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Intuit has introduced QuickBooks Ledger, designed for year-end and tax-only clients. Accessible only through QB Online Accountant, the product has a $10-per-month subscription price.
The company says Ledger will be available first in the United States and soon after that in Canada, the United Kingdom, and Australia. However, Intuit did not state the actual introduction schedule in its press release.
Ledger offers automated bank feeds, bank reconciliation, financial statements, 1099 tracking and a transition to tax preparation.
The company detailed enhancements to QBOA, including new advanced roles and permissions. In addition, Chart of Accounts templates are available. Accountants can build from scratch or customize included product-based or service-based business charts of accounts.
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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