Utilising payment categories from QuickBooks in Tola can help enhance the way you manage your business's income and expenses, making reconciliation of your bills easier and saving you time.
Note: Tola currently works only with QuickBooks Online.
Here's a simple guide on how to use these categories:
1. Make sure QuickBooks is connected to Tola: To check if QuickBooks is synced to Tola, you can check under 'Settings' and 'Accounting'.
2. Find a category when adding a bill: When adding a new bill or adding a new invoice, you can search for categories from QuickBooks directly in Tola, under 'Category'.
3. Select the right category: Select the desired category and press Continue. You can always change the category before paying a bill, while it is in Draft.
4. Pre-select categories in QuickBooks: For fees that can occur from payment types Tola offers (cards or Pay later with Tola), you can categorise those under 'Settings' and 'Accounting'.
Regularly categorizing your transactions in QuickBooks helps to keep your business's financials organized and makes it easier to prepare financial reports or taxes.
If you can't find a suitable category, QuickBooks allows you to create custom categories specific to your business's needs that can be utilized.
Remember, our support team is always available to assist if you have any questions or need help with QuickBooks payment categories. Feel free to reach out via chat or email via [email protected].