MOUNTAIN VIEW, Calif. - Intuit Inc. has released a new version of QuickBooks® for the Web, its online accounting solution for service-based businesses. QuickBooks for the Web provides automation of customer billing, enabling small businesses to get paid faster by sending statements and receiving electronic payments automatically. The new version also includes check printing, auto recall and report customization.
QuickBooks for the Web automatically creates and sends statements by e-mail or fax at regularly scheduled intervals prescribed by the user. The new version includes an "Accept Online Payments" feature, allowing business owners to receive electronic payments from their customers via credit card or direct account transfer. Once the online payment is received, the transaction is automatically recorded within QuickBooks for the Web. Intuit provided the following example of how QuickBooks for the Web's automation works:
A landscaping business schedules QuickBooks for the Web to automatically generate and send statements via e-mail to clients each month for services rendered. Those clients can then pay the company online using the "Accept Online Payments" feature. The company receives the payment, and the transaction is automatically recorded in QuickBooks for the Web.
"Our vision is to automate accounting tasks, so small business owners never have to enter data twice," said Scott Cook, co-founder and chairman of Intuit.
Additional features include:
- Check Printing - Users can write and print checks.
- Data Entry Reduction - With its new auto recall feature, QuickBooks for the Web automatically fills in previous transaction data on checks and forms.
- Reconciliation - Users enter the bank statement's opening and closing balances and use the automated reconciliation feature to check off cleared transactions.
- Create Reports - New report filters and customization options let small business owners create and access reports needed to make business decisions. QuickBooks for the Web now has 40 reports, including reconciliation reports, employee phone list and employee contact list.
For more information about QuickBooks for the Web visit www.quickbooks.com.