Here are the major benefits of Amazon QuickBooks Integration:
1) Workload Reduction
Even if you’re a “QuickBooks pro”, you may spend hours each week manually transferring transaction records into your bookkeeping software. The new QuickBooks update streamlines the process by syncing with your Amazon account and automatically importing Sales records several times per day. Amazon QuickBooks Integration saves you hours of work that you can put toward growing your customer base.
2) Reduced Accounting Errors
When manually entering Sales data, it’s easy to transpose numbers, which can throw off the accuracy of your books. As the basic information is taken directly from your Amazon account, Amazon QuickBooks Integration eliminates the risk of typos. This not only makes it easier to keep track of your financial records, but it also provides an unrivaled level of precision
3) Product Data Compilation
When QuickBooks imports your data, it categorizes the items sold and automatically calculates your net revenue. This action identifies your most profitable items and totals your expenses, providing you with a clear picture of the financial health of your company. The Amazon QuickBooks Integration provides you with information to help you plan and increase your Amazon Sales.
4) Handle Foreign Currencies
The beauty of Amazon is that people can sell their products globally, allowing them to reach a massive market, QuickBooks makes it simple to accept international payments, record transactions in multiple currencies, and adjust your reports to account for currency fluctuations.
5) Cooperation with Business Partners
Not all Amazon sellers work alone, and it is critical to keep the entire team on the same page. You can grant access to certain features to your accountant and employees so that you can all collaborate more effectively. QuickBooks also allows you to restrict access so that only those with the appropriate credentials can view your books, and you can share reports without sharing login information.