The integration will help businesses save time and money with an even more seamless, automated way to reconcile payments, bills and invoices with their accounting system with no manual entry required.
The new integration will import invoices directly from QuickBooks, quickly identifying and populating all essential information such as vendor, amount due, invoice due date and more. Once the invoice has been paid through Plastiq, the platform will then export the payment information back into QuickBooks, including differentiating the portion of the payment applied to the invoice from Plastiq’s transaction fee. This separation of payments into proper classifications is immensely important for accurate record maintenance for monthly reporting, tax returns and audits.
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