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Unify Your Financials with QuickBooks

Now more than ever it is vital for a business to centralize their financials.

As you know, “commerce” now involves both brick-and-mortar stores and selling on multiple channels online. And that’s just the first layer of complexity—this year at QuickBooks Connect, I learned that the average SMB uses approximately 15 applications to manage their business.

Unfortunately, many businesses are still manually entering in much of their sales, inventory, and shipping data into their QuickBooks. But why? This method creates many problems, some of them include:

  • Human error
  • Time wasted
  • Money spent

The good news is, there are several apps out there to move data for you. The bad news is that many of these apps do not communicate with one another. Sure, there is ERP software out there that will take care of it all, but it’s generally designed for the enterprise level business and it’s expensive.Why are so many #ecommerce businesses still manually entering data? There's a better way. #Webgility Click To Tweet” 

While an ERP may feel like a logical step for a maturing SMB, I would recommend waiting. If you are considering an ERP, it’s likely that you already have many of the necessary tools, but still struggle because those tools are not in sync. When your tools are not in sync, they cause a mess and confusion, which is more manual work.

There is now software that will unify these siloed applications and get them communicating together—also known as “middleware.” The beauty of middleware is that it makes your existing applications more powerful and unlocks the full potential of your business applications, especially QuickBooks. By having cleaner, faster, and more accurate data in your QuickBooks you can save time, eliminate costs, leverage new financial insights to make better business decisions, and focus on growing your business.

Not all applications are made equal, and there is no one product that will do everything for you. However, there are applications that can do most of the heavy lifting automatically and make life easier for you and your accountant. Start your search on the Intuit App Store (apps.com), and filter by “data sync.” From there you can start your evaluation and research. It’s not a bad idea to filter further and look at ProAdvisor top picks, since it will show you the applications most highly regarded by the pros that use them regularly.

For a slightly deeper dive into how to find ecommerce applications that make selling easier, check out this handy guide. And if you have any questions about how to unify your back-office systems, just ask. I’m happy to help!

Dustin Thede, Business Advisor

Dustin Thede, Business Advisor

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