How to connect your Wise account with QuickBooks
There are two ways to connect your Wise account with Quickbooks — both of them provide different features.
1. To sync your bank feed, you need to initiate a connection from Quickbooks.
2. For bill reconciliation, you need to initiate the connection from Wise.
If you want to use both features simultaneously, you'll have to establish a separate connections for each.
Here's more details on what each connection does, and how to set them up:
Connecting from Quickbooks
Bank feeds syncing:
QuickBooks syncs and pulls transactions from your Wise currency balances into QuickBooks Banking Transactions. You can view all connected Wise balances directly in QuickBooks for easy tracking of transactions.
Follow these steps to connect:
Log into your QuickBooks account
Go to Transactions and select Bank transactions
Select Link Account
Search for Wise. You'll see multiple options for different regions.
Choose the one based on your registered business address. Choosing the wrong option may cause an error. If that happens, reconnect and select the correct region based on your business address:
If your Wise account is registered in the EU, select Wise (European Union)
If your Wise account is registered in the UK, select Wise (UK)
For all other regions, select Wise (UK).
You'll be redirected to log in to your Wise account
Choose the business account you want to connect to QuickBooks
Select the balances you want to sync
Choose the date you want QuickBooks to pull transactions from
Select Connect
Connecting from Wise
Automatic reconciliation of your bills:
When you pay a bill through Wise, it will automatically be marked as paid in QuickBooks, and any fees will be recorded as Bank Charges. You can view all unpaid bills in real time from the Bills page in Wise and pay them directly. This helps to keep the records accurate, and reduces manual reconciliation.
Follow these steps to connect:
Log in to your Wise account
Click on your business name in the top corner
Go to Integrations and tools under settings
Select Apps and Software
Select View app marketplace
Choose Quickbooks and follow the steps to connect
Once you pay a bill on Wise, we'll mark that bill in QuickBooks as paid, and it won't appear as an outstanding bill to pay any more. Fees will be added as an expense in your Bank Charges category.
To automatically mark bills as paid in QuickBooks, your QuickBooks plan must have the multi-currency feature turned on.
The authorisation to share your data with QuickBooks will expire after 90 days. You’ll need to authorise sharing your data again at this point.
You won't be able to connect your Wise account if your subscription level with QuickBooks doesn't allow this connection.
To connect more than one balance, you’ll need to enable multi-currency in QuickBooks. How to turn on multicurrency in QuickBooks.