A Wise-Sync Company provides the connection to your Accounting Package company. Depending on the PSA you're using, you may have one or many companies included in your subscription.
Wise-Sync Company settings help you control how tax and invoice adjustments/rounding are handled. This is also where you control how the GL is mapped from your PSA to your Accounting Pacakge.
Account Administrators (i.e. users with the role account-admin) are able to manage Wise-Sync accounts. For more information about User Roles, read up on Wise-Sync Users.
How do I get there?
To configure your Wise-Sync Company, click Companies from the top Menu.
What do I do?
Check out the settings below and what you need to do with them. Click Save when you're done!
|Tab||Setting||What to do|
|Company Options||Accounting Platform Connection||Connect to your Accounting Platform.|
Wise-Sync will try to detect that you're already logged into your accounting package in your browser session. If you're not signed in, you will be prompted to to finalise the connection.
|Company Name||Enter the name of the company.|
|Locale||Set the company's locale.|
|Timezone Offset||Select the timezone of where your region.|
|Tax Options||Use Autotask tax group when sold||Choose how your taxable Sales are handled:|
On - Wise-Sync will apply the Tax Code from Autotask
Off - select a tax group at Tax code when sold (options come from tax codes in QBO)
|Tax Code when sold||Wise-Sync will use this tax code|
|QBO US TAX: Override Sales Tax Level||If QBO AST is in use, select Override Sales Tax Option - as described in QBO Automated Sales Tax (US Region)|
|Tax Codes||A list of tax codes in your accounting package that need to be setup in Autotask.|
|Adjustment Items||Adjustment item code||Wise-Sync will attempt to make minor adjustments where the invoices lines do not match the invoice header.|
Define how Wise-Sync handles the adjustment:
The value will default to WISESYNC_ADJUSTMENT. It shouldn't need to be changed as it allows the adjustment to be easily identifiable when looking at the invoice in your accounting package.
|Adjustment item sales account||Select the GL accounts to post the adjustments for sales.|
|Adjustment item purchase account||Select the GL accounts to post the adjustments for purchases.|
|Limit Adjustments Amount||The amount use as the limit to display errors where the adjustment calculated is less than or greater to the amount specified here. This is defaulted to 10.00. Keep the amount low - if you need to increase this amount, think about whether the resulting adjustments would be due to a bigger process problem. Set this setting to 0 (zero) if you wish to ignore errors|
|Rounding Items||Rounding item code||Wise-Sync will attempt to round invoices where lines do not match the invoice header.|
Define how Wise-Sync handles the rounding:
- shouldn't need to be changed. This allows the adjustment to be easily identifiable in the invoice in the accounting interface
|Rounding item sales account||Select the GL accounts to post the adjustments for sales.|
|Rounding item purchase account||Select the GL accounts to post the adjustments for purchases.|
|Limit Rounding Amount||The amount use as the limit to display errors where the adjustment calculated is less than or greater to the amount specified here. This is defaulted to 10.00. Keep the amount low - if you need to increase this amount, think about whether the resulting rounding would be due to a bigger process problem. Set this setting to 0 (zero) if you wish to ignore errors|
|Static Account Mappings||Default Revenue Mapping Account||There are a couple of ways to handle the posting of revenue:|
1. Use Default Revenue Mapping Account only
Select the account for your revenue to be posted by default.
2. Add your own Revenue Mapping. This will take precedence over what is set as the Default Revenue Mapping Account. Click Add Mapping.
|Use custom mapping type||We may not have all of the revenue types required. If the revenue type that is needed isn't listed, tick Use custom mapping type and give the revenue type a name.|
|Mapping Type||If Use custom mapping type is ticked, enter the name of the Revenue Type. The name MUST match the revenue type in Autotask.|
Otherwise, choose to map one of three revenue types:
|Accounting Platform Account||Map the revenue type to a GL Account from your Accounting Package.|