We will create a QuickBooks customer, and a custom rule for incoming payments, and then we will observe how this affects the accounting.
Create Mining Customer
QuickBooks requires us to attach a customer to any received payment transactions. Follow this guide to create a QuickBooks customer and sync them into Blockpath. Give the customer any recognizable name you would like.
QuickBooks - Create Customer
After syncing with Blockpath, you'll see them in your contact book as shown below.
Blockpath- Contact Book - Mining Customer
Create Custom Payment Rule
Following this guide, we will create a Blockpath rule that is automatically applied when you receive a Bitcoin payment. We will have it create a Sales Receipt in QuickBooks, since an invoice is not necessary when being paid immediately. Additionally, we will use the above created customer to be the source of the funds. Drag the new rule to be above the default rule so that the higher priority will have it be applied to all incoming payments.
Blockpath- Create Custom Rule
Importing a Bitcoin mining transaction using the above rule and customer, the result in your chart of accounts will show each payment like this:
QuickBooks - Chart of Accounts Ledger
And the transaction in Blockpath will appear like this:
Blockpath - Bitcoin Transaction
There is nothing here.