Keeping your accounts properly mapped in Plugbooks is essential for sending journal entries seamlessly to QuickBooks. Plugbooks allows you to update your bank account mappings, ensuring accurate journal entries based on your marketplace transactions. Follow the steps below to easily update your bank account mapping for QuickBooks.
Step 1: Log in to Plugbooks
First, log in to your Plugbooks account using your credentials. Once inside, you’ll have full access to your dashboard and settings.
Step 2: Navigate to Account & Tax Mapping
Next, find Account & Tax Mapping in the sidebar menu. Click on it, and the menu will expand to show additional options.
Step 3: Access QuickBooks Bank Account Mapping
From the expanded menu, click on QuickBooks Bank Account Mapping. This action will take you to a new page where you can manage the mapping of your QuickBooks bank accounts.
Step 4: Update Bank Account Mapping for QuickBooks
Here, you’ll see two main settings that allow you to map accounts:
- Negative Balance Charge Account: Choose which account will handle negative balances.
- Positive Balance Deposit Account: Select the account for depositing positive balances.
If your preferred accounts are not listed in the dropdown, click the Refresh button. This will automatically retrieve updated bank account details from QuickBooks, making them available for mapping.
Step 5: Save Your Changes
Once you’ve selected the appropriate accounts for negative and positive balances, click the Submit button at the bottom of the page to save your changes. This ensures that future journal entries are sent to QuickBooks using the correct bank account mappings.
Conclusion:
Updating bank account mappings for QuickBooks in Plugbooks ensures that all journal entries are sent accurately to the correct accounts. By mapping the Negative Balance Charge Account and Positive Balance Deposit Account, you can keep your bookkeeping seamless and accurate. If necessary, use the refresh option to get the most up-to-date accounts from QuickBooks.