At LedgerDocs, we’re always looking for the next ways to make your bookkeeping experience more seamless, simple and stress-free. Our latest Quickbooks Online integration updates have brought us even closer to creating the perfect platform for bookkeepers and accountants. These recent enhancements are designed to simplify your workflows, minimize the manual tasks that need to be done, and ensure accuracy at every step.
If you’re a bookkeeper, accountant, or small business owner juggling multiple clients or complex financial documents, these updates will save you time and effort. Let’s get into the details:
Faster Automatic Entry for Large Volumes
Managing accounts with a high volume of customers and supplier invoices can be a challenge. Especially if you have to manage these all manually. Our enhanced auto-entry process significantly speeds up data posting to QuickBooks Online, even for the busiest accounts. This means:
– Faster processing times for your financial data.
– Automatic attachment of relevant documents to QuickBooks transactions, ensuring your paper trail is intact and audit-ready.
Time is money, and this upgrade helps you save both by optimizing how data flows into your accounting system.
Smarter Tax Recognition
With our latest update, manual tax adjustments are a thing of the past! Our improved tax recognition system now:
– Detects when taxes are included in total expenses (like gas receipts or restaurant bills).
– Automatically sets the tax scope to “inclusive,” selects the correct tax codes, and calculates the appropriate tax amounts.
– Remembers tax settings used previously with suppliers and applies them to future entries unless new data is extracted.
These enhancements further ensure that your tax calculations are always accurate, helping you stay compliant and reduce the risk of errors.
Flexible Single or Multi-Line Item Entry
Not all invoices or receipts are created equal. Depending on your client’s needs, you might work with simple single-line entries or more complex multi-line items. With our new toggle feature, you can:
– Seamlessly switch between single-line and multi-line item entry.
– Adapt to varying document structures with ease.
This flexibility simplifies document processing and ensures you can handle any financial document efficiently.
Smarter Memory for Multi-Line Items
Repetitive data entry is a major productivity killer. That’s why our system now remembers:
– Classes and customers assigned to each line item from previous entries.
– Expense accounts, tax codes, and billable statuses for suppliers or customers.
For example, if you categorize a specific line item under “Office Supplies” for a recurring supplier, the system will automatically apply that category the next time you process a document for them. This memory feature reduces the amount of repetitive tasks that you need to do and reduces manual input, saving you valuable time.
‘Apply to All’ Mode for Multi-Line Items
Entering multi-line items just got faster with the new ‘Apply to All’ mode. Here’s how it works:
– Assign a category, tax code, or class to one line item, and with a single click, apply it across all other line items.
– Retain the ability to customize individual line items if needed.
This feature simplifies bulk processing, making multi-line entries faster and more efficient than ever.
Payment Method Auto-Entry
Gone are the days of manually entering payment methods for every expense. Our system now:
– Detects the last four digits of account numbers (e.g., credit card numbers) from receipts.
– Matches the payment method to the corresponding QuickBooks account and auto-fills the details.
This automation not only speeds up data entry but also ensures accuracy by reducing human errors.
These enhancements to our QuickBooks Online integration aren’t just about saving you time—they’re about transforming the way you handle your bookkeeping document management. Our goal is to create accurate and effective automations for all of the repetitive tasks that are involved with managing bookkeeping, reducing errors, and providing you with greater flexibility and the ability to provide more values to your clients.
Start your free trial and see how LedgerDocs allows you to work faster, smarter, and more efficiently. Let’s make your bookkeeping better together.
