QuickBooks Feature Kit

QuickBooks Online (QBO) is a cloud-based accounting software developed by Intuit. It’s designed to help small and medium-sized businesses manage their finances, including invoicing, expense tracking, payroll, tax preparation, and financial reporting. Since it’s cloud-based, users can access their financial data from anywhere with an internet connection.

Key functions of QuickBooks Online:

• Invoicing & Payments – Create and send professional invoices, track payments, and accept online payments via credit card, ACH, or PayPal.
• Expense Tracking & Bank Reconciliation – Connect bank accounts and credit cards to automatically import transactions, categorize expenses, and reconcile accounts.
• Financial Reporting – Generate reports like profit & loss, balance sheets, and cash flow statements to get insights into business performance.
• Payroll & Tax Management – Manage payroll processing, automate tax calculations, and ensure compliance with tax regulations.
• Inventory & Sales Tracking – Track inventory levels, manage stock, and sync sales data from multiple channels for better inventory control.
• Learn more

QuickBooks Integration is a powerful third-party integration that gives our clients the ability to push bookings, payments, and payout transaction data from FareHarbor to QuickBooks online.

• Bookings: A booking creation in FareHarbor platform, will create an invoice in Quickbooks with all relevant data
• Payments: Tracking of payment activities into the Quickbooks sales dashboard
• Payouts: The integrations will show the money released by FareHarbor, to the client and where the payout is going to

This brings a lot of value to both our clients and FareHarbor.

Value for Clients:

• Automate Data Sync: Effortlessly transfer transaction details, invoices, and payments directly into Quickbooks
• Streamline Reconciliation: Reduce manual entry and ensure your accounts stay accurate and up to date
• Boost Efficiency: Spend less time on bookkeeping and more time growing your business
• Stay in Control: Access detailed financial reports and insights, all in one place

Value for FareHarbor:

• Reduce client dissatisfaction that leads to churn
• Increase client acquisition: this has been a blocker for sales

• Tiers: Any
• Regions: NORAM
• In general:
  • Existing clients and prospects using QuickBooks Online
  • Existing and prospective clients using other third-party accounting softwares

There is no monetization involved with this feature. Quickbooks Online has it’s own separate pricing.

Not available

It is possible to sync QuickBooks and FareHarbor items through the process of mapping. When FareHarbor items are mapped to QuickBooks items and the client gets a FH booking for that item, that booking will come into QuickBooks as an invoice.

In terms of payment activities, the client’s sales dashboard in QuickBooks will display invoices and payments whenever a new booking is created by the customer.

In terms of payout activities, the QuickBooks ‘Deposits’ section will show the payout information. The QuickBooks integration indicates that the funds have been successfully disbursed to the client’s designated bank account. The payouts will be visible from transactions > chart of accounts > checking (type Bank)

Below are additional resources to share with clients:

• Quickbooks Integration One pager
• Website Landing Page (Coming soon)
• Success Stories (Coming soon)

Internal Training:

• Training Deck
• Recorded Training
• Set up video (~5 minutes long)

• Refunds – Released
• Cancellations – Released
• Rebookings – Released
• Tax breakdown/mapping – Released
• Processing fees deducted from amount in QBO – Released
• Customer type breakdown – TBD
• Expenses and discounts – TBD
• Custom fields – TBD
• Multi-tax – TBD

Don’t see an update here? Submit the client and functionality gap to the idea box.

• More information to come…

• Customer type breakdown
• Expenses and discounts
• Custom fields
• Multi-tax