NEWS AND HELPFUL INFORMATION ABOUT ACCOUNTING AUTOMATION
Did you know there are at least four ways to sync Amazon Seller financial data to QuickBooks? Run a manual report from Amazon Seller Central and book journal entries manually Use an app that syncs all transaction-level data into QuickBooks Use an app that summarizes data based on payout dates
Shopify payments in QuickBooks – it should be an easy thing, right? But if you have a Shopify store synced with a QuickBooks account … you know how tricky ecommerce bookkeeping can be, even for simple things. So here are three common integration mistakes we see when Shopify and QuickBooks
Now that you receive payments from many providers, like Shopify, Square, Grubhub, Paypal, and Stripe, to name just a few, there’s a lot of confusion among business owners (and some bookkeepers) regarding what a payment clearing account is, and how to use one correctly. Proper bookkeeping is an essential part
As a business owner, you may choose to do your own bookkeeping or hire a professional bookkeeper. Either way, knowing the basics of bookkeeping will help you better understand the economics of your business and make sure your business is on the right track. Let’s go through some of these
Square recently released a new business debit card that connects to your Square balance. I thought I’d try it in my wine store, and discovered some things you ought to know about it. When they say no fee, they mean NO fee. The Square Card itself is free to order
When it comes to the health of your business, your bank account is only one piece of the puzzle. Though a glance at your balance during a quick trip to the ATM can be a sufficient pulse check for your personal finances, businesses are more complex than one balance can
One of the most frequent questions we get regarding Square QuickBooks integration is: “Does QuickBooks integrate with Square?” The short answer is yes. But the real question is: How does the integration work? What’s important is finding the most efficient way to sync Square to QuickBooks to account for each component of your business correctly. If
There are two methods to consider when accounting for credit card processing fees or merchant fees: either as a cost of sales (or COGS) or as an operating expense. Here are the pros and cons of each. Treating the fees as a cost of sales (also known as the cost of goods
In any business, the ability to generate a profit from the business is essential to being successful, whether it’s a neighborhood retail store, a cafe or an online ecommerce business. For purposes of this article we will focus on ecommerce businesses, although many of the elements here also apply to retail stores. Let’s
This article covers why reconciling Shopify sales in QuickBooks is an essential part of accounting for your ecommerce business. But first, let’s step back and ask, “why do I even need to post my Shopify financials to QuickBooks?” Good Question! The short answer: Because the payments for those sales will eventually deposit to the