More than 1 in 2 (55%) respondents say working with these clients keeps job satisfaction high. Accountants aren’t just leveraging technology for added benefits in their work — they’re also choosing to partner with more tech-advanced clients. On average, nearly a third (31%) of respondents’ clients are “tech advanced”. In addition to financial management, a larger share of respondents indicate that clients have needed more support with technology management this year (72%) compared to last (64%). Outsourcing is positioning accounting firms to scale up and lower risk.
REP payment methods and processing times
Accountants are stepping up to the challenge and leveling up their work. Just as accountants are embracing technology and enjoying business success, their clients are following suit. On average, 6 in 10 (60%) respondent clients have grown profits over the last 12 months. Implementing or optimising accounting technology solutions (63%) is the service respondents say they’ve delivered that has contributed the most to their clients’ increasing profits. Outsourcing is allowing accountants to save time on compliance work and leading to new growth opportunities.
Financial management in demand
Have the check number, amount, tracking payintuit or, and any other identifying information ready when calling. To make a payment to your Remote Entry Processing (REP) account, there are several methods available. Lacerte doesn’t charge fees for any of the services mentioned. Confirm with your bank if they charge any fees using Online Bill Pay. Learn how to get set up, pay your team, find HRsupport and benefits, and sync with accounting soyou can manage everything in one place.
Outsourcing is building a better business model
Advancements in technology are reshaping the accounting profession, and the use of AI is leading the charge. Data shows that contrary to popular belief, accountants are embracing AI and leveraging it to boost efficiency and help give them the foundation necessary to provide strategic business advisory. Connected accounting, expense management, payments, and payroll in one place.
When customers no longer have an active, paid subscription, they will not be eligible to receive benefits. Support hours exclude occasional downtime due to system and server maintenance, company events, observed U.S. holidays and events beyond our control. Intuit reserves the right to change these hours without notice. Terms, conditions, pricing, service, support options, and support team members are subject to change without notice. As a result, businesses are increasingly turning to accountants as trusted advisors, rather than just compliance specialists.
- Intuit QuickBooks commissioned an online survey in March and April 2024 of 1,046 accountants (all adults aged 18+) throughout the UK.
- Learn how to get set up, pay your team, find HRsupport and benefits, and sync with accounting soyou can manage everything in one place.
- On average, nearly a third (31%) of respondents’ clients are “tech advanced”.
- Accountants probably aren’t worried that AI will replace them — they’re likely more worried about accuracy.
- Intuit Inc., or its affiliates do not warrant that the material contained herein will continue to be accurate nor that it is completely free of errors when published.
- Eight in 10 (81%) respondents agree that accounting firms making more use of technology are more likely to survive periods of high inflation and interest rates.
Accountants probably aren’t worried that AI will replace them — they’re likely more worried about accuracy. While all respondents expressed some concerns about the advancement of AI in the accounting industry, job replacement (11%) was low on the list. For respondents, accuracy and reliability of AI-generated information (36%) and data privacy (20%) ranked as the biggest AI concerns. Payments sent via postal mail can take Business days to post to My Account. Dates are subject to change, so use caution if making a payment to your REP account when on AutoPay.
- Percentages have been rounded to the nearest decimal place so values shown in data report charts and graphics may not add up to 100%.
- Credit or void a transaction to a REP account is hours.
- Terms, conditions, pricing, service, support options, and support team members are subject to change without notice.
- From uploading and sharing documents to requesting e-signature and automating l-9 compliance, do it all from one easy-to-use platform.
- Our experts can help you stay compliant, interpret reports, and reveal insights to help you succeed.
- On average, businesses that report gross payroll cost savings save 4.64%.
for 3 months*
Check out this video to see how to view your pay stubs, time off, W-2s and track your time in the new mobile app. Learn how to see and print your pay stubs online or in the Workforce mobile app. You can also see your time off balances and year-to-date pay. Reduced profitability due to increased costs of doing business (57%) is the top challenge respondents’ firms have faced during the current economic landscape. Our experts can help you stay compliant, interpret reports, and reveal insights to help you succeed.
Troubleshoot missing pay stubs or incorrect pay or tax info
We’ll set up your payroll for you with QuickBooks Payroll Elite. With QuickBooks Payroll Premium, we’ll review your setup to make sure everything is correct. Find everything you need from employee benefits to hiring and management tools.
There are a few reasons you may not see all of your pay stubs in your account. Once your employer has invited you to QuickBooks Workforce and you’ve set up your account, you can view your paycheck details, time off balances, and total pay for the year. By accessing and using this page you agree to the terms and conditions. Credit or void a transaction to a REP account is hours. For hours of support and how to contact support, click here. QuickBooks Online Advanced supports the upload of 1000 transaction lines for invoices at one time.
Percentages have been rounded to the nearest decimal place so values shown in data report charts and graphics may not add up to 100%. As last year’s survey insights revealed, technology is helping to free up time to focus on taking on more of an advisory role to clients. Technology is cutting time with compliance, and creating a new standard of excellence when it comes to strategic business advisory.
The current economic landscape is pinching clients’ pockets too. Respondents say maintaining profitability despite inflation and higher interest rates has been the biggest challenge clients have faced over the last 12 months. Three in 10 (30%) say it’s been the greatest difficulty for clients — more than twice the number who say compliance (13%), scaling their business (13%), or increased competition (13%).