Quickbooks, the leading cloud accounting software in the United States, seamlessly integrates with LEAP. The powerful combination allows you to access your legal and office accounting from anywhere in the world with Internet access.
As a cloud product, QuickBooks Online is accessible from any browser or mobile phone. Quickly capture billable time on-the-go or out of the office with the LEAP Mobile App and do your accounting and billing seamlessly with QuickBooks Online.
Since it is incredibly easy for your external accountants to access and check your data, you can significantly reduce your external accounting costs.
Only you and your external bookkeeper need access to your general ledger, so your information is secure and your legal staff can focus on the legal work of the firm.
QuickBooks Online links and operates with LEAP in the cloud. A number of Journals are created in LEAP and exported to QuickBooks Online. There is an audit trail of every transaction, and you can quickly and easily check to ensure that all journal entries have been made. QuickBooks account codes are set up when LEAP is installed and after that, the combined products do not create any extra work at all.
For more information about QuickBooks Online for law firms, visit quickbooks.intuit.com/
QuickBooks Online (QBO) is one of the most widely used small business general ledger software in the world. As of 2017, QBO boasted over 2 million customers. Most accountants are familiar with QBO and if they have an account, they can be invited to access the law firm’s accounting information without having to learn a new software system or receiving reports from the firm directly. QBO syncs with your bank and LEAP, creating a seamless integration that results in less data entry errors and increased efficiency.
Both LEAP and QuickBooks Online support accrual or cash-based accounting.
QuickBooks Online (QBO) does not have the complete range of reports you are used to in QuickBooks. The good news is that any of the reports you feel are “missing” from QBO can be run in LEAP, including Accounts Receivable, Contributions & Recovery, Payment Allocation, etc. QBO does have the high-level reports used by your accountant, including the Profit & Loss report and Balance Sheet.
Operating Account transactions relating to your clients and matters will sync with QuickBooks Online (QBO). This includes retainers held in the Operating Account, receipts, and checks written out of the Operating Account. Trust transactions are not exported. Payments received from clients are automatically split into professional fee income or expense reimbursement categories for you. The check number of expenses written out of LEAP will transfer, as well as the name of the vendor, if the vendor is listed in both LEAP and QBO. If you write off an expense for which you wrote a check out of LEAP, the write-off will transfer. If the firm is on an Accrual basis, the Accounts Receivable information will transfer to QBO, including any adjustments or write-offs.
The General Ledger Link is the link between your LEAP transactions and QuickBooks Online (QBO). The link can be set to auto-synchronize with QBO so that you stay up to date with your exports. You can search the list by transaction or journal number to locate any journals you need to re-export, place on hold, or otherwise edit or control.
The General Ledger Link allows for full control over what does and does not go into QuickBooks Online (QBO). If you do not have auto-synchronization turned on, you can select the journal entries you do not want in QBO and change the status to Hold. These will still be available if you need them in the future.
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