It is important to manage your Debtors betweeen Wise Owl and your chosen Accounting product to ensure accurate representation in both systems.
All debtors processing must initiate within Wise Owl Legal and be allowed to post through to your accounting product. This includes:
- Invoicing
- Receipting
- Adjustment Notes
- Write offs
The debtors in Wise Owl Legal should be balanced with the debtors in your accounting program on a regular basis to ensure they are identical.
We recommend monthly, but this should be done at least quarterly.
These links will show you how to reconcile between Wise Owl Legal and QuickBooks Online.
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To download the Reconciliation spreadsheet - Right click this link and Open in New Tab
Additional Resources for Debtors Management:
How to Invoice - see main page and subpages - Invoice - Register
How to receipt into General - Receipts - New Receipt
How to create an Adjustment Note and apply it - Adjustment Notes / Discounts
How do I delete a Discount / Adjustment Note