If you are researching new options for trusts, partnerships or SMSFs, QuickBooks Ledger is a great alternative with direct bank feeds to access your client’s real-time transaction information with 91% coverage.
To get you started, below are the top three tools for your new QuickBooks Ledger subscription.
The Uncoded Transaction report will show you the transactions in the For Review tab of the Banking screen that have not yet been added/categorised to your books.
QuickBooks uses your chart of accounts to organise all your accounting. When you set up your company, QuickBooks customises your chart of accounts for you.
Use a spreadsheet to import your accounts and skip manual entry. We’ll show you how.
Tip: The best time to import accounts is when you’re still setting up your company in QuickBooks. But if you don’t have a lot of accounts to add, you can create new accounts instead.
Learn how to import journal entries in QuickBooks Online.
With QuickBooks Online’s import feature, you can easily import journal entries. We’ll show you how using a CSV or Excel file.
Full steps here
Before you import your journal entries, make sure everything looks correct in your spreadsheet which must be saved as a CSV file.
Fill in the required columns:
If your spreadsheet has new accounts, be sure to add them in your chart of accounts before importing
Once you’re done, you can use the search function to check and edit the journal entries.
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