Opening an online store is a dream project for all the entrepreneurs who want to utilize the internet for growing their business. With an e-commerce store, you can make your products available to a vast national and international audience. However, setting up your business online also creates a need for robust tools that can address the increasing needs of your business. On average, e-commerce stores receive hundreds of orders every month. A higher number of transactions means a significant volume of data pouring into your database through sales channels. This customer data can help you accurately identify the profit and loss your business is making, provided you have the right software to manage and organize the records. This is where QuickBooks comes into the picture.
What is QuickBooks?
QuickBooks is a business accounting solution built to help individuals and businesses keep records of income and expenses. By providing easier and simpler ways to store and access data linked with every single transaction, QuickBooks help you track the financial health of your business. You can deploy the QuickBooks application to generate customer invoices, pay bills, create reports, and prepare tax sheets. The QuickBooks product line includes QuickBooks Desktop, QuickBooks Enterprise, and other robust solutions to help accounting professionals, mainly in small and mid-sized businesses, meet their accounting goals.
Can you Integrate your E-commerce Store with QuickBooks?
The short answer to this question is yes. Using separate systems to manage your e-commerce store and financial accounting may temporarily serve your needs. However, it can lead to complexity and inaccuracy in the long run as your employees will manually enter data into the bookkeeping system. QuickBooks understands that an integrated system can make your life easier, hence allows you to integrate your e-commerce platform. There are several software plugins available on the internet to help you connect your e-commerce store with QuickBooks. QuickBooks supports many of the major e-commerce platforms such as Shopify, Magento, BigCommerce, and more.
What Are the Benefits of QuickBooks-E-commerce Integration?
When you integrate your e-commerce store with QuickBooks, the entire customer data automatically syncs with your QuickBooks application. Your online store seamlessly shares customers, inventory, orders, and shipping related data with QuickBooks in real-time and without a need for human intervention. This process produces remarkable benefits for e-commerce business. Let’s have a look.
As manual data entry is subject to human errors, automated data synchronization eliminates the chances of human errors and ensures accuracy.
Manual bookkeeping is not only a tedious but also a time-consuming process. The productive time of accounting professionals in your organization can be saved by integrating your e-commerce store with QuickBooks.
Integrated QuickBooks can help you track the status of your business within a few clicks. QuickBooks dashboards utilize the data provided by your e-commerce store to draw a comprehensive picture of your business’ health.
An increasingly high number of transactions can make your e-commerce accounts challenging to manage, but QuickBooks integration can offer a highly intuitive and easy to understand interface. You can use this feature to streamline invoicing, billing, and payroll services. Furthermore, you can reach to a specific customer order among thousands of orders in seconds.
Credit Card Payments
With an add-on service, you can easily connect your Shopify, BigCommerce, and other web stores to QuickBooks and accept payments via credit cards right from your website. QuickBooks updates your books automatically as you get paid. Customers can make payments remotely, at any time, from anywhere.
Automated data transfer, elimination of human errors, and increased productive time of your staff result in higher efficiency and a suitable environment for an e-commerce store to thrive.
Apps4Rent Can Host Accounting Solutions for Your E-commerce Stores
Integrating your digital business with QuickBooks saves you time and money while increasing accuracy in accounting and bookkeeping. QuickBooks is a versatile solution that integrates with a wide range of e-commerce platforms. Hosting QuickBooks in the cloud offers enhanced scalability and flexibility to use it from any location, using any device. As an Intuit Authorized Hosting Provider, Apps4Rent hosts QuickBooks in the highly trusted SSAE16 compliant datacenters. We can also host your online store in our secure datacenters. Contact our support team available 24/7 via phone, chat, and email for hosting plan inquiries.