Are you thinking about integrating Shopify with QuickBooks? If so, you probably want to learn a bit more about it before implementing this change. So let’s talk about what Shopify is, what QuickBooks is, and whether integrating Shopify with QuickBooks is a good idea. Then we will round out this article with some of the most frequently asked questions about these two programs and talk about the best way to integrate Shopify and QuickBooks.
Shopify is subscription-based software on a platform built for commerce. Shopify provides a system to help business owners set up an online store where they can sell their products and manage their business.
In addition to setting up an online store, some business owners use Shopify in conjunction with their physical location by using a Shopify POS, point-of-sale app, and its accompanying software.
What Is QuickBooks?
QuickBooks is a software program developed by Intuit. It is designed to provide business owners with solutions for managing their personal, business, and tax finances. QuickBooks offers onsite and cloud-based accounting applications and is mainly geared towards small and medium-sized businesses. QuickBooks is also capable of accepting payments, payroll functions, and managing and paying bills.
Is Integrating Shopify with QuickBooks a Good Idea?
Yes! If you want to make your daily functions and bookkeeping tasks much quicker and easier, you definitely want to integrate Shopify with your QuickBooks program.
Integrating Shopify with QuickBooks has other advantages as well. This integration will help ensure efficiency and accuracy. It will also give you more time to spend on other more important aspects of running and building your business.
Here are some of the best reasons for integrating Shopify with QuickBooks.
- It will cut your data entry times down to almost zero. And as you know, saving time saves money.
- Integration will help prevent you from getting behind because you are not spending all your time on data entry tasks.
- It will give you more time to generate traffic for your business.
- It will make tax time much easier and less stressful. This is because, with this integration, you just forward the reports to your accountant.
- It will lessen the chance of human error because your accountant won’t have to go through your records manually.
- It makes fulfillment quicker and more accurate.
- Inventory tracking becomes much easier because the system will update your inventory counts after each sale.
- It will streamline your product listings, saving you an immense amount of time.
- It will also streamline your returns by locating the sale and instantly updating your records after a return has occurred.
The Most Frequently Asked Questions about Integrating Shopify with QuickBooks
1. Does Shopify work with QuickBooks?
Yes, you can integrate Shopify with QuickBooks.
2. What is the difference between QuickBooks Online and desktop?
QuickBooks Online is cloud-based and runs using the internet. QuickBooks desktop has to be downloaded and installed on your computer.
3. Is Shopify good for beginners?
Yes, Shopify has a simple interface and free templates to assist the business owner with their online store.
4. Is Shopify free to use?
No, Shopify is a subscription service, but they do offer a 14-day free trial.
5. Is QuickBooks the best accounting software?
Yes, according to Investopedia QuickBooks Online is the best overall accounting software for small businesses.
The Best Way to Integrate Shopify with QuickBooks
Integrations in general are usually not an easy task and integrating Shopify with QuickBooks is no exception, not to mention it is time-consuming.
You have to create your project, set up your project, build your project, construct connectors between the two, create a process, create a workflow, define the data source, and create a data source connection and source table so it can produce a query. Then you have to add all your data destinations and a data source connector, and a destination table is required for each rule.
Next, you have to establish a map between the data source and the data destinations. Lastly, you have to check the metrics in the logs. It’s important that these logs are examined carefully because they include information about the number of written and read records, as well as additional information on any faults that occurred for a failed run.
And that’s just a quick overview of integrating your Shopify program with your QuickBooks program.
So what’s the best way to integrate Shopify with QuickBooks?
The best way to integrate Shopify with QuickBooks is to use an automated system that will do everything for you. Yes, you heard that right. Everything that needs to be done to integrate Shopify with QuickBooks can be automated, so you don’t have to do much of anything. And…the results won’t contain any human error.
This can be done using a program called Flowify that will automate this integration for you. Flowify is a Shopify accounting app that will integrate all your sales, deposits, fees, refunds, and more seamlessly into QuickBooks.
Keep reading to find out how!
If you would like some quick and easy solutions for integrating Shopify with QuickBooks, please contact Flowify today. We specialize in systems that automate the bookkeeping from Shopify store transactions to the bank account reconciliation of the amounts you receive from Shopify. If you want a program that is accurate, reliable, and can easily reconcile your financials, Flowify is for you! We look forward to helping you take your business to the next level.