Here is a quick overview of how QBO exports work in Float.
Note: You must be an Admin in QuickBooks Online to export transactions to QBO.
How Float Exports Transactions to QBO
When you export transactions from Float to Quickbooks Online (QBO), here's what happens:
Expense Record Creation: Each exported transaction creates an expense record in QBO.
Transaction Details: The expense record includes categories, tax, receipts, and labels the invoice as paid.
Accounting Entries: The transaction amount is debited to the appropriate GL account and credited from the Float Clearing Account in QBO.
Note: Ensure you've set up the Float Clearing Account in QBO as per the integration prerequisites.
An example of an expense record in QBO from a transaction exported via Float.