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QB Cash Coming for Accountants

Intuit plans to make QuickBooks Cash available to accountants this spring. The software company this month that Cash is in a phased roll out to users of QuickBooks Online Accountant.

QB Cash, built into QuickBooks, is a bank account already available to small businesses.

The account will be available for firms to use with no monthly fees, minimum balances and a 1-percent annual yield. Accountants have a bank feed connection for all Cash account transactions. They can also create up to 10 envelopes to set aside money for specific purposes. Envelopes must be moved to the available balance in the users primary deposit accounts before they can be used. Transfers must be made via QB Mobile.

Users can also have Instant Deposits for funds processed through QB Payments. Banking services are provided by Green Dot Bank and bank account opening is subject to identification and approval by the Bank, which also provides the QB Visa Debit Card.

Bob Scott
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
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