Hello All. So I have been using Quickbooks Desktop forever. I setup Zoho Invoice and have been processing a few invoices and it works well. Now I am wondering what others do for the accounting system integration. To me Zoho Invoice and other invoicing only systems really only have one or 2 sides of the business accounting equation. Although they invoice very well the integration with the overall accounting solution is not present. For instance, you can send invoices, process payments, etc but how do you get this information into your accounting system for balance sheet & income statement purposes.
How do others handle this situation? As it is now if I use Zoho invoice then I need to export invoices, etc out of Zoho invoice and somehow import this into Quickbooks Desktop (only IIF files are supported). I am a cash based business (as opposed to accrual) and others have suggested to just download deposits into QB from the bank. This is possible but I am not sure how I would break out the sales tax portion of those deposits for the A/P piece.
I guess I am a little confused on how others get this information into their accounting system. As awesome as Zoho Invoice is it does seem like there is a lot of manual work to get the information into our accounting system.
I know I could go with Zoho Books and do everything there. But I was trying to avoid migrating to a full blown accounting system. Plus although Zoho Standard would fit the bill perfectly I need retainer invoices and the only way to get that in Zoho Books is to go with the professional tier which is way overkill for me as a one person business. I do not need any of the functions of professional except retainers.
Anyway thanks for any input