Rocket Matter Knowledge BaseQuickbooks Online Integration * New Enhancements *QuickBooks Online: Understanding the configuration categories in quickbooks.

*QuickBooks Online: Understanding the configuration categories in quickbooks.

Below is a list of all categories that get configured in your QuickBooks Chart of Accounts during set-up.

Next to the name of the category, you will find a description of the actual data that is being transferred there when you sync.

NOTE: All Account Receivables data (unpaid invoices) will sync to the main Account Receivables category, located in the QuickBooks Chart of Accounts.

 

Account

RM Legal Fee Income
  1. Invoices
  2. Debit Adjustments
  3. EXPENSES*** WILL SYNC TO QUICKBOOKS IF THEY ARE INCLUDED IN AN INVOICE!
NOTE: The Profit and Loss report will accurately deduct the expenses from the income.
RM Operating Cash
  1. Expenses
  2. Payments
RM Trust Cash
  1.  Trust withdrawals as payments.
    • Transfers from trust
    • Payments from trust
    • Debit adjustments
  2. Trust deposits as deposits. 
    • Payments to trust
    • Credit adjustments to trust
    • Transfers from trust accounts
RM Trust Liability
  1. Trust withdrawals as a decrease
    • Transfers from trust
    • Payments from trust
    • Debit adjustments
  2. Trust deposits as an increase
    • Transfers from trust accounts
    • Payments to trust
    • Credit adjustments to trust
Expenses
  1. Expenses
    • The associated vendor.
    • Sync to Quickbooks as a check - You can choose on the QuickBooks configuration page to sync all expenses as a check, manually choose, or to not sync any expenses as a check. 
RM Credit Adjustments
  1. Credit adjustments made to the matter ledger.

To learn more about the QuickBooks Integration, click here!

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