Overview
Creating a clearing account in your ERP system is crucial in managing your financial transactions effectively. This account acts as a temporary holding place for transactions that are in the process of being cleared, ensuring that your books remain accurate and up-to-date. The following instructions will guide you through setting up a clearing account in various ERP systems that integrate with Quickly.
Quickbooks
Log in to your QuickBooks account.
Navigate to the Chart of Accounts from the Accounting menu.
Click on the "New" button.
Select the Account Type and Detail Type as "Credit Card."
Enter the name of the account; "Quickly Clearing Account."
Save the new account.
Go back to Quickly's Platform and Force Update.
XERO
Log in to your Xero account.
Navigate to the Accounting menu and select Chart of Accounts.
Click on "Add Account."
Choose the account type as "Current Liability."
Enter "Quickly Clearing Account" as the name.
On the bottom left corner, click "Enable payments to account."
Save the account.
Go back to Quickly's Platform and Force Update.
Dynamics 365
Log in to Dynamics 365.
Navigate to the Finance and Operations module.
Go to the Chart of Accounts setup.
Click on "New Account."
Choose the account type as "Liability."
Enter "Quickly Bill Clearing" as the name.
Save the new account.
Go back to Quickly's Platform and Force Update.
Following these instructions ensures that your clearing account is set up correctly, facilitating smoother financial operations within your ERP system. Once the account is created, it is important to Force Update in the Quickly Platform for us to be able to see it.
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