What is QuickBooks?

QuickBooks is one of the most popular accounting software applications designed for small to medium-sized businesses. Without QuickBooks, it will be very difficult to keep track of your expenses and assess your day-to-day transactions.

QuickBooks is the most sought-after financial tool that allows you to generate various types of reports. Use the reporting tool to get an overview of your business performance. Over 80% of the small companies are using QuickBooks to handle their finances.

QuickBooks comes with a range of features that make it easy to record transactions related to salary, expenses, profits, etc. Whether you want to calculate taxes or generate invoices, it can be done easily using QuickBooks.

If you have your own online store, it is advised to use QuickBooks to keep track of your income. However, QuickBooks is not to be used as a standalone system. Disparate systems can make it difficult to run your business. Integrating this accounting tool with your eCommerce backend is recommended to maximize your business potential.

Here's how eCommerce integration with QuickBooks can benefit your business:

Input your Data just Once

Are you fed up of inputting data twice in your system? QuickBooks eCommerce integration can help you to resolve the issue. After a transaction has been recorded in your eCommerce backend, it will automatically flow into your accounting system, thereby eliminating the need to input data twice.

A long list of customers in QuickBooks can be imported in your eCommerce store with a single click. No need to re-enter customer information one by one and waste your time.

Reduces Human Involvement

When critical information such as customer and order details can be transferred automatically from your eCommerce backend to QuickBooks, human intervention reduces significantly. Reduced human involvement automatically translates to fewer errors.

Saves Time

One of the biggest advantages of connecting the accounting tool with your online store is that it removes the activity of re-entering the data. With this integration, you can move transaction details into QuickBooks.

Just imagine moving hundreds of transactions manually to QuickBooks! Won't that consume your entire day? Integration automates data transfer, thereby saving your precious time, which can be utilized for other important tasks.

Centralize your Process and Workflows

It is observed that both eCommerce and QuickBooks have different sets of features. However, with QuickBooks integration, you can easily merge their features into a single system. Thus, you can create a centralized system to manage your workflows, which can help you to make smarter decisions.

Boost Productivity

From reducing errors to eliminating duplicate entry, integrating your accounting tool with eCommerce offers plenty of benefits. Data between both systems are in sync. Hence all departments can access up-to-date data at all times. All this helps in improving the productivity of your team.

Why Integrate QuickBooks with CRM Software?

Want to have a bird's eye view of your customers? Then avoid using CRM as a standalone system.

As we all know, CRM tools are used by various business organizations to capture valuable data of their customers. Leverage CRM data by integrating it with QuickBooks.

QuickBooks also keeps track of customer information and their order history. Hence, many companies do not buy separate CRM and prefer to use QuickBooks for managing customer interactions. An integrated system will allow you to schedule follow-ups for unpaid invoices.

However, QuickBooks does nothing to identify upcoming sales opportunities. With QuickBooks CRM integration, you will get a 360-degree view of your customers. You can easily sync information back and forth between systems. You can send automated follow up emails to remind them of unpaid bills.

With an integrated system, all sales-related activities are visible. As a result, you get clear visibility into your sales funnel. This will enable you to accurately forecast your sales and accordingly plan inventory. No dealing with under-stocking or overstocking.

An integrated system can boost your marketing efforts. Your marketing team can accurately track their customers' previous spending habits, which will allow them to identify customers that are most likely to purchase. You can nurture customers and encourage them to repeat business.

When choosing a CRM software application, make sure it comes with broad integration capabilities. This will enable you to easily connect the software tool with QuickBooks.

On the whole, if you want to make your business more efficient, it is necessary to use an integrated system. It will reduce your operational cost, take your business to new heights, and enhance your market value.

Author's Bio: 

Arnaldo is an American writer for various digital news publications. After being in the eCommerce industry for more than 15 years, Arnaldo has a good understanding of what it takes to make an eCommerce business successful. He also likes to cover newsworthy events related to business management software, customer relationship management (CRM) and Quoting software