Intuit QuickBooks today announced the launch of QuickBooks Online Accountant in India – an online application management solution specifically designed to take its applications to the next level for Chartered Accountants (CAs). It helps CAs grow their applications and manage their customers in one place.
QuickBooks Online Accountant comes with powerful features to make CA’s life easier. Real-time customer collaboration allows CAs to access and manage their customers (quickbooks online and non-QuickBooks Online) a single sign-in a time and anywhere.
CAs no longer need to chase their customers for documents because the product allows them to send and receive documents in real time. Further increases the productivity of your team by providing the ability to add projects and tasks and assign them to a team member or customer.
QuickBooks Online Accountant is the result of a year of extensive research through “follow me home.” The Intuit QuickBooks team has made more than 1,000 ‘follow me’ with CAs in India to understand the challenges they face in running their apps.
The four main issues that emerged from the exercise were the time spent in manual data entry, chasing customers for information, the numerous steps required for GST filing, and the complex process involved in the vehicle and input tax credit reconciliation.
QuickBooks Online Accountant eliminates reass reass dependence on multiple solutions for CAs. They can now use a single software to manage accounting for all their customers, file GST returns, and manage their applications. Intuit QuickBooks India Country Manager Aditi Puri Batra said QuickBooks Online Accountant will make their day job easier and give them the extra time they need in one day.” Well-equipped accountants are becoming an increasingly valuable resource in India, where the number of small businesses is growing rapidly. Accounting experts play an important role in improving the success of small businesses. Globally, we found that 75 percent of accounting professionals agree that using QuickBooks Online Accountant increases the efficiency of their firms. ” he added.
QuickBooks Online Accountant follows the 2012 launch of QuickBooks Online, one of India’s leading online financial management solutions for small businesses. Two products, QuickBooks Online and QuickBooks Online Accountant, allow CAs and their customers (small businesses) to work together in real time and share information securely.
With more than 4.5 million customers supported by more than 1 million accounting professionals worldly, QuickBooks Online Accountant, Intuit’s most important offering, not only allows CAs to manage their apps, but also helps them grow their apps.
The small business base in India is expected to grow from 75 million in 2019 to 105 million in 2024. Currently, more than 70 percent of small businesses in India are digitally enabled; in an advanced productivity phase where they enjoy the benefits of cloud-based solutions such as accounting, customer relationship management, and enterprise resource planning.
The addressable marketplace for Intuit QuickBooks is 12 million service-based small businesses that use workflow productivity tools. These small businesses are now served by 0.15 million (1.5 lakh) of working CAs that adopt technology and shift their apps to the cloud to better cut their customers.
“I have been using QuickBooks Online since the product was launched in India. It has been a boon for a small company like ours as all functions are accessible online. Since I can run a virtual office from anywhere, I think the new product QuickBooks Online Accountant will be a great tool. Abidance BPM Services co-founder Karthikeyan Ramamurthi said Sworn Accountant Karthikeyan Ramamurthi.
The advantages and capabilities of QuickBooks Online Accountant specifically designed for India include:
- Localized offering
- Local currency billing (INR)
- GST Compliant
- Wholesale billing options (for rebate, discount, and value pricing flexibility)
- Deadline management system
- Platform to manage the books of the accountancy practice
- Strong access controls
- Protected data access
- Password protection
- Audit log system
- Customizable management reporting system and
- User-friendly for clients across industries
What is Intuit QuickBooks India?
Intuit QuickBooks India is a subsidiary of Intuit Inc., makers of QuickBooks, the world’s No.1 online accounting solution for small businesses and accountants, with more than 4.5 million customers. Launched in India in 2012, QuickBooks Online helps small businesses in the country thrive by making more money, eliminating business and being more confident in financial decisions.
It helps accountants better serve their customers in the SaaS era and grow their practices as future accounting practitioners. Intuit is based on the basic principles of customer-driven innovation and strengthening well-being through an ecosystem of innovative financial management solutions. For more information, visit us in QuickBooks Online India and follow us on Facebook.
What is Intuit?
Intuit’s mission is to Strengthen Prosperity Worldwide. We are a global financial platform company with products such as TurboTax, QuickBooks, Mint, and Turbo designed to empower consumers, the self-employed, and small businesses to improve their financial lives. Our platform and products give customers complete confidence in their actions and decisions while helping them make more money with the least work. Our ecosystem of innovative financial management solutions serves approximately 50 million customers worldwide. For the latest news and in-depth information about Intuit and its brands, please visit us and find us on social media.