Sync Transactions

The most straightforward method to classify and synchronize transactions is by individually processing them from the Ledger screen. Using this method, you must sync each transaction separately. You can automate the classification of transactions by creating custom rules.

See: Define Custom Rules.

Daily Syncing Limits per ERP

• Quickbooks: Does not have a limit

• Xero: Limit of 5k transactions per day

• Netsuite: Does not have a limit

To sync a transaction:

1. In the sidebar of the Tres web console, click Ledger. A history of transactions is shown:

   

2. Click in a transaction that you wish to sync. Details of the subtransaction are shown:

   

3. Verify the accuracy of the fiat value and cost basis calculations.

   Note: If the fiat value of a subtransaction is not present, then the subtransaction will not be able to be synced to the ERP system.

4. Configure the chart of accounts for each subtransaction, specifying the asset, flow (profit, and loss), and gain/loss accounts, if they are different from the default values you set in Configure Default Chart of Account.

5. When you are satisfied with the settings, sync the transaction: click the ready to sync icon, then in the dialog that opens, click Sync.

   

   

A Green checkmark indicates that the JE has synced successfully.

In addition to the basic syncing functionality, you can perform the following operations:

• Access the journal entry link in your ERP by clicking the green checkmark with the ERP Icon in a synced transaction.

• Review the journal entry within TRES as well as the entry that was synced to the ERP.

• Unsync a previously synced transaction by clicking the same green checkmark.

  

  

• Modify the chart of accounts or fiat value and resync the transaction. Click on one of the GL accounts inside of the transaction and a window will pop which will allow you to select a different account from your chart of accounts.

• Disregard a transaction by clicking Ignore transaction. Click on the sync method in the transaction. The default is a Journal Entry and then click "Ignore Transaction"

  

Making Changes After A Transactions is Synced

• If you want to make any changes to a transaction after it has been synced. You must unsync the transaction first. These changes include

  • Editing fiat value

  • Updating the chart of account mapping.

  • Adding notes

  • Editing or adding a Transaction tag

Unable to sync

If a transaction has this written next to it in the ERP section

Click where it says "Unable to Sync" an explanation will pop as to why the transaction was not able to be synced. Below you can see that there is a cost basis error but there can be a few other reasons why a JE can not be synced.