Quickbooks New Features - 2021

Here's a round up of some of the new improved features for Quickbooks so far this year.

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Updated QuickBooks Cash Flow

The freshly updated QuickBooks Cash Flow lets you see how your business is doing in real time and gives you the details you need to manage your cash flow and make smarter business decisions. Login and select the ‘Cash Flow‘ left menu item to get started today

So what’s new? We’ve added 4 powerful updates to make predicting your cash flow even more accurate:

1. Stay on top of BAS QuickBooks can help to forecast tax liabilities like GST to make preparing and paying your BAS a breeze.

2. Know when your invoices will be paid

Smart predictions make it easy to know when your customer invoices will be paid.

3. See the future of your cash flow We use your bank and QuickBooks activity to predict money-in and money-out up to 1 year ahead.

4. Check your cash flow on-the-go Now available on the QuickBooks Online iOS app and coming soon to Android.

How to use QuickBooks Cash Flow QuickBooks cash flow has two main sections:

  • Cash Flow Overview – Go to Cash Flow > Overview

  • Cash flow planner – Go to Cash Flow > Planner

Cash Flow Overview This page shows your money in and money out for this month. You can view your overall net position or click in the sections to dig deeper and take action towards proactively managing your cash flow, including:

  • Following up overdue invoices with clients

  • Invoicing for unbilled time

  • Reviewing overdue bills

  • Reviewing PAYG obligations

Cash Flow Planner The Cash Flow planner is an interactive tool that forecasts your cash flow, the money going in and out of your business. It looks at your financial history from your bank feed to forecast future money in and money out events. You can also add and adjust future events to see how certain changes affect your cash flow.

Note: If you disconnect a bank account, the data won’t appear on the chart anymore

How to add events for possible money in or money out?

You can manually add events for potential income and expenses. For example, if you have a big sale coming up, add it as an event so it’s part of the forecast.

Important: Events aren’t actual transactions and won’t affect your finances in QuickBooks.

Select the Add Event button.

  1. Select Money in if the event is income, or Money out if it’s an expense.

  2. Give the event a name and enter an amount, then select Continue.

  3. Select the date when the event will occur.

  4. When you’re done, select Save.

To edit or delete an event:

  1. Select and open an event.

  2. Select the Date, Merchant Name, or Amount field, or change whether it’s Money in or Money out.

  3. When you’re done, select Save.

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