In continuation of our constant endeavour to integrate greytHR with other popular solutions, we now offer our users an integration with QuickBooks Online (QBO). Using this feature, greytHR users can seamlessly connect to QBO and post their payroll Journal Entries at the click of a button. This completely eliminates the need to manually post or import data from MS Excel.
This feature enables you harness the Payroll power of greytHR with the ease of Accounting of QBO. The best part is that this service comes to you absolutely FREE!
What is a Journal Entry
A Journal Entry or a Journal Voucher (JV) is a way to enter non-cash or bank transactions into an accounting software. In the context of Payroll and an accounting application, a Journal Entry is used to update information on the Payroll expenses and indicate the amounts to be paid to employees, statutory dues, and such others.
About the Integration
You basically create a JV at the end of a payroll cycle when you have to update information on credits such as to bank, PF payable, and IT payable. Generally, you need to manually make such entries or import them using a specifically formatted Excel file. Using this feature of greytHR, you can now update the JV into QBO easily and automate this tedious task.
The integration process is quite simple. Setup activities, such as creation of account heads, are automatically done once you connect to QBO. You also have provision to post the JV either as a consolidated entry or by Location/Department.
To export JVs to QBO, the primary prerequisite is to establish a connection to QBO from greytHR as a one-time activity. You can do this from the Home page.
To get additional information on the complete process of connecting, configuring, and posting a Journal Entry, please refer to the documentation on our Help site.
Go ahead! Post your journal entries into QBO easily, accurately, and absolutely FREE!
About Intuit - Intuit Inc. is a leading provider of innovative business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals, and financial institutions. QuickBooks is its #1 best-selling small businesses accounting software in the USA and is rapidly gaining clients in India.
