For small business owners, it often seems like there can never be enough hours in a day. Time is a precious and limited resource, especially for those trying to manage and grow their own business. That’s why Intuit has collaborated with developers, accountants and bookkeepers to create an ecosystem of integrated tools and services, freeing up more time for entrepreneurs to focus on what they love about running their businesses.
Integration is the name of the game in today’s cloud-driven economy and we’re thrilled to announce a new partnership that will make it even easier for entrepreneurs to focus on their customers and their passions.
QuickBooks Online bookkeeping software will integrate seamlessly with Shopify, a commerce platform that allows small and medium-sized businesses to easily sell through multiple sales channels including online, social media and in-person. Founded in Ottawa, Shopify is a great Canadian startup success story born out of the entrepreneurial community Intuit is investing in and helping to grow. The partnership will allow Shopify merchants to automatically update and transfer business financials, so entrepreneurs can spend their precious time growing their business, not managing the technology behind them.
How will this integration help entrepreneurs run their businesses better and more efficiently?
1) Seamlessly updates merchant data: No need for manual reconciliation. All e-commerce transactions flow into QBO with no extra work required.
2) Improves sales transaction accuracy: Sales data is automatically aggregated into QBO, giving small business owners a clearer and more accurate picture of their finances.
3) Generates better business performance insights: Provides QuickBooks Online users with an up-to-date view of business performance. The integration lets small business owners create key reports, such as profit and loss, cash flow and balance sheets at the click of a button.
This partnership is part of QuickBooks’ vision to become the operating system behind small business success. This may sound like a tall order, but with over 1,000 small business apps on the QuickBooks platform, customers now have more access to the information they need than ever before. Cultivating a holistic, integrated and personalized ecosystem for small businesses is paramount to fueling entrepreneurial success in Canada. As the cornerstones of our society and the economy, when small businesses thrive, we all do.