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.
