Using 3rd Party Integrations to Reduce Human Error and Save Time
We live in a digital age, and advances in eCommerce have made it easier than ever for your 501c3 nonprofit to keep up-to-date on your finances while also receiving and tracking donations.
QuickBooks bookkeeping services provide an accurate financial overview of your organization and help with cash flow management. QuickBooks also has a wide variety of tools that you can use to manage your donations.
At Good Steward Financial, our virtual bookkeeping services offer a variety of ways to streamline your nonprofit’s cash flow management.
Today, we are exploring how to sync bank accounts, credit cards, and online donation platforms like Stripe, PayPal, and Squarespace to QuickBooks.
Connecting all of these accounts using Quickbooks saves time, reduces human error, and frees you from the need to create manual donation receipts.
How to Sync Bank and Credit Card Accounts to Quickbooks Online
QuickBooks bookkeeping services will allow your nonprofit to add as many banks or credit card accounts as you need to Quickbooks Online. Setting up the connection is easy.
Here are the basic instructions for syncing a bank or credit card to Quickbooks.
- Click “Banking or Transactions,” then “Banking.”
- For your first synced account, click “Connect Account.” For subsequent accounts, click, “Add account.”
- Search for your bank.
- Click “Continue.” Follow the prompts to sign in to your existing bank account and complete the necessary security checks.
- Click the account(s) you want to sync to QuickBooks
- Click “Enter account type” and choose the correct type (savings, checking, or credit card) from the dropdown menu. This dropdown will only include account types already listed in your QuickBooks chart of accounts.
- Choose the period of time you want to download transactions from.
- Click “Connect.”
Once your accounts are synced to QuickBooks, transactions will automatically download from your account to Quickbooks Online.
This step eliminates the need to manually enter or download transactions, making your organization’s cash flow management easier, quicker, and more accurate.
How to Add Donation Platforms to Quickbooks Online
Donation platforms like Stripe, Paypal, and Squarespace allow you to easily take credit card donations on the go, as well as allow your donors to donate completely virtually.
Sync these apps to your Quickbooks Online to easily provide receipts as well as keep track of your cash flow management.
Here are the basic instructions for adding a donation app to QuickBooks Online:
- Click “Apps.”
- Search for “Connect to {app name}” on the “Find apps” tab.
- Click the app and “Get App Now.”
- Follow the prompts to log into your account and connect it.
When you add a donation platform, all of your transactions, excluding temporary holds, will be imported to QuickBooks Online under “For Review.” They automatically sync every 3 hours.
If this discussion of technology and finances go over your head, you are not alone. It might be time to hire another member of the team. Fractional CFO services give your small nonprofit access to a part-time professional who can oversee your organization’s financial needs.
Virtual Bookkeeping Services with Good Steward Financial
Syncing accounts to QuickBooks Online is only the first step towards saving time and making more accurate accounts for your nonprofit.
Good Steward Financial offers a variety of virtual bookkeeping services that are designed to meet your nonprofits’ unique needs, freeing you up to focus on your mission.
At Good Steward Financial, we specialize in:
- Annual audit assistance
- Cash flow management
- Fractional CFO services
- Full-service bookkeeping and accounting
- Payroll processing
- QuickBooks bookkeeping services
We are there for you every step of the way, from setup to implementation and routine maintenance.
Our Values Make the Difference
Good Steward Financial leverages our industry expertise, superior customer service, and strong moral values to help your nonprofit serve your community.
As a Christian company, everything we do aligns with biblical values of integrity, hard work, and helping others.
To start making the most of QuickBooks bookkeeping services and maximizing your nonprofit’s positive community impact, contact us with our easy online form.