If you are handling an e-commerce business, you probably already know how the accounting process works. Each time a customer shops from your digital store, a designated person makes an entry about the order and records the transactions in a book. It is a straightforward process, but what if your business receives more than a hundred orders per day? Don’t you think manual bookkeeping can collect erroneous data? And in a worst-case scenario, what if you have to find an entry from the thousands of records? This is where QuickBooks comes into the picture to rescue your accountant from snags and to maintain the good health of your business. You can connect your Magento store to QuickBooks to streamline the accounting process.
Magento At a Glance
Magento is a free e-commerce platform that provides merchants the ability to set up an online store effortlessly. It is based on open source technology to give businesses maximum control over the appearance and functionality of their digital stores. Magento offers powerful digital marketing and catalog-management tools for businesses and individuals willing to build a long-term e-commerce website.
What is QuickBooks?
QuickBooks is a business accounting solution that helps businesses track the financial transactions associated with their income and expenses. It can store and process data to enable accounting professionals to issue invoices, pay bills, generate reports, and prepare tax sheets. The QuickBooks product line includes robust business solutions like QuickBooks Desktop and QuickBooks Enterprise to help accounting professionals, mainly in small and mid-sized businesses, address their accounting needs.
How QuickBooks and Magento Integration Works?
The QuickBooks-Magento integration provides better ways to manage your growing business and its increasingly complex accounting needs. QuickBooks and Magneto integration involves automation. In other words, data is uploaded from Magento into QuickBooks in real-time without a need for human intervention. The automated data transfer also eliminates the possibilities of data loss and human errors. By using QuickBooks with Magento, you can synchronize information to QuickBooks Desktop, QuickBooks Enterprise, and other editions of QuickBooks effortlessly. You can also share unlimited data related to online transactions without any hassle. There are several software extensions available on the internet to help you connect your Magento store to QuickBooks.
How Beneficial is QuickBooks-Magento Integration?
On average, online Magneto stores process hundreds of orders every month. Each of these orders gathers a significant amount of data. This data is then stored in a database for further use for business accounting. Without an accounting software like QuickBooks in place, the whole process is time-consuming and tedious. By connecting your Magento store to QuickBooks, you can share data linked to products, customer orders, and billing invoices. It helps you in reducing the time required in the accounts. QuickBooks-Magento integration enables you to track and manage your accounts for informed decision making.
The followings are the prime benefits of QuickBooks-Magento Integration:
Stay Organized: Your business transactions are prone to complexity and data loss. By connecting your Magento store to QuickBooks, you can better manage accounts.
Enhance Visibility: Keeping a check on all expenses and receipts is a quick and easy process, thanks to the easy-to-use and intuitive interface of QuickBooks.
Know Where Your Online Store Stands: QuickBooks dashboards allow you to instantly check the performance of your business.
Automate Data Synchronization: QuickBooks-Magento integration ensures that the Magento store transmits data to QuickBooks automatically in real-time.
Apps4Rent Can Help You Host QuickBooks for Your Magento Store
Ecommerce management gets easy with Magento, and accounting gets easy with QuickBooks. Connect your online store with QuickBooks for keeping your accounts books safe and easily accessible. Whether you are using QuickBooks Desktop or QuickBooks Enterprise, QuickBooks cloud hosting can make your accounting solution scalable. Also, cloud hosting gives you the advantage of using your applications on any device, from any location. As an Intuit Authorized Hosting Provider, Apps4Rent helps you host QuickBooks in the cloud with our SSAE16 compliant cloud platform. We can also host your Magento store in our top-tier data centers. Contact Apps4Rent customer support, available via phone, chat, and email for hosting plans inquiries.