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support:quickbooks_setup

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Overview

For accounting, Ranger provides linkages to QuickBooks - the #1 rated business accounting software for small- and medium-sized businesses. The benefits of using QuickBooks (vs. accounting functionality within Ranger) Include:

  • More robust functionality that is designed to accommodate multiple businesses (different legal entities) and different types of businesses (e.g., towing vs. body shop)
  • Provides for the full scope of business accounting needs - from revenue to expenses to accounts payable/receivable to fixed assets - for the preparation of Income Statements, Balance Sheets, and Federal/State/Local Tax Returns.
  • Is supported by large ongoing investment from Intuit to improve functionality and ease of use


There are a few guiding principles that create the framework for the linkage of Ranger to QuickBooks

  • QuickBooks is the authoritative source of all accounting information and the record of reference for preparing financial statements and tax returns
  • Ranger is an input source to QuickBooks - providing all of the necessary detail to record the appropriate revenue from the towing and recovery business. Information flows from Ranger to QuickBooks - one-way. Changes to records in QuickBooks do not flow back to Ranger
  • With appropriate User Permissions, Ranger provides flexibility to identify and correct errors in revenue calculations for each job before sending information to QuickBooks. However, once sent to QuickBooks, records are “locked” in Ranger and no further edits are possible
  • Ranger provides management reporting that enables the assessment of business trends - e.g., revenue growth/decline of offerings and/or accounts. While this reporting is almost always “roughly right”, there may be minor discrepancies vs. accounting data if changes were made in QuickBooks after records were downloaded from Ranger
support/quickbooks_setup.1298510613.txt.gz · Last modified: 2011/02/23 20:23 by jshellhaas