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Chart of Accounts

Because all detailed information such as Manufacturer, Product type, etc are kept in e-manage, there is no reason to create that type of detail in the QB Chart of Accounts. You can break it down as far as your accountant wants to see it.

If you want to break the accounts out further than you will want to create a new WIP account for every COGS account so  e-manageONE will automatically handle WIP for you.

Below are some examples: 

Cost of Goods (COGS) 

COGS - Furniture
COGS - Labor
COGS - Freight
COGS - Misc Job Expense

Work in process (WIP) - There needs to be a WIP account for every COGS account so that e-manage can automate the WIP for you.

WIP - Furniture
WIP - Labor
WIP - Freight
WIP - Misc Job Expense

Customer Deposits - You will need a separate account for Customer Deposits

Inventory - This is a new account created as a Other Current Asset. This account will need to be created in QB and mapped in the e-manage Administrator under Dropdowns / Product Type.

Vendor Deposits

Vendor deposits get pushed over into WIP as they are a prepayment. This is important if you want to keep the WIP automation.

The video below goes through the process of setting up QuickBooks all the way through testing:

 

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