…and it doesn’t include hiring more staff. In fact, it saves most sellers money each month.
Whether you’re selling on Shopify or Amazon, or both, there’s a point you reach where you’re so mired in managing the day to day operations that there’s no time to expand or grow. You’re essentially stuck in neutral and quite possibly headed for reverse, in terms of growing your ecommerce business.
Think about it. How much time do you or your accountant spend manually entering sales, expenses, fees, etc., into your accounting program? Four, five six hours a week? What about staying on top of Amazon fees—with such thin margins, they can make or break your sales efforts if they’re not properly managed.
And now you have the added burden of keeping track of the new sales tax laws. Fifty states, 12,000 jurisdictions—each having its own sales tax nexus laws. How will you stay in compliance? The worst part of the new sales tax laws is that achieving compliance is a tedious, time-consuming task. In fact, if you’re trying to manage it yourself, be prepared to add many hours to your accountant’s fee each month or try to manage it yourself, but where will you find the time? Staying in compliance is an added expense for your ecommerce business with no connection to increasing sales or revenue.
What’s the answer? How will you break out of neutral and set your ecommerce sales on fire? One simple answer: find more time.
No joke. You can find a lot more time AND save money. Even though you’re up to your elbows in back office minutia, there is a way. It’s simple to implement (it’s done for you) and will enrich your business in a multitude of ways.
It’s ecommerce accounting automation for Shopify and Amazon sellers. By connecting with your sales channels and chosen accounting solution, the right software provides more power and precision by working in tandem, instead of in isolation as in a stand-alone program. Think of it as your accounting program on steroids. No data entry—manage Shopify and Amazon orders, automatically post them into QuickBooks, and accurately track and sync inventory to and from all sales channels. Boom! You just solved two problems: eliminated manual order entry and automated inventory from every sales channel so that you never oversell again. How much time and money would you spend to guarantee accurate multichannel inventory sync for your ecommerce operation otherwise?
With Webgility, an accounting automation software, you also get business analytics from all your sales channels, enabling you can make strategic decisions about where and what to sell. This may not seem like a time-saver now, but when you consider it in the long run, it will save time and money simply from not having to test which products sell best where. You’ll know what’s selling and what’s not at the glance of a computer screen. This type of efficiency allows you to make strategic decisions that will identify the areas of your business that are the most—and the least—profitable.
Streamlined Accounting for Amazon
With Webgility’s streamlined accounting for Amazon, it’s fast and easy to post Amazon Marketplace orders, refunds, expenses, fees and payments into QuickBooks. It allows you to see a complete list of orders from the current settlement period, whether you’ve received payment from Amazon, and what Amazon has charged you in fees and expenses so that you can swiftly reconcile your books with the Amazon Settlement Report—without suffering through data entry. The settlement reports can be confusing, but automation does all the hard work for you, saving time and all the frustration that once plagued accurate reconciliation of your monthly settlements.
Manage Shopify Inventory
What would it be like for you to manage, sync, track and expand multi-channel product listings on Shopify to prevent overselling, backorders and bad reviews? Or sync product price and quantity between your Shopify store (plus all sales channels) and your accounting program? How about mapping products and automatically create missing products in QuickBooks?
Plus, Webgility will:
- Manage and sync inventory across sales channels, including marketplaces like Amazon, eBay, and Etsy
- Automate and schedule accounting posts by connecting Shopify sales data and expenses directly into QuickBooks Online, QuickBooks Pro/Premier, QuickBooks Enterprise
- Sync and post Shopify orders as sales receipts or invoices in accounting
- Record payment fees with PayPal and Stripe
- Assign sales transactions to the appropriate accounts, based on payment method, discounts, promotions and more
- Automate accounting, record marketplace fees and expenses, and reconcile accounts for marketplaces like Amazon, eBay, and Etsy
Shipping Carrier Cost Comparison
Shipping costs can be off-putting to customers and can make them decide not to go through with an order. Accounting automation aids you in addressing that problem by connecting with shipping and delivery service providers such as UPS, Endicia and FedEx.
With this feature, you can compare the prices of carriers and choose one that is gainful for your customer and you, so you can further prevent abandoned shopping carts while ensuring that packages arrive at buyers’ doorsteps safely.
Sales Tax Compliance with Automation
You don’t ever have to worry about compliance. Automatically track and validate sales tax—right down to the state and jurisdiction level—for each online order.
You will automatically post orders to your accounting program with the sales tax included, providing full confidence in your tax compliance and financial reporting across all sales channels.
You may have guessed by now that we’re talking about Webgility, the number one automation software for retailers and brands using QuickBooks.
Webgility makes it easier to sell on Shopify and Amazon
Webgility automates, syncs and tracks ecommerce data so you don’t have to. When you integrate Shopify-Amazon with your accounting program using Webgility’s automation, you’ll find the extra time you’ve needed to grow your ecommerce business. Most sellers realize enough savings from eliminating the need for manual data entry that it pays for Webgility accounting automation.
Less Busywork. Accurate Books. Faster Growth.
Start selling with Shopify Amazon integration solutions. Take a free demo today and get your growth on!