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Intuit Intelligence

FINANCE
Velocity6.3

Intuit's AI-powered platform spanning QuickBooks, TurboTax, and Mailchimp for small business operations.

www.intuit.com ↗

QuickBooks now proposes chart-of-accounts fixes and waits for approval before touching the books.

chart-of-accountsaccountant-toolsapproval-workflowsbank-feedreconciliation
◆Current state
Intuit used its Connect event to move QuickBooks work upstream of the bank feed. COA Cleanup scans a client's books, proposes fixes for duplicate, misnamed or mis-typed accounts, and reclassifies transactions only after each action is approved. A rebuilt Edit mode handles the manual finish with inline edits and drag-and-drop hierarchies. This follows a summer spent on bank feed matching and the move to the Intuit Accountant Suite.
◆Where it's heading
The product is taking on the repetitive parts of accounting while keeping the accountant as the approver: proposals, audit logs, a cleanup history page and respect for closed-books dates. Scope now runs from single transaction matches to the structure of a client's file. Clients get a narrower version limited to easily reversible suggestions, so permissions are splitting by risk, not just by role.
◆Prediction
Expect more approve-first cleanup tools aimed at new-client onboarding, with the client-facing tier widening only for reversible actions. Whether bank feed auto-posting ships next is unclear from these releases.

◆Recent moves

  1. 15d ago

    Batch edit the chart of accounts with Edit mode

    The rebuilt Edit mode adds inline edits, account locking and drag-and-drop hierarchies to the Chart of Accounts for both accountants and clients. Existing validations stay in place. It is the manual finishing step for what COA Cleanup proposes.

  2. 15d ago

    Clean up the chart of accounts when you take on a new client

    ⚡ SPARK

    After months on bank feed matching, QuickBooks moves up a level to the structure of the books. COA Cleanup applies the same pattern of proposing a fix and leaving the decision to a person, now across accounts, vendors and historical transactions.

  3. 2mo ago

    Reclassify payee from the Reclassify Transactions center

    Payee editing is now available in the Reclassify Transactions center, completing a years-long accountant request. This extends the existing bulk-reclassify pattern — previously limited to category, class, and location — into payee, with guardrails for sales receipts where changing payee would affect automated sales tax.

  4. 2mo ago

    Intuit Accountant Suite replaces QuickBooks Online Accountant

    ⚡ SPARK

    Intuit migrated accountant firms from QuickBooks Online Accountant to the new Intuit Accountant Suite — a platform-level move with a new Home dashboard, My Menu for favorite tools, a Work hub for client service delivery, and a Firm hub for practice management. Client data and existing books are retained; what changed is the entire navigation and workflow surface.

  5. 3mo ago

    Bank feed now handles partial payments and overpayments inline

    ⚡ SPARK

    QuickBooks bank feed can now handle the common case where a payment doesn't match an invoice to the penny — presenting a structured choice between leaving the remainder open (partial payment) or resolving the difference with an explicit account/category (fee, discount, write-off). This eliminates the workaround of categorizing deposits as new income and then manually cleaning up the overstated receivables at close.

  6. 3mo ago

    Undo Reconciliation: Now Available to Primary Admins

    Undo Reconciliation is now available to Primary Admins, not just accountant users — removing a common bottleneck where a business owner needed outside help to fix a mistaken reconciliation. The rollout includes an explicit confirmation step acknowledging the consequences, and prompts businesses with attached accountants to check in first before undoing.