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We can help you to repair damaged QuickBooks filesIntuit Inc.: Intuit Partners With Octopus Energy To Provide Renewable Options To UK QuickBooks Employees & CustomersXero Vs QuickBooks: Accounting Software ComparisonGilded Launches Crypto Tool For QuickBooks that can not be opened. Recover current data files by updating an old QuickBooks file or backup with current information from the transaction log.
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Call Now Intuit Inc. (Nasdaq:INTU), a global technology platform that helps its customers and communities overcome their most important financial challenges, has announced its first partnership to empower its employees and QuickBooks Online (QBO) customers in the UK to transition to renewable energy as part of its 2030 climate positive goal. Intuit has teamed up with the UK's largest renewable energy provider, Octopus Energy, to provide alternative energy solutions, including solar, wind and water to its employees and customers. A first of its kind for Intuit, the program engages key stakeholder groups in a concerted step toward reducing global greenhouse gas emissions by 50 times the company's overall 2018 output by 2030. This climate positive pursuit follows the completion of Intuit's goal of being 100% powered by renewable energy in 2020, 10 years ahead of its 2030 target. This is an important step in the company's efforts to further improve its footprint, moving beyond its direct impact and promoting sustainability outside of its four walls. The company is measuring the impact of this climate-positive goal for employees, customers, communities and partners, working with each group to find ways to collectively act on climate change. If just 1% of UK QBO customers switch to 100% renewable electricity with Octopus Energy, it will reduce carbon emissions by 30,000 metric tonnes per year, larger than Intuit's current carbon footprint for its global operations. "At Intuit, we know we need to look beyond at our own operations to achieve the global reduction target of 1.5°C, working together across our entire value chain," said Sean Kinghorn, global sustainability leader at Intuit. "Through this partnership with Octopus Energy, we're making it easy for our employees and customers to choose sustainable alternatives in their daily lives, helping move the needle to save our planet." Connected by Intuit's platform, employees and QuickBooks customers in the UK may sign up through Octopus Energy's affiliate links to receive energy credits toward their utility bills. Employees will receive £25 ($34 USD) per fuel type as credit and customers will receive £100 ($136 USD) credit, whether they are a single or dual fuel customer. Those who take advantage of the opportunity can receive additional energy credits through Octopus' referral program, multiplying their impact. "Our investment in renewable energy technology is demonstrating that a collective, consumer-driven energy revolution is the cheapest, quickest way to go green and reduce global emissions at scale," said Octopus Energy for Business CEO, Zoisa Walton. "It's partnerships with brands like Intuit that enable sustainable alternatives to become an everyday solution for businesses and households alike." Since launching in 2016, Octopus has been on a mission to make the green energy revolution affordable whilst transforming customer experience. By establishing similar partnerships, it has been able to reach and serve over 1.8 million customers across the UK with cheaper, greener power. This partnership is part of Intuit's climate positive commitment to empower its broader ecosystem to collectively work toward creating a more sustainable future. To learn more about Intuit's sustainability efforts, visit Intuit.Com. About Intuit Intuit's mission is to power prosperity around the world. We are a mission-driven, global financial platform company with products including TurboTax, QuickBooks, and Mint, designed to empower consumers, self-employed and small businesses to improve their financial lives. Our platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions. Our innovative ecosystem of financial management solutions serves more than 50 million customers worldwide. Please visit us for the latest news and in-depth information about Intuit and its brands and find us on social. About Octopus Energy Octopus Energy Group was launched in 2016 with a vision of using technology to make the green energy revolution affordable whilst transforming customer experiences. Its domestic energy arm already serves 1.8 million customers with cheaper greener power. Octopus Energy for Business manages over 20,000 business customers with proprietary energy offerings. Octopus Electric Vehicles is helping make clean transport cheaper and easier, and Octopus Energy Services is bringing smart products to thousands of homes. View source version on businesswire.Com: https://www.Businesswire.Com/news/home/20210202005172/en/ Contacts: Kylie GraderKylie_grader@intuit.ComAccounting software has become a vital tool for organizations to help them deal with the complexities of invoicing, billing, tax management, assets management, bookkeeping, and handling complex financial reports. If you choose the right one, accounting software provides a hassle-free solution to a business of any size. Xero is an all-in-one cloud-based accounting software designed to help small businesses manage their finances. With its collaborative and easy-to-use interface, businesses can connect with bank feeds, accountants, payments tools, and other third-party apps. It provides simplified expense claim tools to employees as well as payroll and invoicing management features to company owners. It allows you to get a quote, send an invoice, track your customers, and accept online payments in multiple currencies. Developed by Intuit, QuickBooks is a powerful accounting tool geared towards helping small to medium businesses with their financial needs. QuickBooks comes in two forms: a desktop version and an online SaaS version called QuickBooks Online or QBO. It offers double-entry accounting, bookkeeping and record-keeping, inventory management, financial reporting, and hundreds of app integrations. Let’s compare QuickBooks and Xero based on: Features & Integrations Ease of use & Mobile Access Reporting & Security Pricing Plans Xero vs QuickBooks: Features and Integrations For businesses deploying an accounting software, it’s important that it integrates with other systems including CRM, reporting and tracking tools, email marketing, e-commerce tools, and payment integrations. Xero and QuickBooks both integrate with hundreds of apps, making it easier for businesses to handle several functions from one place. Let’s have a look at a list of significant features offered by Xero: Managing bills, payments, accounts payables, cash flow, quotes, and invoices Secure transactions with bank connections Faster online payments by integrating with Stripe, GoCardless, and more Managing customer data including original documents Payroll management with Gusto integration Secure online filing system and inventory management Payment in over 160 currencies with up-to-date exchange rates Invoicing software Purchase order software Automatically calculate sales tax on transactions and prepare sales tax returns Track cash flow, metrics, and financial health with Analytics Plus QuickBooks also provides similar accounting features to Xero. In addition to a desktop version, it also offers two cloud-based plans: QuickBooks Online and QuickBooks Online Essentials. Here are some of the features: Invoicing and payment reminders Expense and tax management (GST, VAT) Smooth bank feeds to save time and errors Inventory management Organizing receipts with phone Running a business on the go with a mobile app Insights, reports, and forecasts Multi-currency support, faster payments Real-time collaboration with accountants, employees, and bank Keep information secure and up-to-date Read Also: Intuit to Buy Mailchimp: What SMBs Should Know Xero vs QuickBooks: Ease of Use & Mobile Access When it comes to deciding on any software, a user-friendly interface is one of the most crucial factors. Both Xero and QuickBooks have easy-to-navigate dashboards with easy access to various business features. In addition to a detailed menu on the left side of the dashboard, QuickBooks also provides a quick overview of profit and loss, expenses, bank accounts, invoices, sales, and other tips. The major categories are further broken down into subcategories and everything is self-explanatory — from the ability to add customers’ credit card details in the Invoice category to add vendor invoices in the Expense category or getting financial and process reports from the Reports category. Xero also offers an equally user-friendly dashboard, but some users find it a little challenging to set up compared to QuickBooks. Xero’s dashboard is divided into five categories: Dashboard, Business, Accounting, Projects, and Contacts. The dashboard is easily customizable and offers an uncluttered interface. QuickBooks and Xero both offer mobile apps to help you track your financial activities on the go. Although many users suggested that there’s room for improvement in their support quality, as bugs, crashes, and other issues may interfere with some feature availability. Xero vs QuickBooks: Reporting & Security For financial planning and forecasting, businesses need accounting software that can generate instant reports including profile and loss statements, balance sheets, payroll overview, and other cash-flow summaries. While Xero only generates cash flow statements using the direct method, QuickBooks employs both direct and indirect methods based on a business’ needs. Both platforms provide customizable reports functionality. Also, QuickBooks offers better report layouts as well as the ability to generate detailed accounts receivables and payables reports. Data security is another crucial factor while deciding about accounting software. Both software vendors offer automatic, secure, and encrypted bank feeds, data backup, and financial transactions. QuickBooks vs Xero: Pricing Xero Pricing Plans Xero offers three subscription plans, with 50% off for the first three months, and with different discount options now and then. You can get additional add ons with additional charges such as Payroll with Gusto. Early Plan: for sole traders, self-employed, and new businesses Growing Plan: for growing small businesses Established Plan: for established businesses QuickBooks Pricing Plans QuickBooks offers one plan for sole proprietors or freelancers and four pricing plans for small, medium, and large businesses. In addition to a discount of 50% on the first three months, they’re also frequently on sale. Simple Start: 1 user; for a new business Essentials: 1-3 users; to run your business Plus: 1-5 users; to grow your business Advanced: 1-25 users; most powerful plan with a lot of customization, reporting, and automation options Xero or QuickBooks: Choosing the right accounting software The search for the right accounting software can be overwhelming for businesses. But with our comprehensive overview and comparison of various features, you can choose the right vendor based on your team’s needs. While QuickBooks offers affordable pricing plans, unlimited invoices, time and mileage tracking, advanced customization, and reporting capabilities, Xero offers in-depth functionality and rich experience for growing businesses, supports unlimited users, and offers better integration and inventory management function with all plans. Still confused about which one is suitable for your business? You can try their free trials for 30 days and take both accounting software on a test drive before purchasing one. You can also check our top accounting software list to compare other alternatives.Gilded, a B2B blockchain payments and accounting software provider, has released Compass, a solution that enables advanced mapping capabilities between blockchain wallets and a business’s general ledger. Compass integrates with Intuit's QuickBooks Online. As a company, Gilded aims to unify the worlds of traditional finance and digital assets. With Gilded, QuickBooks Online users can reconcile cryptocurrency transactions alongside fiat transactions in QBO. The regulatory environment for cryptocurrency is dynamic, and rules vary country to country and even state to state. As the cryptocurrency ecosystem continues to mature, it becomes more important to report and account for crypto investments properly. Businesses and their stakeholders need an accurate, complete, and highly available way to analyze on-chain financial performance as transaction volume scales. studioEAST/Photographer: studioEAST/Getty I Gilded Compass is designed for accounting firms and crypto businesses with a large volume of transactions that need to define rules for how crypto transactions are synced. Compass works by simplifying transaction classifications, meant to make it easier to balance crypto wallets and revalue assets at the end of each reporting period. The same functionality will soon be available for Xero, NetSuite, and other popular accounting platforms, Gilded says. “Financial reporting is no longer an afterthought for companies building in the blockchain space,” said Gil Hildebrand, CEO of Gilded, in a statement. “The introduction of Compass marks the most advanced crypto accounting tool on the market to date. Gilded is perfectly positioned to help crypto-forward companies achieve accurate, complete, and unified financial reporting.” Compass is the Gilded team’s second major launch of the year, following the release of Mass Pay, the first DeFi-powered payroll tool, in April. Through Compass, Gilded users can access the following functions:● Crypto invoicing and payments;● Non-custodial crypto payroll; and,● Crypto accounting support for QuickBooks and Xero. Businesses interested in adding Compass functionality to their crypto accounting workflow can book a consultation directly on the Gilded website.
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