Are you utilising QuickBooks Online (QBO) alongside Talenox for your accounting needs?
If so, you will be able to connect both platforms, and push your payroll entries directly from Talenox over to QBO every single month.
This 3-part walkthrough will guide you through the following:
Part 1 - Setting up QBO to Receive Monthly Payroll Entries
You are currently at Part 1 of this 3-part guide - aimed at helping you easily set up QBO for Talenox 😄
Setting Up QuickBooks Online for Talenox
Firstly, you'll have to log in to your QuickBooks Online account.
In QBO, you'll need to set up 2 sections needed for the mapping process over to Talenox:
Chart of Accounts
Chart of Accounts
1) On the main dashboard, head over to your Chart of Accounts (CoA) by clicking on Accounting > Chart of Accounts:
2) Next, click on “New” and start adding the various accounts that are mapped to the individual pay items in Talenox:
You can set up your CoA in QBO to suit the payroll and tax requirements in the respective country that your company is operating in. You can create similar CoA for other countries' payroll needs as well.
1) To further help with tracking the records that are pushed over from Talenox, you'll need to set up pay items naming as Suppliers. To do so, head over to Expenses > Suppliers:
2) Then, you can either choose to import your suppliers into QBO or add them in manually one-by-one. To ensure that you have an easy time mapping, the Suppliers should have the same name as the CoA Export Groupings in Talenox.
Congratulations! You have successfully set up both your QBO Chart of Accounts and Suppliers. Now, you can start to connect and map your pay items over in Talenox. 😃
Head over to Part 2 - Connecting Talenox to QBO & Mapping of Payroll Entries for the next guide in the series 👍🏻