Q: Why do I need to connect Pocket to my bank/CC, eCommerce platforms, and QuickBooks Online (QBO)?

A: Connecting Pocket to these platforms enables it to automatically gather and process your financial data, providing you with comprehensive and up-to-date financial insights. Here's what Pocket ingests from each platform:

1. Banks and Credit Cards:

  • Daily bank and credit card transactions (within 24 hours)

2. eCommerce Platforms (e.g., Shopify, Amazon):

  • Order-level sales data, including:
    • Gross sales
    • Discounts
    • Refunds
    • Shipping fees
    • Taxes

3. QuickBooks Online (QBO):

  • Existing chart of accounts
  • Invoices
  • Bills

Note: Pocket pulls bank and credit card transactions directly from your connected accounts, not from QBO. This streamlines the setup process and eliminates the need for manual data entry into QuickBooks.

Benefits:

  • Automated data collection
  • Time-saving setup process
  • Comprehensive financial overview
  • Up-to-date financial insights

After connecting these platforms, it's recommended to pause any manual bookkeeping as Pocket may be able to handle these tasks automatically. For optimal setup, consider granting accountant access to hello@mypocketcfo.com in your QBO to allow for initial data benchmarking and customized book setup in Pocket.

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