, recommended check lists are available.
Intuit says users will soon be able to track client status across their firms.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Monday, 27 July 2020
