You can sync your transactions as journal entries to QuickBooks using the direct integration available on Request Accounting.
To categorize your transactions before syncing, use the Chart of Accounts that Request Accounting imports from QuickBooks when you connect your QuickBooks account to your Request Accounting team.
Please note that all asset movements with a fiat value of less than 1 cent will not be uploaded.
To Connect your QuickBooks Account to Request Accounting, please follow the steps below:
Navigate to Accounting → Integrations → QuickBooks
Click on Connect. You will be prompted to connect your QuickBooks account with Request Accounting, and Request Accounting will import your Chart of Accounts (CoA).
You can view the imported Chart of Accounts by clicking on View Accounts. Request Accounting only imports your Posting Accounts. If you notice any of your COA missing, please ensure that they’re not non-posting accounts.
Once you’re done categorizing your transactions by assigning them the right Debit and Credit Accounts, Request Accounting will allow you to upload your transactions to QuickBooks.
To upload your transactions, select the concerned wallet and click on Upload. You can upload all the transactions in the wallet, or upload transactions from a custom date range.
Request Accounting will verify if all your transactions have been categorized, and if it passes our checks, you will be allowed to upload your transactions to QuickBooks. Additionally, you can upload your Realized Gains and Losses to QuickBooks as well.
When clicking Upload, the sync status changes to Synchronizing Transactions. Once it changes to Connected, you can view your transactions in QuickBooks as Journal Entries.
You can also aggregate your transactions by day, week, or month to view your journal entries on QuickBooks in an organized manner.
Your Trial Balance Report looks like this
If you would like to know more about aggregating transactions whilst creating journal entries, please reach out to us over Intercom and we’ll help you out.