Good Morning,
I recently started working for a new company. Previously, they had managed their accounting with two different software systems. Invoices are generated by one system and were recorded in quickbooks online individually. Aside from invoicing, the rest of the accounting is all recorded in quickbooks.
As the company continues to grow this method of entry is becoming increasingly inefficient. I haven't found an effective way to batch enter invoices from the other system into quickbooks online.
Additionally complicating things is we recently began factoring our A/R and A/P. Now two additional entries are needed for each order we generate:
My question is, can I manage the invoices in the one system and just create general entries in QBO and attach a spreadsheet of supporting documentation? It seems this would be much easier as QBO wants you to receive a payment for each receivable. You can batch these receipts, but only by customer. Same goes for payables.
Any advice on how to effectively scale up this operation is much appreciated.
Thanks,
Shawn
I recently started working for a new company. Previously, they had managed their accounting with two different software systems. Invoices are generated by one system and were recorded in quickbooks online individually. Aside from invoicing, the rest of the accounting is all recorded in quickbooks.
As the company continues to grow this method of entry is becoming increasingly inefficient. I haven't found an effective way to batch enter invoices from the other system into quickbooks online.
Additionally complicating things is we recently began factoring our A/R and A/P. Now two additional entries are needed for each order we generate:
My question is, can I manage the invoices in the one system and just create general entries in QBO and attach a spreadsheet of supporting documentation? It seems this would be much easier as QBO wants you to receive a payment for each receivable. You can batch these receipts, but only by customer. Same goes for payables.
Any advice on how to effectively scale up this operation is much appreciated.
Thanks,
Shawn