5 Ways Magento QuickBooks Integration Enhances Your E-store

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5 Ways Magento QuickBooks Integration Enhances
Your E-store
As an e-commerce business owner, you constantly
have to look after something or the other.
Whether you are selling products or services, you
have to make sure everything from marketing to
delivery runs smoothly. A crucial part of this
process is making sure that you keep an account
of every sale and add it in the records. This is
where accounting software comes in handy. One of
the leading accounting software in the market is
QuickBooks. If you want things to run smoothly,
you need to have your accounting software
up-to-date with all the details that your
e-commerce store has, in real time. But in
general cases, e-commerce store owners manage two
different entities one being
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the e-commerce store platform like Magento,
WooCommerce, or Shopify and second being an
accounting software like QuickBooks. This could
be slightly cumbersome. Since you have to
maintain both databases day in, day out, minor
issues can turn into tedious tasks if you have
to attend to it on a daily basis. We have done
insightful research on such tedious tasks and
here are some of the issues you can face if you
manage an e-commerce store and QuickBooks,
separately Duplicate Entries Imagine that you
have a Magento store and you use QuickBooks to
manage your accounts. So, every time a sale goes
through which definitely comes in through your
store, you will have to make a manual entry in
QuickBooks. This will surely lead to duplicate
entries or some other kinds of errors, related to
a simple typing mistake or missing some entries
of a customer, accidentally. Because of
duplicate entries, the overview of your sales
data wont be apt and the actions taken based on
such data can cause a lot of trouble and loss for
your business. Data Loss Sometimes due to a
technical error or poor internet connection,
there is a chance that your e-store data or
QuickBooks data might have not backed up. And in
such cases, it can lead to loss of data. Data
loss is one of the most severe problems existing
in todays information era. It can lead to major
setbacks in productivity timeline, loss of
customer data, etc. You can lose customers too
if the data loss turns into a security breach.
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Product Mismanagement If you do not integrate
your accounting software like QuickBooks with
your e-commerce store then every time you add or
remove a product from your e-store, you will
have to do the same manually from the QuickBooks
as well. If you forget to do so, you will not be
able to add the new product to an invoice when
an order comes in for it. This can lead to an
adulterated view of your inventory leading to
some bad decisions. You can solve all the
above-mentioned issues very easily by connecting
your store and your accounting software. There
are many extensions available that lets you
integrate QuickBooks with the Magento store.
Through such extensions, some of the Magento
store modules will integrate via an automated
getaway to QuickBooks. The Magento QuickBooks
integration provides a kind of smoothness in
business operations that does not come from
using those tools separately. When connected,
they make your store backend easier to use. HERE
ARE THE INTEGRATED MODULES AND SOME OF THE
BENEFITS OF THIS EXTENSION Customer
Module After adding this extension to your
e-commerce store, you can sync the customer data
smoothly with that in the QuickBooks. When you
add a new customer to your Magento store, this
extension automatically creates a similar
customer account in the QuickBooks too, thereby
making maintenance of every customers accounts
effortless. Product Module
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Just like the customer module, when you add a new
product to your Magento store, the extension
syncs the product data with the QuickBooks
inventory list, at the same time. This makes it
simple when it comes to making invoices because
you will need to be able to add products from
your updated product list. Moreover, this
extension also gives a proper overview of the
inventory. Invoice Module This module, in
general, lets the user generate an invoice for
each customer. When a customer purchases
something, your Magento store generates an order,
in the backend. Then that order transfers to
QuickBooks, which creates an unpaid invoice for
the same. Since your Magento store and your
QuickBooks account share the customer database
and product inventory, this happens
seamlessly. Once that the customer pays the
invoice, its status changes to paid in both
QuickBooks and your Magento backend. Credit Memo
Module This is for when you have to give a
refund to a customer. When a customer chooses to
return a product, you can create a credit memo
from your Magento backend, which will create the
same in your QuickBooks. Accurate Data
Backup With the such Magento QuickBooks
Integration gateway, even if one or both of your
platforms have some issue, you will not lose any
data. The Magento QuickBooks extension will be
able to fetch your data and create a backup
keeping it secure. SUMMING IT UP
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These features of the Magento QuickBooks
extension make maintaining all your records
hassle free. Everything runs smoothly and you can
work more efficiently without having to worry
about little errors that can disrupt your entire
workflow. Original Post https//www.appjetty.c
om/blog/magento-quickbooks-integration-e-store
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