Click "Configuration" to navigate to the panel. 

In order to configure your financial reporting preferences for selected reports, please pick either "Accrual" or "Cash" basis in the toggle button. Please keep in mind that this selection affects your Accounting Method in QBO.

In order to Close your Books, type the date or select it from the small calendar icon. This function is to lock past Accounting periods. 

Click this date field to select a day from the calendar icon. 

The closing period only applies to Brokerage Engine Accounting operations. If the closing period is selected in QBO, then operations will close in QBO, BE Accounting, and TSS. It is suggested that the books are closed in both QBO and BE Accounting using the same date. 

It is highly recommended to close the books with the date of your last bank reconciliation to assure they cannot be impacted by new entries.

The Franchise Fee Payee needs to be configured to use the Upload ePay Receipt function. The configuration will hide unpaid bills under the Payee, sitting on the "Pay Bills" section of BE Accounting.

From the Franchise Fee Payee dropdown menu, select the Vendor. 

Create Invoice Notes for Invoice Payments

Click the "Remit Payment Notes" field to add any payment notes to Accounting Invoices.

In order to select 1099 accounts for reporting purposes solely in BE Accounting, type the name of the accounts or select from the dropdown menu that appears when clicking on "Box 1 : Non-employee compensation (most common)".

Type the name of additional accounts or select from the dropdown menu that appears when clicking on "Box 2 : Rents". 



This selection is for reporting purposes only. Any selection will not feed to QuickBooks Online. 

Click the "Track Payments for 1099 for All Agents" button to automatically select the "Track payments for 1099" checkbox in the Agent Vendor profiles.

The checkbox selection will feed to QuickBooks Online. 

Please keep in mind that the checkbox will be selected even if the Tax Identification Number is missing from the profile.

This mass update only works for Agent profiles. Outside Vendors need to be manually updated. 

For assistance setting up Default Accounts, please refer to the Knowledge Base article "How to Configure Brokerage Settings Accounts"

In order to enable a missing class warning, please select either "Yes" or "No" in the toggle button. Please keep in mind that this selection does not feed to QBO.

Flip the switch to the "on" position to enable options on the Banking Tab for managing offline bank transactions for matching purposes.

How to Set Up the Configuration Panel

Reporting Basis Preference

Closing Books

Setting up the Franchise Fee Payee

Create Invoice Notes for Invoice Payments

Select 1099 Accounts for Reporting

Track Payments for 1099 for All Agents

Enable Missing Class Warnings

Enable Offline Banking Transactions