Overview of Accounting
October 1, 2024
all plans
It is easy for accountants to perform bookkeeping for a client and forget about their own company’s accounts. This can cause issues when it comes time to bill for your work, receive payments, and make sure your own accounts are in order. But Mango makes it easy, by providing tracking for your time, making it simple to create an invoice, offering seamless online payments, and integrating your deposits back to your QuickBooks account.
Implementing thoughtful payment practices can ease your administrative burden each month while ensuring you get paid what you’re owed—and fast. Download this free infographic to see tips for faster, more secure payments (and happier clients!).
Accounting in Mango
Time tracking and invoicing are part of your process, but when it comes to accounting, the most important parts are making sure you get paid, and getting those payments into your accounting software.
Cash Receipts
You can record a payment within Mango, whether a client is paying with cash, check, or credit card. You can also create write-offs or credit memos, as needed. These payments are then applied against invoices, or added as advance payments to apply against future invoices.
Additional information can be found in the Cash Receipts article.
Electronic Payments
Eliminate the excuse that “my check is in the mail” by accepting payments online using MangoPayments. Your clients can pay conveniently in the client portal or by clicking a button in the email where they receive their invoice.
MangoPayments is a simple payment process, designed specifically for accounting firms. Your clients want to pay online, and Mango’s client-friendly payment solution makes it easy for them to pay in seconds.
You can even set up recurring payments, automatically scheduling a new invoice and payment each month, making it easier for your client and your firm.
Using MangoPayments, you get paid faster, and you cut credit card processing fees.
Additional information can be found in the Electronic Payments article.
Deposits
Deposits allow you to bundle cash receipts and make a single transaction that will be deposited at a bank. These allow you to more easily match up your bank statement with what is in Mango, and even posts directly to QuickBooks to keep your accounts in balance.
Additional information can be found in the Deposits article.
Banks
Mango supports recording payments and deposits to multiple banking institutions, making it easy for you to keep track of your balances. Banks in Mango directly match up with bank accounts in QuickBooks when integrated, allowing you to create journal entries without duplicate entry.
Additional information can be found in the Bank Settings article.
QuickBooks Integration
There’s no need to enter data twice with Mango’s seamless integration with QuickBooks. Import your existing QuickBooks data into Mango, then use Mango to invoice and receive payments. Then, your daily deposits, invoices, and journal entries are posted to QuickBooks. This keeps your billing and accounting synchronized.
We’ll even handle the heavy lifting ourselves—our software and support team make it a breeze to migrate your data. Additional information can be found in the QuickBooks Integration article.
Presenting your invoice is your chance to shine, not stumble. Watch our webinar and discover how MangoPayments, your built-in payment processor, can turn payment collection into a seamless experience for both you and your clients.