Limitations of QBO Rules:
1- When you create a rule for a client in QBO that rule is created solely for only that client.
2- Many many rules are repeat rules that won’t change (Starbucks, American Airlines, Texaco Gas etc…)
3- With thousands of rules across all your clients, finding a mistaken rule is like finding a needle in haystack
4- Maintaining consistency of vendors across all your rules is extremely difficult especially with large overseas teams
5- Creating/Editing Rules in QBO requires giving access to QBO
Ledgersync Benefits:
1- Ledgersync Rules Engine works the “opposite” of QBO. You can create a “Global Rule” and that one single rule can mass apply to ALL Clients and feed into the correct QBO GL Code for each client.
2- All rules are displayed on a single web page and you can see the rules, the logic and which client the rule has been applied to. (Full visibility of your rules)
3- When you add a client and bank connection to Ledgersync, the transactions are AUTO ASSIGNED based upon the rules you have created. The Global Rules acts like a “VLOOKUP” and mass assigns the rules. Ton of time savings here!
4- Full review process to edit and delete before pushing into QBO. Also ability to mass delete from QBO as well. (we have you fully covered!)
5- Edit a single rule (example: Starbucks was categorized as X and now Y) that rule impacts all transactions for all clients going forward
6- Because the rules have been made visible and simplified on a single web page- no more mis categorization mistakes.
7- All work is done in QBO and you can be assured your QBO books are pristine.
Please book a time with Matt to learn more and help you get started