Karat + QuickBooks Online
Karat Concierge avatar
Written by Karat Concierge
Updated over a week ago

Let's get Karat integrated with QuickBooks Online. Watch or read the how-to below, or jump to more details about QuickBooks Online.

Watch the how-to:

Read the how-to:

  1. Select Bookkeeping on the left side menu and select Transactions. Then under the Banking tab select Connect account.

  2. In the search box, enter “Karat” and select Karat Financial to continue.

  3. Enter your Karat sign-in info and select Connect.
    Important: You must have admin permissions in the Karat account you are trying to connect. To check and make changes to permissions, contact the Karat support team.

  4. Confirm that you see your account and select Credit card as the account type from the dropdown menu.

  5. Then select a date or enter a custom date for how far back you want to pull transactions (you can pull up to the last 24 months of transactions). Select Continue.

  6. You should now be back in the Bookkeeping > Transactions > Banking screen where you should be able to see all of your Karat transactions ready to be categorized. Notice that this version of Quickbooks will “suggest” categories for you so that all you have to do is review and select Confirm.

More details about Quickbooks Online

The Quickbooks Online version is ideal for small to medium-sized businesses but can also be used by freelancers, independent contractors, and service-based entrepreneurs no matter their tax filing status. This version is often considered the industry standard for accounting software. There are 4 different plans available: Simple Start, Essentials, Plus, and Advanced.

Pros

Cons

  • Multiple users available with Essentials, Plus and Advanced plans

  • Auto-sort expenses into customizable tax categories and custom invoicing

  • Advanced features such as inventory tracking available with Plus and Advanced plans

  • Some features (e.g., inventory tracking, project profitability) require top-tier plans.

  • User-friendly but learning curve to get started.

You can compare Quickbooks Online plans here:

Did this answer your question?