Rocket Matter Knowledge Base QuickBooks Online IntegrationUnderstanding the categories in Quick Books Online.

Understanding the categories in Quick Books Online.

Below is a list of all categories that get configured in your Quick Books "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.

1. RM Legal Fee Income – Reflects Invoices, Payments, Debit Adjustments,

Expenses. Please note that the Profit and Loss report will accurately deduct the

expenses from the Income.

 

2. RM Operating Cash - Reflects Expenses and Payments.

 

3. RM Trust Cash – Shows all trust withdrawals (transfers from trust, payments from

trust, and debit adjustments from trust) as payments. It also shows all trust deposits

(payments to trust, credit adjustments to trust, transfers from trust accounts as

deposits).

 

4. RM Trust Liability – Shows all trust withdrawals (transfers from trust, payments from

trust, and debit adjustments from trust) as a decrease. It also shows all trust deposits

(payments to trust, credit adjustments to trust, transfers from trust accounts as an

increase).

 

5. RM Expenses – This amount represents all expenses on Rocket Matter and their

associated vendors. You choose to produce checks via QuickBooks from synced expenses if desired. 

6. RM Credit Adjustments – Shows all credit adjustments made to the matter ledger.

 

*  Note: All Account Receivables data (unpaid invoices) will sync to the main Account

Receivables category, located in the QuickBooks Chart of Accounts.