Key Steps
1. Accessing Accounting Settings 0:09
Navigate to your organization.
Select the entity you want to set up.
Click on 'Settings'.
2. Navigating to Accounting Settings 0:26
In the settings menu, if no accounting software integration is active, select 'Accounting'.
3. Options for Accounting Settings 0:57
You have two options:
Connect to accounting software.
Add or upload accounting information.
4. Adding Tax Rates/Accounts Manually 1:08
To add manually:
Click on 'Add'.
Fill in the required information (description is optional).
Click 'Add' to save.
5. Using CSV Template for Bulk Upload 1:41
If you have multiple tax rates/accounts:
Download the CSV template provided.
Fill in your tax rate/accounts information in the CSV.
This is the information needed to upload tax rates:
This is the information needed to upload accounts
6. Uploading the CSV File 2:36
Once your CSV file is ready:
Return to the tax rates/accounts table.
Click on 'Import'.
Attach your completed CSV template.
7. Verifying Uploaded Tax Rates/accounts 2:50
Check the tax rates table to confirm that the tax codes from the CSV have been successfully uploaded.
8. Finalizing Setup 3:04
After adding your accounts and tax rates, proceed to your invoice processing view to start uploading invoices.
Notice how you will be able to select the available tax rates and accounts in the invoice info
Cautionary Notes
Ensure that the CSV file is formatted correctly to avoid upload errors.
Double-check tax rates for accuracy before finalizing uploads.
Tips for Efficiency
Use the CSV template for bulk uploads to save time.
Regularly update your tax rates to reflect any changes in tax laws.
We also have instructions on how to do the import specifically for QBO users, please head on to this article.