Skip to main content

Quickbooks Support Readies Latest Product to Lessen Impact of Covid-19

 Quickbooks is the most popular online accounting program introduced by Intuit, a U.K based company. It is being used by thousands of small and medium sized businesses for bookkeeping and overall financial management. Quickbooks support has now decided to add new innovative features to its product as part of its summer release to help its customers in recovering from the negative impacts of Covid-19. 

The most important of these features are as follows.

  • An improved planner for cash flow 
  • Integration of PayPal into the program
  • A payroll feature to calculate the wages of employees on prolonged leave
  • New improved features for small and medium sized businesses in the fields of construction and accounting.

It is a known fact that over half of all small businesses fail within the first year of their launch. This is a figure before the arrival of corona virus pandemic. One can easily assume how many more businesses are going to fail because of negative impacts of Corona this year. This is the reason Intuit came up with these innovations to help businesses recover well and reduce chances of failing because of corona virus. 

Cash flow problems are the number one reason behind collapse of businesses in the first year of their operations. One can only imagine the worsening cash flow situation for business owners in a post Covid world. To help these customers, Quickbooks support services have made available their updated cash flow planner to all the customers. Earlier, this planner was available to only those customers using iOS based operating systems. This improved planner is backed by open banking and AI and thus capable of giving insights into cash flow situation in real time to the business owner. It means they can take better decisions in time to take their businesses on the path to recovery.

The cash flow planner has been made so strong that it can accurately predict cash flow situation 3 months from now. It can also tell the business owner likely impacts on the business with decrease in the number of workers and also that of customers. 

With most businesses allowing prolonged leave of absence to their employees, owners find it difficult to calculate their salaries. The new feature of payroll that easily calculates the actual wages to be paid to each employee based upon his salary before Covid-19 has solved the headache of business owners. This feature has allowed business owners to deal with furloughed employees without any delays. This feature also makes it easy for the company to accept employees reporting to work after a long shutdown and their return to normal payrolls seamlessly. 

Late payments from customers are another major reason why new businesses fail in the first year of operation. The new feature of integration of PayPal into the software by Quickbooks enterprise support allows customers to make payments using their credit and debit cards or through PayPal. This integration means the problem of late payments has been solved to a great extent by Intuit. 

Comments

Post a Comment

Popular posts from this blog

How Can We Control the Spread of Covid-19?

 Covid-19 is a pandemic that has engulfed the whole world in its grip at present. Simply referred to as Corona virus, it is a deadly respiratory infection that causes several symptoms in the victim that usually appear after 2-14 days of catching the infection. These symptoms are dry cough, fever, shortness of breath, body aches, and fatigue. In many patients, Corona virus remains asymptomatic which means that they do not exhibit any of the symptoms associated with the virus and yet serve as deadly carriers of the virus for the rest of the population. How does Corona virus spread? Corona virus is a highly infectious disease that can be easily spread by an infected individual through coughing or sneezing. The droplets coming out of the mouth and nose of the infected individual can easily infect other people coming in his contact. Also, these droplets containing virus can remain active for hours on various surfaces and infect others who touch them.  Prevention is the only cure ...
Post a Comment
Read more

Google Admits to a Security Flaw Affecting 1.5 Billion of Users

 Google has finally admitted to vulnerability that has security repercussions for nearly 1.5 billion of its users. This security flaw was brought to the notice of Google two years ago by researchers at Black Hills Information Security. These researchers had claimed that vulnerability in Google Calendar app was enough for hackers to allow hackers to steal information from he computers of users of Gmail around the country. It is only now that  Gmail support number  is acknowledging the existence of this security flaw. Google did not take any steps to fix this security flaw back in 2017 as it would have resulted in drop in functionality for the users of its Google Calendar app. This was despite the fact that these researchers demonstrated how this vulnerability could be exploited as a weapon by hackers to steal information from the computers of users of Gmail. At that time, Google said that its policy was to prevent spread of malicious content on the services offered by the ...
1 comment
Read more

Threats Increasing for Mac Devices, Feels Malwarebytes

 A new study carried out by Malwarebytes has revealed that threat detections for Mac computers have been on a rise in 2019. This study done by Malwarebytes lab researchers focused upon top threats for Windows, Mac, and Android based devices. They found that out of top 25 threats, 6 were mainly found on Mac devices. This is not an unusual statistic but when one takes a look at relatively small numbers of Mac devices in comparison to Android and Windows devices, he feels this is a relatively high number. If you are a Mac user, you can confirm this finding by contacting  Malwarebytes help number . The same sentiment was echoed by Malwarebytes Mac and Mobile Director Thomas Reed. He said that 16% threats for Mac devices is not a big number but it becomes interesting when one takes a look at the relatively smaller numbers of Mac devices being used by consumers these days. Reed also added that the presence of Malwarebytes on Mac computers is also 1/8 in comparison to Windows based c...
Post a Comment
Read more