Depending on the frequency and size of your payouts, this connection could save you dozens of hours each month.
Benefits of integration:
Seamlessly post and sync your payouts to the Vendor Expenses sheet. This will also add any new consignors you enter.
Seamlessly post and sync your sales data to Quickbooks Sales Journal.
Requirements:
Available in the United States only.
Ricochet is compatible with Online QuickBooks accounts only (Essentials or newer). If you have been using an older, installed desktop, version of QuickBooks, it will not connect with Ricochet.
Before connecting QuickBooks to Ricochet, be sure to have the following things ready:
QuickBooks login email and password.
Consignors email addresses assigned to their account in Ricochet and in QuickBooks. Connecting with QuickBooks will work fine without one, but the email field is the identifying connector between the two platforms; that is how you avoid duplicating vendors. Caution: If you make multiple payouts to one Jane Smith, but she doesn't have an email assigned, QuickBooks will create a new vendor, assuming that they are different people.
In Ricochet,
Click Preferences
Click Integrations
Click the QuickBooks tab
If your account is not connected, a red status bar will appear
Click the green Connect to QuickBooks button
Enter your QuickBooks login information
NOTE: Quickbooks will request that you set up payments with QuickBooks if you have not already. This will require your bank account and routing information. Complete that form to continue.
Once connected, Click Synchronize Consignors With QuickBooks Vendors
Depending on the size of your consignor list this process could take several minutes. In the meantime, you can still use Ricochet as normal. No need to stay on that page.
If, for some reason, you are noticing that the connection doesn't work, disconnect and reconnect the integration.
You have the option to create new vendors if there is no email identified. Note that this will create new vendors if selected, whether or not they already exist within Ricochet.
You only need to do this function once. After the connection is completed, Ricochet will communicate new vendors and payouts with QuickBooks in real-time.
