As an international ProAdvisor with US clients, some of whom on QuickBooks Online Advanced, I have been waiting and wondering if or when my Canadian clients would be able to have access to the Advanced product as well.
The wait is over. As of this month, QuickBooks Online Advanced is now live in Canada.
Here are some of the features you can expect to see in QuickBooks Online Advanced:
- Performance Centre (previously a QuickBooks Online Accountant only feature) allows you to create custom charts, dashboards and layouts.
- Reclassify Transactions in batch (previously a QuickBooks Online Accountant only feature)
- Overview (previously a QuickBooks Online Accountant only feature) is a snapshot of the client’s books in terms of banking activity, reconciliations, common issues and transaction volume
- Up to 25 billable users (compared to 3 for Essentials and 5 for Plus), in addition to unlimited Time tracking only and Reports only users
- Custom Roles allows for more granular user permissions and better security when you do set up those additional users, helping you make sure that sensitive information is seen only by those who should see it
- 3 accounting firm users (compared to 2 for any of Easy Start, Essentials and Plus)
- Unlimited user-created general ledger accounts on the Chart of Accounts (compare that to a maximum of 250 user-created accounts in Easy Start, Essentials and Plus)
- Unlimited classes and locations (compared that to a maximum combined total of 40 classes and locations in QuickBooks Online Plus)
- Backup & Restore at no extra charge, using QuickBooks Backup, formerly known as ChronoBooks (it is included, but you do have to set it up for any company new to QuickBooks Online Advanced)
- Enhanced Custom Fields, including free-form, date selection and other field types, as well as dropdown menus. Up to 12 fields per form are available, meaning there are a total of 156 custom fields to be used. (Compare that to 3 “free-form only” fields for sales forms in Essentials and Plus and an additional 3 “free-form only” fields in purchase orders in QuickBooks Online Plus)
- Import Budgets from CSV files, as opposed to manually entering them into QuickBooks Online Plus
- Workflows, which can be set up to automate certain administrative and accounting tasks such as sending a recurring statement to a customer, notifying suppliers about a payment, and approval notices for invoices and bills
- Task Manager, which sends out reminders to selected users regarding tasks they should be completing (such as completing a PD7A or paying GST/HST)
- Export reports to Google Sheets, not just Excel or PDFs
- Premium care and support from a team of dedicated QuickBooks Online Advanced experts
A QuickBooks Online Advanced subscription retails for $140 per month (vs. $44 per month for Essentials and $66 per month for Plus).
As is the case with cloud software and general and QuickBooks Online in particular, the feature set of QuickBooks Online Advanced is ever-evolving and expanding.
While QuickBooks Online Advanced in Canada currently does not have all the features of its counterpart in the US, it will be rolling out new features in the near future, including those that enhance reporting, benchmarking and ease expense management.
For more information, CLICK HERE. To book a call to see QuickBooks Online Advanced and how it can work for you, CLICK HERE.
Sales can be reached at 1-888-829-8589.
Esther Friedberg Karp is an internationally-renowned trainer, writer and speaker from Toronto, where she runs her QuickBooks consulting practice, EFK CompuBooks Inc. Consistently in Insightful Accountant's Top 100 ProAdvisors, she has been named to the Top 10 twice.
A ProAdvisor in three countries, she has traveled the world with Intuit, spoken at QuickBooks Connect in San Jose and Toronto, among other places, and has written countless articles for Intuit Global.
Esther has been named one of the “Top 50 Women in Accounting,” a “Top 10 Influencer” in the Canadian Bookkeeping World, and is a repeat nominee for the “RBC Canadian Women’s Entrepreneur Awards.” She counts among her clients many international companies, as well as accounting professionals seeking her out on behalf of their own clients for her expertise in multi-currency and various countries’ editions of QuickBooks Desktop and Online.
She can be reached at esther@e-compubooks.com or 416-410-0750.
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