Hello. I have requested an accounting firm to setup my quickbooks for me however they do not recommend connecting my POS and Bank to quickbooks. I need a second opinion

daniellemarie101 · ‎June 17, 2023

I have a cafe and will be using the Accrual accounting philosophy. They prefer having everything done manually when I prefer to automate the accounting process. I am worried that they only want me to do things manually so I would end up asking for their audit services, which is expensive, time consuming and confidential.

Fiat Lux - ASIA · ‎June 17, 2023

No wonder. If they want you to migrate data manually, that means they expect you to buy additional services from them. I would definitely recommend connecting QBO and POS.

GlinetteC · ‎June 17, 2023

I can help share some details regarding utilizing the QuickBooks accounting software to manage your business, daniellemarie101.

It depends on whether you favor their suggestion not to link POS and bank to QBO. Since you've stated your intention to automate the accounting process, you can take advantage of connecting your bank account to our Online banking and integrating your POS to save time and reduce the need for manual data entry.

Here's a link to learn how to add your bank to QuickBooks and download your transactions: Connect bank and credit card accounts to QuickBooks Online.

You can integrate POS by going to the Apps menu, then following the instructions with the connecting process.

Moreover, I'll share these resources to help manage your online banking transactions and how to reconcile an account:

If you have follow-up questions regarding using QuickBooks to manage your business, please post them below. I'll be around to help.