Onboarding
This page provides all the details related to Equility's onboarding process.
General
In this section, we'll walk you through the initial onboarding steps to make sure that the process is as seamless as possible.
Onboarding Process
User Information: The first part of our onboarding process involves entering your full name, email address, password, and phone number, which is pretty straight-forward. You'll also need to agree to our Privacy Policy and Terms of Use.
Verify Email Address: An email will then be sent to your email address. You will need to log into your email account and click the 'Verify Email' button in order to move onto the next step.
Add Company: Once you click on the 'Verify Email' button, you will be redirected back to Equility, where you will be asked to click the 'Add Company' button to get started with your first connected company.
Accounting Onboarding: In this section, you will be asked to choose the QuickBooks Online company that you'd like to integrate with Equility. After you've added your company, you will be asked to define the following:
Legal Entity Type
This section is where you choose your legal entity type that you use for tax return purposes. This information helps us to accurate run the financial review based on the compliance settings associated with your legal entity type. The options are as follows:
Sole Proprietor / Pass-through LLC (Form 1040)
Partnership (Form 1065)
Small Business Corporation (Form 1120S)
Corporation (Form 1120)
Non-profit Organization (Form 990)
Uncategorized Transaction General Ledger Account
In this section we ask for you to choose any general ledger accounts within QuickBooks Online that you use as clearing accountings to house your uncategorized transactions. During the financial review process, we review all of these general ledger accounts to ensure that there are no transactions left in these accounts that did not get classified properly.
E-Commerce Onboarding: Once we launch our e-commerce integrations, you will see all of the initial setup details here.
Bank & Cards: This section relates to all of the banking-specific settings. These include:
Connect your banks and cards
In this section, you can enter your banking credentials in order to connect these accounts to Equility. Once your account is connected to Equility, we will be able to pull your transaction and balance details. This will allow us to automate the reconciliation process, as well as to assist with verifying your accounting accuracy as part of the financial review module.
Connections
This is where we show all of your connected accounts and ask you to map them to the general ledger account associated with them within QuickBooks Online. It also allows us to automatically confirm that the balance in QuickBooks Online matches that of your bank statement at the end of the financial review period.
Once all of this information has been entered, you'll be able to see your company listed under our 'All Companies' section and the onboarding process will have been completed.
Verify Email Address
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