In the News - July 15, 2022

Have you been following the accounting news lately? Here are some updates from accounting software companies, including July updates from Inuit QuickBooks.

Intuit QuickBooks has several updates this month.

1. The Mailchimp interface with QuickBooks Online allows you to market and increase sales. The updated Mailchimp features enable you to sync data in real-time and remove manual data entry, saving time and enhancing productivity. Mailchimp has a free plan, but now ProAdvisors in the Gold, Platinum and Elite tiers can test out Mailchimp paid plans with a 15% discount. 

To learn how to use the QuickBooks Online and Mailchimp integration, you can read how your peer Jody Linick tested it out last fall or watch an Intuit video about it. 

2. There are two new improvements to QuickBooks Payments to streamline usage. First, there is a new "Accountant Enablement Page" to provide a useful tool listing the features and advantages of QuickBooks Payments, allowing you to advise your clients more easily. Second, Intuit has introduced "Automatic Matching." This new function automatically matches bank deposits to payments using the bank ID, saving you manual entry and improving accuracy. 

3. The Knowify Connector now integrates QuickBooks Online Advanced at no additional charge. The connector allows users to sync data between Knowify and QuickBooks Online Advanced. 

Shopify has completed its acquisition of Deliverr for $2.1 billion. The purchase price included $400 million in Shopify Class A Subordinate Voting Shares and $1.7 billion in net cash. Deliverr started in 2017 to provide a hassle-free logistics network and currently ships more than a million orders each month for thousands of merchants across the United States. The acquisition was designed to increase Shopify's investments in supply chain concerns and simplify fulfillment for merchants. 

AvidXchange has announced an API for Acumatica. The new API (application programming interface) provides an automated, end-to-end purchase-to-pay (P2P) process, allowing AvidXchange to expand its vertical expertise and technology to customers in its most well-known industries, including construction, technical, business services, retail, and manufacturing.

Tally Solutions is stepping in to fill the void in India when QuickBooks no longer provides products or services in the country in January 2023. Tally announced that its extensive partner network and TallyCare customer service center are well prepared to support a seamless transition.