What is Wise-Sync?
Wise-Sync is a cloud based integration that synchronizes accounting data between ConnectWise and cloud accounting software (Xero and QuickBooks Online). It features great security and privacy by encrypting all data in transit and never storing your accounting data on our servers.
Built by fellow HTG #26 Members, Virage IT, Wise-Sync delivers unprecedented efficiencies in syncing your Accounting Data to the cloud. Features include full integration of Invoices, Procurement & Inventory, Expenses and Payments. Each and every interaction is designed to improve efficiency and deliver greater levels of detail to your Accounting Package.
Watch a demo to take to turbo charge your accounting system.
Evolve IT Australia moved from QuickBooks Enterprise as a way to save time and effort after hearing the success of other HTG #21 partners had by moving to cloud accounting. With improvements recognised across the financial administration of Evolve IT, it gives business owner Nick Moran insight and manageability like never before.
First concerned with the increase of cost of the total solution; Alex Yon, General Manager of Evolve IT looked to understand what savings could be made across the business. What they were not ready for was the sheer value that a change to cloud accounting software Xero would bring.
With savings of over $90,000 in admin and staff productivity costs, are just the beginning. It's not only the cost savings that the business is so enthused by, more the sheer simplicity of the system that helps Evolve IT make sound financial decisions, based on up-to-date accounts reconciled daily.
Using the Xero Tracking and Reporting, Evolve IT is able to identify greater levels of financial visibility across their products and services portfolio, helping to get greater visibility across the business.
One year on, Alex highlights the importance of Wise-Sync in their business, especially the welcome return of her work-life balance as simply; Invaluable.
PowerNet IT Consultants took the epic challenge of moving their business to ConnectWise, Quosal and Xero in one monumental lift-and-shift! With over 50 users, spread over four offices in three states and two countries, dealing in multiple currencies. PowerNet needed a solution that could deliver the efficiencies that could take their business to the next level. Looking at QuickBooks Enterprise as a step in the backward-direction, they looked to cloud accounting to help reach a key efficiency of reducing their admin costs.
They were quick to come across Xero, the market leading cloud accounting platform. Initially discounted as being too cheap to meet their enterprise needs.
They were quickly set on track when they saw Xero's capabilities together with Wise-Sync's multi-location, tracking capability, that would take their complex GL Structure and deliver full insight into their business performance across their multiple locations (something that they had never dreamed of before).
One year on, the picture could not be clearer. With their business going from strength to strength; they've been able to make key business decisions - all powered by the on-time and accurate financial information.
We're ConnectWise partners ourselves and we understand the intricacies and features of the software. This means we can deliver the tightest possible integration between ConnectWise and Xero offering features that you really need and even some you didn't realise you needed until now!
Direction: ConnectWise > Xero | QBO
Invoices with all the bits and pieces
We know the value of meaningful information in your invoices, that's why we sync as much information as wisely possible to xero. Designed by a business just like yours, we'd rather have more information at hand when looking at your invoice in xero - that just makes you wiser.
We've found that the best system to use to send your invoices is ConnectWise, our clients agree. The information that is synced to xero is limited to the structure of your accounting interface setup in ConnectWise.
Standard Invoices (Product Invoices)
Agreement Invoices (Agreements)
Direction: ConnectWise > Xero | QBO
Customer Details, Details.
Customer details are automatically updated each time a new record syncs to xero. So any changes made in connectwise are replicated with each sync for that customer. We know how simple xero is to use and sending statements is a breeze from xero. With the right information. And email addresses of client financial contacts makes the process easier and simpler than ever before. Wise business owners know the power of keeping your debtor days down, sending statements just became fun.
Customer records are only created when a new invoice is synced to accounting.
Fields synced include:
Direction: Xero | QBO > ConnectWise
You should always know when you have the money!
Syncing payments back to ConnectWise could never be easier. Wise syncers know the power of keeping on top of their aged receivables (cash your clients owe you). Ensuring that the payments are correctly applied in accounting can also be helpful as this information is displayed in the ConnectWise portal when a client reviews their invoices. Avoid difficult conversations by syncing your payments with the click of a button.
Due to a limitation in the ConnectWise API we can't apply any credit memos applied in your accounting package.
Direction: ConnectWise > Xero | QBO
Procurement
If you have purchased the procurement module, and are using it... Wise syncers inducted into the procuremiester hall of fame know the power of reconciling your purchases in accounting.[twocol_one]
Purchase Order Header
Greater support for Purchase Order Part-Shipment; including
Purchase Order Details
Optional Items (configured per company)
Synchronise between two or more billing locations in ConnectWise. Wise-Sync supports the sync of multiple connectwise billing locations to matching organisations in xero.
This feature is usually selected by companies that need to sync their financial datas to different xero organisations. Whether you have many locations for billing or just more than 1, wise-sync can map the output with ease.
This feature is ideal for larger organisations that need to split their financial records to different organisations in xero.
We're ConnectWise and HTG partners ourselves so we understand the intricacies and challenges faced when trying to prepare your quarterly financials. For partners using Xero, we even provide a SLI Compliant Chart of Accounts and Income Statement Report, so that you can prepare your SLI figures for input, with the click of a mouse. Our understanding of both ConnectWise and Accounting means we can deliver the tightest possible integration between ConnectWise and Cloud Accounting offering features that you really need and even some you didn't realise you needed until now!
CONCLUSION:
If you have desktop accounting its time to make the change. Dont wait any longer.
Wise-Sync currently offers integration with two Cloud Accounting software platforms – Xero and Quickbooks Online.