Usually, they are totally different products and they are fit for the different requirements too.If you are new to the CNET Forums, please read our CNET Forums FAQ.Once reported, our moderators will be notified and the post will be reviewed.This means the Online version is for folk that want ease of use above all.
Heres a fellow you may know on this subject: So while it has its proponents, if you care about your data, you dont have it only in the cloud. If your business is product based then QuickBooks Desktop is an appropriate choice. However, if your business is service based, then QuickBooks Online is the best choice. Quickbooks desktop has lots of features and in Quickbooks Online version new features are constantly being added. Getting Data Out Of Quickbooks Online Into A Quickbooks Desktop Mac And LogIt does not require software installation.You can just open up a web browser from your mobile device, PC or Mac and log right into your account to quickly access your data. This process allows you to split out the transactions into multiple accounts or handle those nasty refunds You should review this account and make changes as necessary. Over eight million businesses use PayPal to process their credit card transactions and the numbers keep growing. Manually recording PayPal transactions in QuickBooks for Mac can be time-consuming and tricky, especially for businesses that want to keep track of customer data in their company files. Typically you must manually enter all customer data into the company file, and then generate invoices and record payments individually. However, PayPal offers a utility to import these transactions directly into QuickBooks using Intuit Interchange Format (.iif). On the PayPal website, you download the data to an.iif file for a specific date range. QuickBooks- records a deposit for each transaction using a single income and expense account. If it cant find a match, it adds the customer name to the Other Names List. You wont be able to download shopping cart detail, so dont click the checkbox next to this option. Getting Data Out Of Quickbooks Online Into A Quickbooks Desktop Download History ButtonClick the Download History button at the bottom right of the page. If you see new bank accounts at the top of your chart of accounts, you didnt enter the account names correctly. To fix this, edit the PayPal-generated accounts and change the type and name to match the correct account. Youll need to change the dates each time you use the memorized report. You can check your transfers against the transaction history report in PayPal. If youre using PayPal, youre probably transfering funds from your PayPal account to your bank account daily or weekly, so it doesnt make sense for you to map the.iif file to your QuickBooks bank account. Instead, set up a separate QuickBooks bank account for the PayPal transactions called PayPal Account. This way, the.iif file imports all of the transactions to the PayPal Account and acts as an undeposited funds account. Then, when you actually make the transfer to your actual bank account from PayPal, you can record the transfer in QuickBooks from the PayPal Account to your Bank Account. This makes reconciling both your PayPal and bank accounts a snap. Otherwise, the.iif file causes QuickBooks to create a new bank account and post all transactions to it. If this happens, you can easily edit the newly created PayPal account, change its type and name to match the correct account, and merge the accounts together. One downside to using the utility is that all sales and expense transactions post to one account. This means that if youre paying for goods or services through PayPal, all of these transactions will be posted to the PayPal Fees expense account. A workaround for this is to open the.iif file in Excel as a tab-delimited file, change the account names in Excel (or add a class), and save the file. Youll see a window warning you that the file may not be compatible with text.
0 Comments
Leave a Reply. |