Temu Records 12.5% Surge in European Users, With France and Spain Leading Growth
Temu, the fast-rising discount eCommerce marketplace owned by PDD Holdings, continues its rapid expansion in
Portland Oregon (USA)- On 26th June 2019 CedCommerce launches a new product, Magento 2 QuickBooks Online Integration Software.
Spawning and running a Magento store is a nutjob. Adding up the accounts, matching the balance sheet at the end of the year, and inventory management is the nightmare for every Magento store owner.
But this nightmare obviously has an end. The solution is a versatile accounting software. Magento 2 Quickbooks Online Integration is one such software that ticks every box on the checklist you have regarding the qualities you look for in accounting software.
Preceding the discussion about what Quickbooks can do, let’s take a look at what Quickbooks is.
What is Quickbooks Software?
Developed by INTUIT, initially, this accounting software was known as Quicken. But it wasn’t a double-entry accounting software. The initial Quickbooks software was on quicken codebase for DOS (Disk Operating System) version. For Windows and Mac, the codebase was different.
By 2000 the initial gaps were bridged with basic and pro version. By 2003 they were providing “industry-specific” versions.
(source Wikipedia)
Functionalities of Quickbooks
Source: INTUIT
Your Quickbooks can take care of several things all at once making things easier for you and all the vendors who have listed their stores on your platform.
E.g
Generating Invoices
Auto-generation of invoices of every transaction taking place whether it’s shipping bill, order invoice or something else. You can track any monitory transaction and get invoices of each of them.
Managing Inventory
Overall stock, addition or subtraction from it can all be tracked. Inventory for each seller can be separately managed without creating any confusion or chaos.
Track Cashflow
You can track any amount debited or credited at any point of time. The cashflow through every minute transaction will be recorded.
Track Sales, Supplies, Bills and Payments
Tracking your sales data so that you can collect and compare them to see how better your site is performing.
Quickbooks also keeps a track of your supplies, bills and payments. You can check for any dues if left unpaid and all the bills generated, what are they for and when were the bills generated.
Keeping a track of when the supply needs to be restocked becomes easy with QuickBooks.
Importing Data From The Spreadsheet And Syncing Them
Any data related to your inventory, accounts etc. on your excel spread that needs to be imported and synced is an easy job for Quickbooks.
No Room For Blunders
Since QuickBooks is totally automated there is no room for blunders it picks and synchronizes data on its own along with generating records and invoices of every major-minor transaction.
How Is QuickBooks Different From Other Accounting Software?
By now QuickBooks is being used in almost 80% of online business and there is a reason why it’s this way.
Magento store owners find Quickbooks much easier to use than other accounting software.
It eliminates the need for keeping binary data section which saves a lot of time and money.
In some accounting software like Tally, the inventory purchase is treated as expenses whereas it should be treated as an addition in inventory. With QuickBooks, you can manage these sort of shortcomings.
Quickbooks Integration Process For Magento 2
Why Quickbooks For Magento?
QuickBooks Integration for Magento 2 by Cedcommerce is an all new and potent tool that will help you to harmonize fundamentally all accounting information
E.g
Customer’s Information
Products (items in QuickBooks Online)
Invoices
Taxes
Product quantity from your Magento 2 store to your QuickBooks online.
Just set it and forget it. There will be no hassles of manual synchronization. Your inventory and products will be synchronized automatically in QuickBooks from your Magento store even the previous one along with the real-time automation.
All you have to do is to install the QuickBooks integration
If your curiosity is still not fed, why not check it out for yourself
| QuickBooks for Magento | Find It Here |
About CedCommerce:
For a remarkable amount of time, CedCommerce has been offering the necessary technical solutions specifically made for building one such platform. These extensions come with a multitude of features to aid in the development of a rich multi-vendor e-commerce marketplace.
Visit CedCommerce for more details and a wide range of solutions on every kind of eCommerce platform.
