Thanks for the tip!
However, I actually managed to migrate my entire bookkeeping in only a few hours with ledgerscope (it's free), and then the chart of account just needed a little bit of cleaning up. I'm now on Xero, my bank feeds are seamlessly integrated, MTD is fully setup, and my invoicing is automated with my custom design.
Good luck with QBO everyone. My subscription has been canceled. Peace - out!
Hello, @Adam Shaqo.
I appreciate you explaining how it would help you out. While that feature isn’t currently in our development roadmap, we're working on big improvements that will be helpful for the majority of our customers, and you’ll see those rolling out soon.
In the meantime, you may visit our QuickBooks Online’s app center and check for any supported third-party application.
You can refer to this article for additional insights: UK App support.
Also, please stay tuned to our blog to see what’s in store: https://quickbooks.intuit.com/blog/whats-new.
Let me know if you have other questions.The Community and I are always here to help.
Think more people should switch in protest and the very poor feature management and super slow development. By the time QB has done 1 feature, the industry has moved on 10 fold.
I wish I could move to Xero but am stuck with QB because of the multi-currency support. As soon as Xero offers better terms for multi-currency am off and am sure other will flock to Xero too.
Interestingly, I was cautious on that front too. However, Xero's multi-currency support is actually a lot more intuitive, as it applies realtime exchange rates to foreign cash you have in bank, and applies that automatically to your balance and P&L.
I've been in Xero for a few days now, and I'm just loving it. Less pretty, but much easier and much more functional.
Think we will look at moving things to Xero in the new year, assuming QB will still suck at adding 1+1 for features. I would love to see who actually owns the product internally, how they make decisions, I bet its like a circus in there, where there is 1000 managers and 5 developers. Maybe its time to seek out some of these developers on Linkedin and ask them why are they so sloooooooooooooow at developing anything. Its not like QB is giving its platform for free or its so bloody cheap. I guess they spend the money on marketing budget and less on the user. Good luck QB I hope one day you wake up and smell the sh** but I think by then it will be 2050 and you will be obsolete.
I agree that QBO should include transferwise. However we all know they are pretty slow. How about asking transferwise to develop an app to make the connection? I already did it sending a note to transferwise. If you all can do the same we could push transferwise more together
+ 1 for this integration
I spend thousands every year on bank conversion fees to my local bank and the only reason I do so is because I need to use a bank that's compatible with QB for my accounting.
The moment QB works with Transferwise, I'd completely move over to T.F and save myself all those fees.
I appreciate your input from every angle, Melissant.
I understand how the workflow you're looking for is beneficial to your business. To ensure your voice is heard, I can pass a feedback about this. For the time being, you can visit our blog and sign up to our Newsletter. This way, you’ll receive email updates about changes in the product. Our developers get inspiration from customers, so your voice makes a huge impact.
If you need tips in the future, visit our QuickBooks Help Articles site.
Please don't hesitate to get back to me if you have additional questions. I'm more than happy to answer it for you. Have a great day.
Has anyone tried setting up Transferwise as a bank account and then importing a CSV to log the payouts? I am thinking that a Rule on my bank feed can easily convert all deductions into transfers, and the csv import will break out all of the payments to my vendors.
That's what I can suggest for online banks that aren't available to sync with QuickBooks Online (QBO).
You can refer to this article for the 2 CSV formats accepted by the system: Import bank transactions using Excel CSV files. This article includes the steps on how to format your CSV files so they can be recognized by the system.
As for the banking rules in QuickBooks Online, check out this article: How to set and use banking rules for downloaded transactions.
Another thing I'd suggest for you is to regularly reconcile your bank account. Find the steps on how to do it in this article: Reconcile an account in QuickBooks Online.
Do you have other questions in mind? Post them below, and I'll get back to you.
Thanks for requesting, rebeccaec.
We'll include your request for Transferwise integration. In the meantime, you can try finding a mediator app that can export your transactions to QuickBooks.
Let's us know if you have other suggestion or feedback.
We can't recommend a mediator app with them being third parties we have no affiliation with them. However, we encourage any users who have used one and can recommend adding to this Community thread.
We will pass on your feedback about Transferwise to the banking engineers.
Looking forward to knowing when this will be in the development funnel. I heavily rely on Transferwise for my international operations and cannot wait to see the sync implemented ! And it must be possible since Xero does it perfectly ? Keep us posted, thank you.
As of 4th May (When I was able to add it) there were account options to add Transferwise to Quickbooks. I've yet to work out how to make the transfers (With the fee included) "match up" correctly (It plays with the exchange rates, but numbers end up correct) and I still have to manually add the fee as a separate expense, but that's not the end of the world.
I'm with the Canadian QuickBooks support team and would be happy to go over this with you. I appreciate the eagerness to want to work with Transferwise and QuickBooks Online. It's always great when you can find a third-party service to connect with QuickBooks to further enhance what the program has to offer.
Third-party connections and integrations are most often established by the third-party. So in this case, I recommend reaching out to Transferwise directly to learn how to share your feedback with them about wanting to connect it with QuickBooks Online.
For QuickBooks Online's side of things, the best way to share feedback is through the following method: How do I submit feedback? This helps us as we continue to strive to simplify your bookkeeping when using QuickBooks.
I'll be here if you have further questions.
I built a Transwerwise to QB connector with a greater feature set than balance syncing. Looking for beta testers and information to make sure we have added all the features you guys need. If you would like to either beta test or make sure we include features your business absolutely needs in this development cycle contact us with a little about your company and how you use Transferwise along with absolutely MUST have features for your business.
Please email us at beta *AT* transferwiseconnector.com