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Slash Platinum
Connecting Slash Platinum to Quickbooks
Connecting Slash Platinum to Quickbooks
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Written by Mohamed Badran
Updated over a week ago

Take advantage of the full Slash Platinum experience by connecting your account to Quickbooks. With a custom quickbooks integration, you’ll be able to save hours of precious time by automating your bookkeeping process and maintaining an accurate, real-time view of your transaction activity. Wondering how to get started? Read on!

Step 1: Understanding your Slash Platinum Cash and Credit Accounts

Your Slash Platinum account is made up of a Cash and Credit Account. Activity on your Cash account includes all money movement in and out of the account. This includes incoming wires and bank transfers into and out of the account, as well as your Slash Credit Account daily repayment. Activity on your Cash account includes each individual card transaction you make when you spend on your Slash Visa Secured Charge Cards.

When you connect your Slash account from within Quickbooks, you’ll need to connect both your Cash and Credit accounts to capture all activity on your Slash account accurately.

Step 2: Connecting your account

From the side panel of your Quickbooks Online account, select Transactions → Bank Transactions → Connect Account. Search for Slash (joinslash.com), and enter the email address and password associated with your Slash Platinum account.

Next, you’ll be asked to connect your accounts. It’s important that each of these accounts are connected with the appropriate account type, to ensure your transactions are properly categorized. Your Slash Platinum accounts will be visible as Business Platinum Credit and Business Platinum.

Select the Business Platinum Credit → Add new. Choose “Account Type” as “Credit Card” and make sure to name your account “Business Platinum Credit” as shown below. Make sure to select Save and Close to commit the settings.

Next, select the Business Platinum → Add new. Choose “Account Type” as “Bank” and “Detail Type” as “Checking”. Make sure to name your account “Business Platinum Cash Account” as shown below. Select Save and Close to commit the settings.

Finally, select “Connect” to finalize connecting your accounts. You can choose the time interval from which to pull transactions.

Step 3: Categorizing and Matching your Slash Platinum Transactions

Once your accounts are connected, you should be prompted to categorize your transactions in the Get things done page of your Dashboards section. With that, let's get things done!

Matching Business Platinum Credit Transactions:

Selecting your Business Platinum Credit account, there are two types of transactions, Credit Card Payments and Card Transactions.

The first is a Daily Credit Card Payment. For these transactions, you should set “Credit card payment from” as Business Platinum Cash Account. This way, Quickbooks will be able to automatically match Daily Credit Card Payments between your Business Platinum Cash account and your Business Platinum Credit account. You’ll see “Paired Transaction Details” will appear as part of the tile.

Next, Card Transactions. Card Transactions are individual transactions at merchants you spent at using your Slash Platinum virtual or physical cards. You should categorize these according to your individual Quickbooks Categories (i.e. expense types). We would categorize a Netflix transaction, for example, under “Entertainment” expense. Note that card refunds are received to the Business Platinum Cash account, not the Business Platinum Credit account.

Matching Business Platinum Cash Account Transactions:

Categorizing transactions from your Business Platinum account, you’ll find that a number of Credit Card Payment transactions are automatically matched by the Quickbooks engine. All you’ll need to do is select Match and these transactions will be properly matched to their corresponding credit transaction.

You’ll also be able to see any fees associated with your Slash account. We’ve categorized these under “Commissions & fees”.

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