Ditching quickbooks?

Hi @Rebekah Kemp! HoneyBook Finance Pro and QuickBooks Pro Advisor here 👋 Are you currently using the Quickbooks and HoneyBook integration? As someone who’s fluent with both I believe there are a few things you could consider before potentially making the switch.

1. HoneyBook is a CRM by nature (though there are AMAZING plans on the financial side, stay tuned! 😉), at the moment, Quickbooks would be a much better choice as an accounting record keeping software. 
2. If you’re using your business bank account connected to your QuickBooks and run all your business income and expenses through it, it syncs and automatically downloads all transactions for you from your bank. Using HoneyBook, for expense tracking, you would have to manually enter all your expense transactions individually. This could leave a lot of room for human error, some may be missed, missing out on potential tax deductions. 
3. As for payments, if you receive any payments outside of Honeybook, these too may be missed as “Payments” in Honeybook tracks invoices and payments made through Honeybook directly. While you may mark a payment you invoiced through Honeybook as “Paid by other”, it may still leave some room for discrepancies, especially with any payments not directly invoiced through HoneyBook. 
4. When using the “Profit & Loss” feature within Honeybook, it will only take into account the income tracked in Honeybook (via “Payments”) and the expenses that were manually entered, if anything’s missed (as mentioned above) the information reflected may not be accurate.
5. It won’t track any liabilities, like credit cards, lines of credits, loans, the way Quickbooks would which could also give you inaccurate financials, as there’s no balance sheet option available at the moment. 
6. Reconciling your books is the process of matching your monthly bank statement to the information in your Quickbooks. It’s an essential step to make sure all transactions reflected in the books are accurate as per the transactions that actually hit the bank. This is a feature of an accounting software like Quickbooks, that at the moment, is not found within Honeybook. 

I asked if you were taking advantage of the HoneyBook/Quickbooks integration because it’s the best way to get the best of both worlds. You’ll be able to have all essential financial components within your record keeping software and sync your invoicing and payments directly to it from HoneyBook without having to do any of the manual entry. 

I hope this helps you make the most informed decision!