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Export of sales transactions into QuickBooks accounting software
Abacre Point of Sale allows to export daily sales data into QuickBooks accounting software. During export it creates export file of IIF format. Then you may import this file into QuickBooks. This export is available in standard and professional licenses.
Step-by-step instructions to setup exporting of sales data into QuickBooks:
Usual accounts for corresponding account names are:
Note: all accounts must exist (be already created) in QuickBooks before importing the file. Otherwise you will get error messages.
Note: even correct tax vendor name must be used. For example, in USA it's IRS.
Then setup deposit accounts for payment methods:
Now try to place several sales orders.
Then do End of Day - Reconcile Cash Drawer command.
After that do End of Day command.
On the final page it will produce Z-Out Restaurant Close report.
After pressing on Close button you will see: Do you want to export financial information into QuickBooks?
Note: this export maybe also be executed from Reports:
Then open QuickBooks and do command: File - Utilities - Import.
Do import of the export.IIF file.
Note: The transaction type used in this file is General Journal.
In order to record cost of sold items the following transaction pair:
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