Quickbooks Integration

Quickbooks users can easily integrate with ImagineTime and save time posting deposits and monthly journal entries.

When integrated, ImagineTime and Quickbooks become a powerful combination that rivals any other professional billing software. To get a quick start, you can import all your customers names, addresses, and accounts receivable transaction information directly from Quickbooks.

Once you have imported your data, you will use ImagineTime to create your invoices and export essential daily operating information to Quickbooks. Creating your invoices in ImagineTime allows you to trap the difference between the amount you bill and the time that you record. These "realization adjustments" can be summarized and reported by client and staff.

The deposit export utility is shown in the following screen shot and is a time-saving feature intended to export payments and/or credit

information from ImagineTime to either a Quickbooks import file or directly to Quickbooks using the integrated Intuit software development kit.

To facilitate the bank reconciliation process, deposits are exported with full detail for each customer and reflect a debit to cash and a credit to undistributed income or professional services. Exported deposits can be printed directly from Quickbooks using Quickbooks approved forms.

If you post income to more than one G/L account, the periodic journal entry will distribute the income to the appropriate accounts based on the the work code to general ledger account relationship configured in ImagineTime. Journal entries may be posted on either the cash or accrual basis of accounting.