QuickBooks Online December 2024 Updates
What’s New in QuickBooks Online: December 2024 Updates
The latest QuickBooks Online updates bring several powerful features to simplify financial management for small businesses. Here’s a closer look at what’s new:
1. Simplified 1099 Filing with Combined Federal/State Filing (CFS)
The standout feature of this update is the new CFS program integration. Filing 1099s has never been easier—file your forms once in QuickBooks, and it will automatically forward the information to both the IRS and participating state agencies.
Why it’s a game-changer:
- Time-Saving: No more separate submissions to state tax agencies.
- Compliance Made Easy: Automatically ensures you meet both federal and state requirements.
- Tracking Simplified: A single dashboard allows you to monitor your filings.
How to use it:
- Verify contractor information in QuickBooks (ensure names, TINs, and addresses are correct).
- Submit your 1099s by the January 31, 2025, deadline. QuickBooks handles the rest.
2. AI-Powered Invoice Generator
QuickBooks now includes an intuitive AI tool to help you create invoices faster and with greater accuracy. This feature uses AI to suggest details based on past invoices and customer data, minimizing manual input.
3. Enhanced Sales Tax Tools
Managing sales tax across jurisdictions is more seamless with the latest updates. New features improve automation, reduce errors, and provide better reporting options.
4. Improved Navigation
QuickBooks has revamped its navigation menus to make finding key features and reports easier. Whether you’re reconciling accounts or reviewing financial performance, the improved layout helps you work more efficiently.
These updates continue to make QuickBooks Online an indispensable tool for small business owners, especially during year-end tax preparation.
For a full breakdown of these features, visit the QuickBooks update page.
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