December 15, 2025

The Portfolio Performance Dashboard gives you a comprehensive view of portfolio firm performance by client, team member, work type, or service line. Use this dashboard to identify underperforming areas and take proactive action, aligning teams with data-backed insights for smarter decisions. 

What’s new:

• View revenue, utilization, realization, hours, and billed rate—all in one place

• Filter revenue performance by client, colleague, or work type

• Support both fixed-fee and time and materials billing models

 

Learn more about performance analytics available in Karbon Practice Intelligence.

Managing multiple tax-deliverable deadlines (and their extension dates) just got easier. With the new filing deadlines feature, firms can set standardized due and extension dates for each deliverable once, then apply them everywhere across tasks, templates, and work item settings. This means more consistent, scalable tax workflows, and simpler tracking from a single source of truth.

 

To get started, go to Settings > Filing Deadlines to enter your dates, then use them in templates, work, and tasks to roll deadlines out across your firm.

The new bulk extension action allows teams to apply extension statuses to large volumes of work at once—up to 100 items per batch. This is especially helpful during tax season when extensions are common, enabling automation triggers and reducing time spent making manual updates.

Karbon’s engagements feature now offers easier work linking, helping firms clearly connect the right services to the right work with less manual setup. From the Engagement screen, you can now view all linked work items, connect them via the refreshed Services tab, and automatically update repeat schedules and billing details.

This update improves onboarding, reduces admin, and gives teams greater visibility into what work is included in each engagement.

What’s new:

• View all work items linked to an engagement from a new Work tab

• Link work directly from the Services tab

• Link work with matching client, work template, and repeat frequency

• Link work that already exists or work that will only be created in future

• Link work of any fee type, the engagement will update the fee settings on activation

This update is part of the Engagements early access program. If you’d like to try it, reach out to your Karbon CSM for more information.

Invoices now display just one clear total, removing the redundant due amount from the top right. This change eliminates any client confusion, and the current due amount is communicated in invoice emails and when paying via magic link.

If an invoice’s total due amount doesn’t match between Karbon and QuickBooks Online Accountant (QBOA), a new sync status—Synced (Needs Review)—will flag it. 

When spotted, you can easily select ’View in QuickBooks Online Accountant’ to open the invoice directly. You can then compare the invoices side-by-side and correct the difference. Once resolved, rechecking the sync from the banner or refreshing the invoice or list will update the status back to ’Synced’.

Karbon now posts detailed journal entries to QBOA for your Karbon Payments—including surcharges, fees, taxes, and payouts—so your ledger reflects reality. This makes reconciliation easier and prevents inflated undeposited funds balances.

TaxBandits is a leading e-filing platform that simplifies IRS compliance for W-9 and 1099 forms. The enhanced TaxBandits and Karbon integration automates every step—from collecting W-9s to tracking 1099 filing status and delivering submission confirmations. Real-time IRS updates and document attachments are synced directly into your Karbon timelines and workflows, reducing manual effort and ensuring compliance at scale. Visit the TaxBandits support guide for setup tips.

If you missed an update, you can still see a list of what we released in Karbon. For API releases, see the Karbon Developer Center.