QuickBooks Introduces Spreadsheet Sync to Address Pain Point for Small & Medium-Sized Businesses

Rhea-AI Summary

Intuit has launched Spreadsheet Sync for QuickBooks Online Advanced, enabling two-way synching with Excel. This integration aims to enhance data accuracy and reporting flexibility for mid-sized businesses. A survey revealed that 30% of customers required Microsoft integration for efficient data management. Spreadsheet Sync minimizes manual entries, allowing bulk uploads and edits of transactions. Key benefits include keeping data synced, providing deeper financial insights, and combining Excel's effectiveness with QuickBooks Advanced.

Positive

• Launch of Spreadsheet Sync enhances data accuracy for QuickBooks Online Advanced users.
• Integrates Excel for flexible reporting, addressing the needs of 30% of surveyed mid-sized customers.
• Minimizes manual data entry, reducing errors and saving time for users.

Negative

• None.

New integration offers two-way synching with Excel for more accurate data and flexible reporting

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, today announced Spreadsheet Sync for QuickBooks Online Advanced (Advanced), which enables two-way synching with Excel. Spreadsheet Sync expands Advanced’s capabilities for mid-sized businesses around reporting and analysis. In a recent QuickBooks customer survey of mid-sized businesses (those with 10 to 100 employees), approximately 30% of customers proactively named integration with Microsoft as the #1 integration requirement to help them efficiently maintain data accuracy.

Spreadsheet Sync, minimizes manual data entry and the complications of CSV imports and exports without having to use or learn a completely new tool. Customers can connect their QuickBooks Online Advanced data directly to Excel, enabling them to build customized reports and analyses, and perform bulk uploads and edits, without compromising on convenience or data accuracy. These live-data reporting capabilities let customers bulk upload and edit transactions from Excel back to QuickBooks. Customers can consolidate data from multiple companies in Advanced.

“We know our customers know their spreadsheets, and we believe that we can make their lives easier by connecting the power of spreadsheets to QuickBooks Online Advanced,” said Kelly Vincent, QuickBooks Vice President of Mid-Market Small Business at Intuit. “Bringing this crucial ability to easily sync data with spreadsheets will help our customers save time, reduce errors and build the highly customized reports, analyses, budgets, forecasts and visuals they need to make informed decisions for their businesses.”

Key Benefits:

1. Keeps data in sync: Add and edit data in bulk in Excel and sync it directly to Advanced. Spreadsheet Sync helps users avoid manual errors and provides confidence in accuracy of data.
2. Provides deeper financial insights: Track business performance by leveraging Excel to customize reports with Advanced data. Pre-made templates, consolidated reports for multiple companies, and refreshed data are accessible in a single click.
3. Combines power of Excel and Advanced: Manipulate data and create flexible workflows with familiar tools when Excel and Advanced work together.

To learn more about Spreadsheet Sync, visit: https://quickbooks.intuit.com/r/quickbooks-online/whats-new-in-quickbooks-online-april-2022/.

To learn more about QuickBooks Online Advanced, visit: https://quickbooks.intuit.com/online/advanced/.

About Intuit
Intuit is the global technology platform that helps consumers and small businesses overcome their most important financial challenges. Serving more than 100 million customers worldwide with TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit, our products and services, and find us on social.

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Intuit QuickBooks:

Lyda Scrogings

Lyda_Scrogings@intuit.com

Jen Garcia

Jeng@accesstheagency.com

Source: Intuit Inc.

FAQ

What is the new feature launched by Intuit for QuickBooks Online Advanced?

Intuit has launched the Spreadsheet Sync feature, allowing two-way synching with Excel.

How does Spreadsheet Sync benefit QuickBooks Online Advanced users?

It enhances data accuracy, reduces manual data entry, and allows for flexible reporting with Excel.

What percentage of customers highlighted the need for Microsoft integration?

Approximately 30% of mid-sized business customers indicated the need for Microsoft integration.

What are the key features of Spreadsheet Sync?

Key features include syncing data, providing deeper financial insights, and leveraging Excel's capabilities.

How does Spreadsheet Sync impact data management for businesses?

It minimizes errors and streamlines the process of maintaining data accuracy and reporting.