You can track your purchases in QuickBooks Online by connecting them to your Amazon business account. With this integration, you can save time and keep your books updated. It is a great way to categorize your purchases and link them to your credit card or bank record. Below are the steps mentioned for connecting your Amazon business account to QuickBooks.
Step 1: Set Up the Connection
Before connecting Amazon QuickBooks, make sure that you are the primary administrator of both accounts. Then, connect the accounts by following the given steps:
Login to your QuickBooks account as an admin.
After signing in, navigate to the Amazon Business Purchases app page.
Now select the ‘Get app now’ option.
Sign in to your Amazon Business account as the primary administrator when prompted.
Then you must select the import start date. This will sync the Amazon business purchases that you have made on or after that date.
Click on ‘Finish’.
The app checks your Amazon business account four times a day, soon after the first import. This brings all the latest transactions into QuickBooks.
Step 2: Review your Amazon Business Purchases
After importing your purchases into QuickBooks, you need to review them and add them to your books. Here’s how you can do it:
Go to the ‘Banking’ section.
From the App transactions, select the ‘For Review’ tab. All the information regarding your purchase will appear in the list such as purchase price, quantity, product description, and fee breakdowns.
Now select an action, according to the status of your purchase.
Add or Match: Here you can add your purchase to your books. Match the specific transaction present in your books with the purchases you have made with the credit card or bank account connected to QuickBooks.
Review: You can add a new account to your chart of accounts or confirm the account which is already present in QuickBooks.