Quickbooks Integration - Mapping Deposits & Fees to separate bank/expense accounts
The issue has been raised that it is common that different properties will need to map deposits to separate bank accounts. I see no reason why anyone would need to map deposits to different channels. Has there been a feature request for this?
Also, Booking/Merchant Account site fees are sent to Quickbooks the same way. We are going to need these fees split up per property, as this is how they are itemized on our taxes, but we are only able to select one QBO account for all properties. Manually trying to determine and reallocate all the site fees for different properties is a headache!
Hi Jory,
With a quick scan through the feature request forum, I don't see this specific request. However, I can tell you that as a QuickBooks user myself, there is one on our internal staff version of the feature request forum.
The workaround that I use for now, is to follow the link provided in the Deposit on OwnerRez that can take you directly to the 'Bank Deposit' in QuickBooks, where a quick edit to the account assigned will then make it show up as a 'match' on the correct account.
Not perfect, but still way better than manually creating all of these bank deposits in QuickBooks
Hi everyone at OR --
This isn't merely a convenience feature. It's a fundamental accounting requirement for professional managers operating multiple properties with separate bank accounts. The integration should map deposits to bank accounts by property, not just by payment processor.
Is the enhancement on the development roadmap yet? We have waited long enough for a solution.
There are many other systems that have their QBO integrations figured out. I have worked with many different integrations in all industries, and this one by far is the most complex and therefore confusing (overengineered). Most systems do their integrations by a simple journal entries. The whole sales receipt/payment/deposit scenario is way overcomplicated and causes so many issues! A simple journal entry approach would solve the issues here with bank accounts as well as the whole what-happens-when-there-is-a-refund debacle. I am happy to get on a call discuss in more detail.
Thank you, please hurry!
Jory