Can I track violation fines and late fees in QuickBooks Online, and how do I sync them?

Tracking fines and fees

In QuickBooks, set up income accounts specifically for violation fines and late fees. When HOALife generates a fine or fee, export the data to QuickBooks and assign it to the appropriate account. This separation allows you to report on fines independently of regular dues.

Syncing process

• Create accounts: Add income accounts named “Violation Fines” and “Late Fees.”
• Export data: Use HOALife’s export function to download fines and fees.
• Import into QuickBooks: Upload the transactions and map them to the respective accounts.

Benefits

This method provides clear financial reporting and helps boards understand the proportion of income derived from enforcement actions.