Intuit QuickBooks Canada Announces AI-Powered Product Updates

Today at QuickBooks Connect Toronto, Intuit QuickBooks Canada announced new AI and ML powered product updates that will enable accountants and bookkeepers to continue to conduct smarter business operations and remain ahead of their competition – now and into the future.

Updates include:

  • NOW LIVE Business Performance Overview: The new Business Performance tab in QuickBooks Online Accountant automatically takes a client’s data and pulls out what is needed — key figures, useful indicators, actionable items and more — and organizes it all into one simple, visually driven dashboard.
  • COMING SOON Optimization Centre: The new Optimization Centre gives accountants, bookkeepers an objective measure of how effectively they’ve set up each client through an efficiency score, plus concrete recommendations to improve efficiency moving forward.
  • COMING SOON Bookkeeping Review: This new expert feature within QuickBooks finds errors automatically so accounting professionals don’t have to go hunting for them — giving accounting professionals high-quality books in a fraction of the time.

Additional product innovations unique to the Canadian market were also announced and include:

  • New Sales Tax Centre: Currently live across Canada, the Sales Tax Centre has received significant investment and updates. Customers can now apply a payment to multiple filings, track partial payments, and adjust how they’re applied even after they’re recorded.
  • Groupings & Statements in Workpapers: This new Workpapers feature in the online Pro Tax offering give accounting professionals the ability to simplify their financial statements by grouping accounts, adding notes and attachments, adding a reference code/leadsheet, and then offering a formatted Excel doc to print off.
  • Standard Payroll investments:  Significant improvements continue for Standard Payroll. Starting in December, employers will now be able to track, calculate and support Taxable Benefits (non-cash) in product.

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