QuickBooks into The Future – Wow Look At This!

by Laura Madeira | December 15, 2010 1:09 pm

Easily Share QuickBooks Data Between Clients and Accountant’s

Want to win a copy of QuickBooks Premier 2011? Follow these rules:

1. Read about this new product in development
2. Leave a comment here with this blog post about what you think of the proposed product
3. Take a screenshot of your comment and email to news@quick-training.com[1]
4. Include your name, full shipping address. Winners will be notified next week.

Product Development at Intuit for QuickBooks includes a potential new product “QuickBooks Shared Books”.

This new product (no time frame on delivery date), would solve for the following:

• Streamlining the process of getting and returning client QuickBooks files, often a tedious, error-prone and time consuming task
• Allowing the Accounting Professional instant access to clients’ most updated master QuickBooks files at any time without the client’s involvement.

They are currently in development for this product, learning from accounting professionals on what solution would work best.

Current methods of sharing data include:

• Physical File (USB or Floppy) – 24% *
• Accountant’s Copy – 21% *
• Email/Portal Exchange – 19% *
• Remote Access – 8% *
• ASP (Hosted) – less than 1% *

*based on Intuit study

These methods each have their limitations in working with all features in QuickBooks and each of these methods represents major wasters.

Shared Books (still in development) hopes to bridge this gap by providing a direct connection (via Intuit’s Servers) to the client file. Shared Books does not provide simultaneous use. However when either party updates the files, both parties will get the updates automatically. QuickBooks Accountant is required to use Shared Books. The shared QuickBooks file does not leave the US or Intuit. Uses 128-bit encryption for data security – as safe as e filing through Intuit or online banking.

Check out this YouTube video describing the new tool currently in early development stages:

http://www.youtube.com/watch?v=6X7XIlp3CAA

Source URL: http://www.quick-training.info/2010/12/15/quickbooks-into-the-future-wow-look-at-this/

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