Tutorial: Setting up Auto Bookkeeping in your Dashboard

Auto Bookkeeping was designed to automatically record Fundbox transactions in your Quickbooks Online, so you don’t have to do it yourself. To learn more about Auto Bookkeeping and how it works, click here

It is important to note that Fundbox will only begin recording transactions once Auto Bookkeeping is enabled. Any past entries for Fundbox transactions will not retroactively be logged.  

To activate Auto Bookkeeping, in the drop-down menu, please select the bank account where Fundbox deposits the advances and click Continue.  

Next, you’ll be asked if you currently log Fundbox transactions in a liability account.  If you haven’t been recording Fundbox transactions in a liability account but used a different method, please allow Fundbox to create a liability account for you. Select No and then click Activate Auto Bookkeeping to enable.

Alternatively, you can select the liability account within QuickBooks Online where you have already been recording Fundbox transactions, and we’ll begin recording there. Select Yes, choose the appropriate liability account in the drop-down menu and click Activate Auto Bookkeeping. 

Note: if you choose to continue using your existing liability account, you may be notified of a discrepancy in the outstanding balance. To learn more, click here.

 

That’s it! You’re all set.

While it is not recommended to opt out of  Auto Bookkeeping, you can do so by clicking, No thanks, I’ll be doing my bookkeeping manually in the first screen.  You can also disable/ re-enable Auto Bookkeeping at any time via the Settings menu. See how here.

 Have questions?  Call us at (855)-572-7707 or email us at support@fundbox.com

 

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