A large number of Wrapbook customers use Quickbooks for their bookkeeping. So it only makes sense for us to help our users streamline that process.
With this new integration, it’s easier than ever to directly push payroll information directly into Quickbooks.
Here are some of the biggest wins from this integration:
Manual entry is now a thing of the past.
By setting up the integration, Wrapbook will now be able to send payroll data, including information about workers, worker wages, taxes, workers’ compensation, and platform fees, directly to customers’ Quickbooks Online accounts. To see how it all works, watch our quick video below.
Wrapbook maps the key data needed to automatically generate bill objects.
Setting up the integration takes a matter of minutes, and the custom field mapping ensures that when the bill object gets created, it’s mapped to the correct bank account, expense account, and vendor.
The result is less time and energy on manual entry, and fast and accurate reporting.
Quickbooks has always had reliable budgeting tools, but with the detailed line-by-line reporting within the bill object via the integration, we ensure the details are readily accessible for your analysis. As an example, we have separate lines for fringes from wages in QuickBooks so customers have “Budget vs Actual” reports they can trust.
While we’re happy to announce this update, Wrapbook stays committed to this conversation. If you’re a soon-to-be customer or an existing user, we always want to hear from you so we can continue building tools that meet your changing needs.
To see it in action, contact firstname.lastname@example.org today.
At Wrapbook, we pride ourselves on providing outstanding free resources to producers and their crews, but this post is for informational purposes only as of the date above. The content on our website is not intended to provide and should not be relied on for legal, accounting, or tax advice. You should consult with your own legal, accounting, or tax advisors to determine how this general information may apply to your specific circumstances.