2 min read

How Jira and Quickbooks Work Together To Streamline Financial Processes

By Ashley Halleck on Jul 15, 2020 12:49:41 PM

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Before I joined Praecipio Consulting, my background was in financial services, so I had never heard of the Atlassian suite of software before. My work-life consisted of strictly Excel, email, and a Bloomberg terminal. Needless to say, I was a bit confused during my first week as to how Atlassian’s software (in particular, Jira) would work with my new role in accounting. The more I learned about Atlassian’s software, the more I asked myself, “How does process management software geared towards developers apply to a financial controller?”

It’s safe to say that my early assumptions about Jira couldn’t have been more incorrect. I can seamlessly link every transaction to ongoing projects, open accounting issues, and everything under the sun that exists in Quickbooks (our system of record). I can’t tell you how much easier it is to simply reference a Jira ticket in a Quickbooks transaction instead of having to go through the arduous process of saving everything to Quickbooks. As a result, I am now as dependent on Jira as I am on Quickbooks!

How it works

Here at Praecipio Consulting, we created an Accounting project in Jira Service Management, which is where we prioritize all invoicing and client correspondence. Once we create the ticket, it is assigned to the appropriate resource, and then all correspondence with the client or internal employees is attached to that issue, either through comments or cc'ing the ticket when sending an email. We use issue types like Accounting Submission, Generate Invoice, Billing Question, or Task. Each of these issues has unique fields and unique workflows that ensure it ties directly to an entry in Quickbooks and follows the necessary steps for entry.

In addition to using Jira Service Desk for invoicing and client correspondence, we integrated Salesforce and Jira to automatically create leads for licensing and projects alike. The workflows are specific to the opportunity type and auto-create the appropriate subtasks for accounting and sales. These issues are automatically assigned to the appropriate resource as you move each lead through its workflow. We reference each issue in Jira to the appropriate bill or invoice in Quickbooks, creating traceability for each opportunity. This integration ensures that we don't overlook any step in the process, from the closing of a sale to sending the final invoice.

Lastly, we use Tempo Budgets to perform billing closures on all of our projects. Budgets provides a perfect snapshot of the management of our planned vs. actual profit margin, revenue, and costs. This allows us to see which projects were over or under budget and ensures everything was billed accurately per each statement of work. 

To say the least, I do not know how I would do my job without Jira, Jira Service Management, the Tempo suite of products. These tools aren't just solutions for developers; team members within any business unit can use them to improve their processes.

As we start the second half of the year, there is no better time than now to evaluate how you can automate tasks and streamline your accounting processes. Connecting Quickbooks to Jira could just be the solution that you never knew you needed!

Topics: jira blog accounting automation finance process tips tempo quickbooks
4 min read

Atlassian Releases Jira 5

By Praecipio Consulting on Feb 22, 2012 11:00:00 AM

So you’ve probably heard already – Atlassian released Jira 5 today, loaded with tons of new stuff. Here’s Atlassian’s press release, which gives a cumulative primer:

“SAN FRANCISCO & SYDNEY, February 22, 2012—Atlassian, the leading provider of collaboration software for product teams, today launched Jira 5, the latest release of its flagship product. Available through both an OnDemand and on-site offering, Jira 5 offers a social product development platform that connects people, applications and activity to accelerate the software development process. New social features such as mentions, sharing and live activity streams immediately bring users into real-time discussions.

Jira 5′s platform – including an expanded plugin API and improved REST APIs –allows third-party software vendors to easily integrate with Jira and create products that are seamlessly compatible with future Jira releases, saving companies time and money. More than 30 integration partners, including Box, Gliffy, New Relic, Zephyr, Zendesk, Salesforce.com, Tempo and GetSatisfaction are launching Jira 5 compatible third-party products. More than 100 commercial and free plugins are also available with today’s launch.

“Jira 5 continues to push the software development process forward, this time through new social capabilities that improve real-time communication and better connect developers, technical teams, business users and customers – basically everyone building software products together,” said Jay Simons, president of Atlassian. “Jira 5′s enhanced integration platform also helps connect information from other enterprise products – a sales ticket from Salesforce.com, or a customer service request from Zendesk – directly to the Jira issue tracking and workflow engine, putting more information directly into the hands of product teams.”

Jira is used by more than 70 percent of Fortune 100 companies. Jira sits at the center of the software development process, connecting teams with development tasks such as bug tracking, feature development, agile planning, and activity monitoring.

Sharing Features Connect Developers, Teams and Data in Real Time

“Before Jira, our developers lost so much time reproducing the wheel through a tedious process of figuring out what had been done and who’d already been involved,” said Alex Kirmse, head of mobile development for Zappos.

Jira 5’s new sharing and mention features makes it easy to pull team members or co-workers into the conversation. Live activity streams update team members on all related activities and information, much like Facebook and Twitter activity streams.

“The effectiveness of our team’s communications has increased with direct commenting to individuals and live activity streams,” said Max Pool, Founder of Sycorr, a mobile banking company. “The integration platform for Jira 5 is the best yet. REST APIs improve our ability to integrate across platforms, while improvements to Jira’s powerful search engine (JQL) – such as historic change support – allow us to get even more creative in how we use the system and get the data we want from it.”

Building Businesses on the Jira 5 Platform

Jira 5’s new stable plugin API and improved REST APIs make it easy for integration partners and other plugin developers to build integrated software products. More than a quarter of Jira’s 400 plugins and more than 15 remote SaaS integrations are launching with Jira 5 compatibility. Plugins built using the Jira 5 stable plugin API will be compatible with future upgrades to Jira.

“We feel confident in betting our business on Jira’s success,” explains Samir Shah, CEO of Zephyr. “Jira 5′s new API connects development to QA, and gives our test case management tools more adoption because users know they can upgrade to future releases without having to wait on add-on upgrades.”

“Jira 5 is another quantum leap by Atlassian in their mission to creatively enable large scale collaboration at the nexus of engineering and support,” said Adrian McDermott, vice president of engineering and product management at Zendesk. “This integration redefines how support and engineering teams can work together to enrich customer satisfaction.”

Availability

Starting today, Atlassian is offering a free 30-day trial of Jira 5. Jira can be purchased for on-site download for just $10 for 10 users, or OnDemand starting at $10/month for 10 users.

New Jira Enterprise Offering

To ensure the success of large deployments, Atlassian is introducing a new Jira Enterprise offering with additional support, training and engagement. Customers with 500 or more Jira users can now receive 24X7 phone support, end-user training, and administrator certification, among other enhanced services. For more information, go to http://www.atlassian.com/enterprise.

Additional Resources

About Atlassian

Atlassian products help innovators everywhere plan, build and launch great software. More than 18,000 large and small organizations – including Citigroup, eBay, Netflix and Nike – use Atlassian’s issue tracking, collaboration and software-development products to work smarter and deliver quality results on time. Learn more at http://atlassian.com.”

Topics: jira atlassian news blog connect enterprise facebook salesforce software stream twitter zendesk zephyr saas tempo collaboration developers download gliffy integration jql marketplace-apps

Praecipio Consulting is an Atlassian Platinum Partner

This means that we have the most experience working with Atlassian tools and have insight into new products, features, and beta testing. Through our profound knowledge of Atlassian environments and their intricacies, we can guide your organization as you navigate these important changes.

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