How to Integrate Zoho Inventory and QuickBooks Online
Zoho inventory is integrated with QuickBooks Online to make your accounting and inventory management go hand-in-hand. With this seamless integration, QuickBooks customers can easily access all their sales and purchases in Zoho Inventory.
With this integration you can:
- Import your accounts and contacts into Zoho Inventory from QuickBooks Online
- Export your invoices, credit notes and bills along with their payments from Zoho Inventory to QuickBooks Online
Prerequisites
- You must have an active account with QuickBooks Online
- You cannot connect multiple QuickBooks organizations to your Zoho Inventory organization and vice versa
- Your QuickBooks organization with which you wish to integrate, must have the country as the US.
- Ensure that the base currency of both these organizations is the same.
- If you have enabled multi-currency in Zoho Inventory, then you have to enable the same in the QuickBooks too
Set up QuickBooks Online Integration in Zoho Inventory
Integrating Zoho Inventory with QuickBooks Online is a simple and straightforward process
- Log in to your Zoho Inventory account
- Navigate to the Integrations tab on the sidebar
- Choose the Accounting tab
- Click the Connect to QuickBooks button next to QuickBooks Online
- You will be redirected to QuickBooks Online sign-in page. Enter your credentials to proceed with the integration
- Once you sign in to QuickBooks, if you have multiple organizations, you need to select the organization you want to connect with Zoho Inventory
- After selecting an organization, click Connect to complete the integration
Configure the Integration
- Once you have connected with QuickBooks you will be redirected to your Zoho Inventory account to configure the integration
- Here, you need to configure the settings to import and export from QuickBooks Online
Importing from QuickBooks Online
The following can be imported from QuickBooks Online:
- Accounts: By default, all your accounts in QuickBooks will be imported as accounts in Zoho Inventory. The accounts will be synced both ways, but any chances made to the existing accounts in Zoho Inventory will not be reflected in QuickBooks
- Customers: All you customer contact details in QuickBooks will be imported as customers in Zoho Inventory.
- Vendors: All your vendor contact details in QuickBooks will be imported as vendors in Zoho Inventory.
- Your existing accounts and contacts in Zoho Inventory will not be affected by the import
- All your imports will be automatically reflected in your Zoho Inventory account
Exporting to QuickBooks Online
- Choose the modules you want to export from Zoho Inventory to QuickBooks. You can export invoices with payments, bills with payments and credit notes
- Select an adjustment account for bills and invoices
- Select an account under which you want to record bank charges and write-offs for your invoices
- If or when an invoice is written off in Zoho Inventory, a credit note is automatically created and associated with the corresponding invoice in QuickBooks
- If a payment is recorded with bank charges, the payment amount is initially accounted as undeposited funds and a deposit will be made to the appropriate bank account with bank charge
- Here, you need to configure the settings to import and export from QuickBooks Online
- You can export transactions created with the contacts imported from QuickBooks. If you are exporting a transacation created with a contact in Zoho Inventory, then the contact will be automatically created in QuickBooks with the basic details such as name, phone, email, and address
- The underlying items in each invoice or bill that is exported from Zoho Inventory will be created on the fly as Products and Services in QuickBooks
- The transactions will be exported to QuickBooks as and when they are created/updated/deleted in Zoho Inventory.
Mapping Taxes
- To map the taxes, make sure that you have enabled taxes in both Zoho Inventory and QuickBooks Online account
- Select an existing tax in Zoho Inventory or create a new one, and then select the corresponding QuickBooks tax to be mapped.
- Once the initial setup and configuration is done, click Save to return to the details page.
Adding Items from QuickBooks Online
Items in Zoho Inventory do not sync with the items in QuickBooks Online
Since Zoho Inventory is the stock management software, you will have to bring your existing items in QuickBooks in Zoho Inventory.
To do so:
- Export all your items in QuickBooks
- Import the same into Zoho Inventory
- Mark the existing items in QuickBooks as inactive
View Integration Details
After you have configured the integration, you can view the details regarding the integration from the details page
- Any new addition to the list of contacts or accounts in QuickBooks will be automatically reflected in your Zoho Inventory account virtue of the auto-sync that occurs once a day
- If you want the chance to be reflected in Zoho Inventory immediately, you can click the Instant Sync button.
- You can change the configurations at any time by clicking the Chance Configuration
- From the details page, you can also check when the next time sync will occur, the last synced time, and view the history of all syncs between your Zoho Inventory and QuickBooks Online.
Sync between Zoho Inventory and QuickBooks Online
Zoho Inventory syncs with the transactions and contacts from QuickBooks Online. The following lists out the sync details
Sync Details of Transactions
Transactions such as invoices with payments are pushed from Zoho Inventory to QuickBooks Online.
The following table lists out how the transactions are synced between Zoho Inventory and QuickBooks Online
Sync Details of Invoice
Invoices are created in Zoho Inventory will be exported to QuickBooks Online along with their payments.
The following tables lists out the fields in Zoho Inventory invoice that are mapped with the one created in QuickBooks
Sync Details of Bills
Bills created in Zoho Inventory will be exported to QuickBooks Online along with their payments.
The following table lists out the fields in Zoho inventory bills that are mapped with the one created in QuickBooks
Sync Details of Contacts
Both vendor and customer contact details will be synced from QuickBooks Online to Zoho Inventory. A contact created in QuickBooks as a “Customer”. A contact created in QuickBooks as a “Vendor” will be imported into Zoho Inventory as a new “Vendor”.
The following table lists out how each contact’s details are reflected from QuickBooks Online to Zoho Inventory
Sync Details of Stock Movements
The stock movement in Zoho Inventory will be recorded in your QuickBooks journal daily. both the incoming and outgoing changes in stock will be captured in the journal in a consolidated manner. Each line item in the journal will list the debit and credit amount per sale/purchase account for the day.
The inventory adjustments that you make in Zoho Inventory will also be record in the journal in QuickBooks.
Thus, you can avoid manual data entries as your stock movements will be accounted for in the journal automatically.
Delete the Integration
To delete the integration with QuickBooks Online:
- Log in to your Zoho Inventory account
- Navigate to Settings, Integrations, then Accounting
- Click the trash icon in the top right corner
- In the following pop-up, click Confirm to remove the integration
Even after you remove the integration, all your accounts, customers, and vendors from QuickBooks will continue to remain active in Zoho Inventory.
To disable the integration temporarily:
- Click the Deactivate link. You Zoho Inventory account will not longer be in constant sync with your QuickBooks account
- To re-activate the integration, simply click the Activate button.