Quickbooks integration!® - Quickbooks users can integrate with ImagineTime and save time posting deposits and monthly journal entries.
ImagineTime can be made as powerful as any other professional billing software with Quickbooks integration. To quick start, you can import all the customers names, addresses and accounts receivable transaction information directly from Quickbooks.
Once you have imported your data, you will use ImagineTime to create your invoices and export essential daily operating information to Quickbooks. Creating your invoices in ImagineTime allows you to trap the difference between the amount you bill and the time that you record. These "realization adjustments" can be summarized and reported by client and staff.
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The deposit export utility is shown in the following screen shot and is a time-saving feature that is intended to export payments and/or credit information from the ImagineTime system to either a Quickbooks® import file or directly to Quickbooks using the integrated Intuit software development kit.
To facillitate the bank reonciliation process, deposits are exported with full detail for each customer and reflect a debit to cash and a credit to undistributed income, or professional services. Exported deposits can be printed directly from Quickbooks using Quickbooks approved forms.
If you post income to more than one G/L account, the periodic journal entry will distribute the income to the appropriate accounts based on the the work code to general ledger account relationship you setup in ImagineTime. The journal entry may be posted on either the cash or accrual basis of accounting. |