If you haven’t heard about the Momence Bookkeeping App, now is the perfect time to give it a try. An automated bookkeeping system designed to support you in tracking your finances and the different pieces of your business in an simple, digestible way. This tool automatically reconciles each deposit that hits your bank account, giving you the ability to save time on loads of manual work and eliminate the need for a bookkeeper if you use one.

To learn more about the app itself, check out this article.

With our newest update to the Bookkeeping App, you now have the ability to map your different revenue categories on a more micro level when integrating with Quickbooks (Xero coming soon!). This allows you to continue organizing the categories you have within your accounting software in the same way you always have, making the breakdowns of revenue clear and concise for the areas that are important to you.

For example, within the overall category of memberships, maybe you like to track all of your class packs, recurring memberships and teacher training memberships separately. Or, it could be useful to split up any virtual versus in-person classes within the overall classes category.

You can now easily do this under Finances > Bookkeeping > Connect > Quickbooks. From there, if you click the dropdown arrow next to any category (i.e. Memberships, Classes, etc) you can then select as many items that you want to categorize together. Once you’ve selected all of the items in the group, you can assign them the proper Quickbooks account (or class, depending on which you use in your software) by selecting the appropriate + Assign button.

A pop-up will appear where you can select the appropriate account/class from your pre-created categories within Quickbooks. Once you have your items assigned, all of your deposits will be mapped and reconciled accordingly, so you can keep track of everything easily and in the best way for you.

Curious about the Bookkeeping App and want to see if it’s right for you? Activate your 30-day free trial under Apps & Integrations > App Store > activate Automated Bookkeeping.

Want some extra knowledge about this feature and/or other new releases? Join one of our Q&A: Marketing and New Feature Releases webinars happening twice weekly.