Reconciling Your Accounts With Your Accounting Software
When adopting any new business accounts, it's important to understand how to easily reconcile these in your accounting software.
Depending on your accounting software, we offer multiple ways to reconcile your transactions.
For Quickbooks Online Users:
With the Quickbooks Online integration in your Truss account, your QBO invoices and bills will be auto-reconciled if paid through Truss.
See more details on how to use these features here
Note: Withdrawals, deposits, or ACH transactions initiated with your Truss routing information will need to be reconciled manually in Quickbooks Online.
For Other Accounting Software:
1) Export transaction data from Truss
Export your monthly cash and card account statements from your Truss account. These can both be found in your dashboard by navigating to Accounts > Statements or Card > Statements and exporting in either .pdf or .csv formats.
2) Import transaction data into accounting software
Import your .pdf or .csv statements into your accounting software. This process may differ slightly depending on which software you use. If you require assistance setting up this process, please reach out to [email protected].
3) Make Adjustments as Necessary
Your bank and card accounts can be reconciled quickly and easily in many cases. However, you may need to make adjustments to ensure everything is accurate. Be sure to account for any deposits or payments not made through your Truss account when reconciling.
Conclusion
Reconciling bank and card accounts is an important part of running a business. For QuickBooks Online users, the process is even simpler due to the Truss integration. No matter your accounting software, you can reconcile your accounts with just a few simple steps.
Disconnecting QuickBooks from Truss
Implications of Disconnecting QuickBooks from Truss
When you disconnect QuickBooks from Truss, you will need to manually manage your financial records, including:
Invoice Creation: Invoices for any payments you receive, such as wire transfers, must be created manually in QuickBooks. The integration no longer supports automatic invoice generation.
Reconciliation: Transactions and payments will need to be reconciled manually within QuickBooks.
Step-by-Step Guide to Disconnect QuickBooks from Truss
Follow these steps to disconnect QuickBooks from Truss:
Open your QuickBooks account and navigate to the Apps section.
Locate Truss in your connected apps list.
Click on the three dots (More Options) next to Truss.
Select Disconnect from the dropdown menu.
Tutorial resources are available online if you need further assistance. Ensure you consult these resources to address any questions or issues you might encounter during the process.
Key Considerations
Before disconnecting:
Evaluate whether the manual workload for creating invoices and managing reconciliation is manageable for your team.
Test your financial management processes to ensure all critical tasks can be handled effectively without the integration.
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