How to Integrate Carta with QuickBooks?

Carta is an equity management solution that helps businesses in effectively manage various financial operations including valuations, equity plans, cap tables, and investments. It allows businesses to easily execute online agreements for issuing new equity interests and automate the generation and filing of 83(b) election forms. Businesses can store all equity and tax documents, including operating agreements, amendments, and form K-1s in secure data rooms and easily share them with their members. Furthermore, it includes expense reporting, which can be used to facilitate different scenarios, including stock splits and grant re-pricings, and allows businesses to retrieve detailed and precise expense reports as and when required. In this article, we will explain how to integrate Carta with QuickBooks.

What Are the Advantages of Integrating Carta with QuickBooks?

Here are the benefits of integrating Carta with QuickBooks.

  • Allows users to calculate, record, and share distributions on current profits, dividends, tax, or preferred returns.
  • Provides audit-ready 409A, liquidation threshold, or profits interest valuations that meet IRS compliance standards.
  • Enables users to easily issue new SAFEs and add existing investment documents.
  • Accrues expenses in real time as equity is issued, ensuring the generation of accurate reports.

How to Integrate Carta with QuickBooks?

Carta provides effortless integration with both QuickBooks Online and QuickBooks Desktop. Here are the steps to seamlessly integrate Carta with QuickBooks Desktop.

  • Log into your Carta account.
  • Navigate to Company > Settings.
  • Click on the “Financials and HR” tab.
  • Click on the “Connect” button to the right of the “QuickBooks.”
  • You will be redirected to the Intuit login page. Log into your QuickBooks account using your credentials.
  • Follow the steps displayed on the screen to link the accounts.

Apps4Rent Can Help with Carta and QuickBooks Integration

Integrating Carta with QuickBooks allows businesses to easily track equity-related transactions and automatically record them in QuickBooks, streamlining the accounting process and reducing the risk of errors.

As an Intuit Authorized Hosting Provider, Apps4Rent provides QuickBooks cloud hosting services in highly secure and reliable top-tier SAE-16 certified data centers located in New York and New Jersey. Additionally, with our deep expertise in third-party integrations, we can help you integrate QuickBooks with Carta with ease and efficiency. Contact our QuickBooks specialists available 24/7/365 via phone, chat, and email for assistance.

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