Intuit® recently announced a new integration for QuickBooks® with Amazon Business, allowing small businesses to seamlessly automate purchase reconciliation and categorization when making purchases on Amazon Business. Through the new integration, all Amazon Business purchases will be automatically imported into QuickBooks, with data being refreshed multiple times per day. Purchase details, including item descriptions, costs, and fee breakdowns for each transaction will be included automatically, significantly reducing the need for manual data entry.
In addition to reducing the time spent on manual data entry, the integration between QuickBooks and Amazon Business also helps business owners better categorize and understand their business expenses, while eliminating the need to go back and forth between QuickBooks and Amazon Business to match up purchases. By connecting Amazon Business with QuickBooks Online, businesses can gain better insights into where their expenses are coming from and how their business is doing overall. Each item bought through Amazon Business can be categorized separately and matched with bank transactions in QuickBooks. This even works should a customer return an item to Amazon Business – with the returned item transaction importing into QuickBooks automatically for review.
“Small businesses are increasingly looking for ways to seamlessly manage their business, while reducing the time it takes to do so,” said Rajneesh Gupta, vice president, global enterprise partnerships at Intuit. “This integration allows both small businesses, and the accountants who serve them, to better manage a business owners’ purchases and overall books. Small businesses use Amazon Business to purchase a number of goods to enable their business growth. This integration will automate the data entry and reconciliation small businesses need to do to keep their books up-to-date, and will make the lives of small business owners and the accounting professionals that serve them easier.”
Once small businesses have connected the Amazon Business account to their QuickBooks Online account, they can locate transactions by navigating to the Banking tab and then selecting the App transactions subtabs.
“Since the app is so easy to use and automatically imports my Amazon Business transactions into QuickBooks, I estimate it saves me about 1-2 hours per month for my small business, and this is time I can better use for helping my brides,” said April Preuss, owner of Teton Wood Blooms, a boutique floral company that designs wedding bouquets and home decor using handcrafted wood flowers.
To connect your Amazon Business and QuickBooks Online accounts and learn more, please go here.