This would allow for advisors to be more efficient because there would not be a double entry of client data. Currently, as it stands, to send an invoice to a client out of quickbooks, one has to put in client info such as name and address. This has already been imputed into redtail so the double work entry would be eliminated.
Redtail’s Product Owner has read the suggestion and there is some internal discussion needed in order to determine next steps.
This suggestion is remaining open and can continue to gather votes and comments!
This would be great for our firm to help us with getting the information the same across all our programs.
Interesting...for our AUM clients, we bill usually from Veo with TD as our custodian. But for our "flat fee" clients for strict financial planning or other fee-only (non-AUM) clients, we do end up manually entering in those clients as customers into Quickbooks, assigning billing rules, and send out invoices from Quickbooks. It would be helpful to import customer contact details and billing rules from Redtail into Quickbooks.
Bill Simonet commented
I agree. This would be tremendous for retainer planning as well. I use freshbooks.com and I know they have an open API that can be used.
We have many clients for whom we do hourly financial planning work. It would be excellent to have a billing / invoice feature integrated either directly or through a third party vendor.
Rob Siddoway commented
Is there a way to share client information back and forth between Redtail/QuickBooks? I work closely with a CPA and it would be very nice, given a clients permission, to push client data back and forth between each other...
I just happened across this thread which I realize is very old and may be long since closed. If this is still an area of interest I could likely help here. ~ Jennifer Katrulya
James Folkerts commented
Users in our office have suggested this as well. I don't have any example datapoints that would need to be exported or integrated, but if anyone could comment with some, that might help this enhancement get a little traction.
Paul Cantrell commented
I think that the accounting software of choice for most small businesses is Quickbooks. That being said I think it would be important enough for there to be some type of integration with Quickbooks. I am told that internally Redtail already has some type of integration for themselves. I am not sure if this is a factual statement. I am currently using the 30 day free trial and trying to sell it to my partners. If this integration would be made available it would be a no brainer for my partners and our business to become full time customers of Redtail. I look forward to the possibility of some sort of integration. Thank you