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Managing your Wise account with QuickBooks

How to connect your Wise account with QuickBooks

There are two ways to connect your Wise account with Quickbooks and both of them provide different features.

To sync your bank feed, you need to initiate a connection from Quickbooks. For bill reconciliation, initiate the connection from Wise.

Using both features simultaneously requires establishing separate connections for each.

Check out the guide for details on what each connection does and how to set them up.

Connecting from Quickbooks

Bank feeds syncing: QuickBooks manages syncing 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:

  1. Log into your QuickBooks account

  2. Go to Transactions and select Bank transactions

  3. Select Link Account

  4. Search for Wise. You'll see multiple options for different regions. Choose based on your registered business address. Choosing the wrong option may cause an error. If this happens, you’ll need to reconnect and select the correct region based on your business address:

    • If your Wise business account is registered in the EU, selection Wise (European Union)

    • If your Wise account is registered in the UK, select Wise (UK)

    • For all other regions, select Wise (UK)

  5. You'll be redirected to log in to your Wise account

  6. Choose the business account you want to connect to QuickBooksSelect the balances you want to sync

  7. Choose the date you want QuickBooks to pull transactions from

  8. 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 keep records accurate and reduces manual reconciliation.

Follow these steps to connect:

  1. Log in to your Wise account

  2. Click on your business name in the top corner

  3. Go to Integrations and tools under settings

  4. Select Apps and Software

  5. Select View app marketplace

  6. 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 will no longer appear as an outstanding bill to pay. Any 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.

How to disconnect from Quickbooks

The process to disconnect may vary depending on the features you use and connection you have with quickbooks. 

In case if you want to disconnect bank feed sync follow these steps to disconnect: 

  1. Click on your business name in the top corner

  2. Under Settings, go to Integrations and tools

  3. Click Apps and software

  4. Click Disconnect next to Quickbooks under data sharing

In case if you want to disconnect the reconciliation of your bills: 

  1. Click on your business name in the top corner

  2. Under Settings, go to Integrations and tools

  3. Click Apps and software

  4. Click Manage next to Quickbooks (Under Apps) 

  5. Click Disconnect

Important: If you use both features and wish to disconnect from both, you must follow the instructions for one as well as the other.

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