![]() When a PO is marked as Completed in Lightspeed, this option will create a Purchase Order in QuickBooks. If you are applying your vendor invoices directly to a COGS account in QuickBooks as you are paying your bills, you do not want to enable this option as it will result in duplicate COGS amounts as well as reduce an Inventory Asset account balance that does not exist.īook Purchase Orders: Currently only available for Lightspeed Retail. Shogo will post the cost of how much was sold not how many). Please note that this option is a VALUE based not a QUANTITY based integration (i.e. Inventory and COGS accounts are specified at the category level. Unlike a QuickBooks Invoice, Sales Receipts will create a net balance which will represent the amount of the cash deposit, which will be recorded into this "Deposit Account." This will, typically, be a Cash on Hand account, the Undeposited Funds account, or (not recommended) an actual bank account.īook Inventory/COGS: Creates a journal entry representing Inventory and Cost of Goods Sold offset value amounts based on products sold net of returns. Please note that the Shogo integration is not based on each Point of Sale transaction, so this customer you be something like "Walk-In" or "Point of Sale" not an individual customer who purchased a product or service.ĭeposit Account: Only applies to Sales Receipts. ![]() The individual options are as follows and will vary, depending on what your Point of Sale supports.Ĭustomer: Only applies for Sales Receipts and optionally allows you to associate the Shogo posting with a QuickBooks Customer. ![]() What's next?Ĭontinue with the configuration by mapping your accounting.Creates a single journal entry with the sales grouped based on the Point of Sale department or category, depending on your Point of Sale's naming convention.Ĭreates a single Sales Receipt (net-to-cash) based on the Point of Sale department or category, depending on your Point of Sale naming convention.Ĭreates a single Sales Receipt (net-to-cash) based on the Point of Sale item (SKU/PLU). Once you have set all of your accounting options, press the Apply button to save your settings. This is most often used when the merchant knows that the cashiers will frequently not close the drawer properly. If you deposit checks together with your cash in the same deposit, as recorded on your bank statement, this option will group all cash and check tenders processed on a given date on the point of sale into one amount to facilitate matching with the actual bank deposit.ĭepending on your operations, you can select to ignore any over/short reported by your point of sale and instead book the expected cash amount. You can also optionally specify a non-taxable rate, if applicable.Ĭurrently not available for Lightspeed Restaurant. If this is checked, Lightspeed Accounting use the sales tax rates as defined in QuickBooks, allowing you to match the point of sale tax rates with QuickBooks. ![]() This will, typically, be a Cash on Hand account, the Undeposited Funds account, or (not recommended) an actual bank account. Unlike a QuickBooks Invoice, Sales Receipts will create a net balance which will represent the amount of the cash deposit, which will be recorded into this Deposit Account. NOTE: Lightspeed Accounting integration is not based on each point of sale transaction, so this customer can be something like Walk-In or Point of Sale, not an individual customer who purchased a product or service. Only applies for Sales Receipts and optionally allows you to associate the Lightspeed Accounting posting with a QuickBooks Customer. The individual options are as follows and will vary. Lightspeed Accounting supports the following posting methods for your point of sale data entries in QuickBooks Sales:Ĭreates a single journal entry with the sales grouped based on the point of sale department or category, as per Lightspeed’s naming convention.Ĭreates a sales receipt (net-to-cash) with sales grouped by category.Ĭreates a single Sales Receipt (net-to-cash) based on the Lightspeed item (SKU/PLU). ![]()
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