Page Comparison

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Start with the following:

1. Unpaid Debtors at 30 June 2021 – we have a template for import into Wise Owl

2. 1. Adjusting entries will need to be made so your trial balance matches step 4 below.
      

3. Unbilled fees and outlays at 30^th June 2021 – we have a template for import into Wise Owl

   1. Adjusting entries will need to be made so your trial balance matches step 4 below.
      

4. Review chart of accounts

   1. Wise Owl will push in the fees and outlays accounts;

   2. QuickBooks will populate a lot of the other accounts

   3. Some QuickBooks accounts need to be  tweaked

   4. Some accounts will need adding.
      

5. Enter your trial balance at 30 June 2021 into QuickBooks Online

   1. Check it balances
      

6. Enter or import to Wise Owl Legal from 1 July 2021 to current and allow to push through to QuickBooks Online:

   1. Outlays to customers

   2. Fees to customers – can be entered on invoice as one line if the invoice has already been issued from another system

   3. Customer to invoices

   4. Receipts from customers
      

7. Connect your bank account to QuickBooks.

   1. Set up the bank feeds

   2. Remove the silly opening entry automatically created

   3. Exclude data pre 30 June 2021

   4. Run Bank reconciliation for 30 June 2021 and match to previous

   5. Start making rules

   6. Process data from 1 July 2021
      

8. Be careful when processing bank feeds that you don’t duplicate the data Wise Owl data pushes into QuickBooks Online.
   
   TRAPS FOR YOUNG PLAYERS
   
   QuickBooks Online items to MATCH to Wise Owl Items

   1. Invoices to customers  

   2. Outlays for clients

   3. Receipts from clients