PLEASE NOTE:
The majority of the contents in this guide apply to both StudioPlus Spectra AND myStratus Desktop.
In most cases, instructions referring to "Spectra" also apply to myStratus Desktop.
Search:
Contents
:
BookmarkPrint

Home > Accounting > Accounting Overview
Accounting Overview

    
NOTE: This feature is available in the Professional and Enterprise versions of both Spectra and myStratus Desktop.

The Spectra/myStratus Desktop accounting features are highly interactive and useful for financial reporting and for linking with accounting software, i.e. QuickBooks Desktop, QuickBooks Online,  Simply Accounting, or MYOB. The accounting process begines by performing a “posting.” Posting is a process where financial transactions such as invoices, payments, credit memos, and refunds are locked into Spectra/myStratus Desktop. Reports are generated along with the option to export data to your accounting software.

Spectra/myStratus Desktop are designed specifically for the photography industry and provide the invaluable ability to track your clients and your sales. Your accounting software tracks your expenses, payroll, and general financial reports such ase your balance sheet and income statement. Spectra/myStratus Desktop will export  sales information to your accounting software so you get consolidated financial information without having to double enter your data.


 DO I NEED TO USE THE ACCOUNTING FEATURES AND PERFORM POSTING?

Posting is not a required feature. However, if you answer "yes" to any of the following questions, then you should post and post regularly.

  • Do you want to export your financial transactions to external accounting software like QuickBooks Desktop, QuickBooks Online, Simply Accounting, or MYOB?  
  • Do you want to print a daily cash receipts report that matches your deposits?  
  • Do you want to lock financial transactions so that they cannot be modified after a certain date?
  • Do you want to generate a sales tax/VAT report?  

If you answered "yes" to any of these questions, then you should post.   

To use the Integration, here are the steps in order that need to be taken.  To simply post, follow instructions Using the Accounting Link



See also
Setting up the Accounting Link - NEW to 2021 - QuickBooks Online
Using the Accounting Link
End of Day Wizard
Cash Reconciliation
FAQ - Unlocking Posted Invoices
FAQ - Reconciling with QuickBooks Desktop


Was this information helpful?YesNo

How would you rate this page?