QuickBooks integration requires you to have knowledge of the QuickBooks application and some initial setup files and software to run correctly. The QuickBooks Integration tool is a convenience for our customers. Our support staff is NOT equipped to be QuickBooks experts and cannot field questions directly related to setting up, modifying, or supporting the QuickBooks application outside of the scope of this tool. It is recommended that you seek guidance from a QuickBooks consultant or accountant for any QuickBooks specific needs. Read further to see how to set up QuickBooks with your SimplicityCollect accounts.
A question we often get is, "How do I run my end of month?" Because of the array of businesses that use SimplicityCollect, and the various laws from different states, counties, and even countries that can affect what you need, we've made our software very flexible. There is no one "right way" we can definitively outline to run your end of month records, but we will provide some of the most common methods and tools used for the process.
You can create a payment agreement or recurring payment plan on the Payment Plan tab of an account. This is most often an agreement between your company (Agency) and the individual (Debtor) that the account belongs to, where they plan to pay off their balance over a given time.
The Accounting tab, also referred to as the Trust Account, can be used very much like a checkbook register. When a payment is made by a debtor and recorded on the Financials tab, it is automatically recorded as a deposit on the Accounting tab (referring to a deposit into your company's possession, or the receiving of money).
The Financials > Advanced sub-tab is where you can manage your transaction descriptions, which appear on the Financials > Transactions sub-tab. These are used when posting a payment, adding a cost, or adding a fee.
The Financials > Settings/Judgment sub-tab is dedicated to setting up your payment contingencies and tracking your judgment details. Each element of this section will be detailed as follows... (see more)
The Financials > Claims sub-tab is a place to store one or more amounts (claims) owed by an individual (often a debtor) to your agency. These are also referred to as Pre-Judgment Claims, meaning they are taking place prior to any legal judgment.
Here we'll discuss what a Fee-Type Transaction is, and how you can utilize it for your company. We will cover what is available, however depending on your business model, you may not use this type of transaction, or you may use it in a different way. Feel free to re-purpose the functionality as you see fit.
Here we'll discuss what a Cost-Type Transaction is, and how you can utilize it for your company. We will cover what is available, however depending on your business model, you may not use this type of transaction, or you may use it in a different way. Feel free to re-purpose the functionality as you see fit.
Here we'll discuss what a Client Payment-Type Transaction is, and how you can utilize it for your company. For the more detailed steps of posting any type of "Payment" (regardless of the exact type), please see our article on Posting a Payment-Type Transaction.