In this age of digitalization, it has become necessary for every kind of business to maintain an online presence in order to stay in the competition among other rivals. The very first step towards making an online presence is having your very own website for your specific business and with that website, an online shopping or eCommerce platform is also important in order to maximize customer engagement as the number of consumers purchasing products online has drastically increased over the past few years especially with the growing popularity of smartphones and other handheld devices. This is where Magento and Quickbooks enter the game. Before we go further on how to use Magento along with Quickbooks can transform your business, we must understand what they are and their importance for a business.
Let’s talk about Magento first. It is an open-source eCommerce platform that provides retailers or merchants with a highly customizable shopping cart system. It also offers control over the content, theme and overall functionality of the online store. Furthermore, it also provides powerful marketing, catalog management, and search engine optimization tools to enhance the productivity of the online store. There is a variety of extensions, plugins, and themes available to enhance the overall customer experience as there are a lot of aspects that have to be configured according to the requirements of a specific business to provide the perfect customer experience. In addition, there are numerous benefits of using Magento as your eCommerce platform, some of which are listed below.
- Secure order preferences and product management.
- Multi-website options
- Currency and language support
- Custom Integrations.
It is because of these benefits and this degree of customizability that Magento has become one of the largest eCommerce platforms today. Integrating Magento with other third-party applications like Quickbooks can also enhance the productivity of an online store.
Quickbooks is an accounting software package that offers financial solutions to small to medium-sized businesses and is used by businesses all over the world. It offers features like project profitability management, billing, payment management, invoicing, contractor management, and many more which are essential aspects for any kind of business.
Magento and Quickbooks Integration
Quickbooks integration with Magento is a powerful tool that helps a business to automatically synchronize all accounting data which includes customer information, product information, invoices, taxes, and other relevant data from the business’s Magento website to its Quickbooks Online. So how does this synchronization work? When an order is placed on an eCommerce website, the integrated system will search for this particular order data in the central database. If this information does not exist in the database, a new customer will get added to the list of customers. Otherwise, the data will be updated. The integration of Magento with Quickbooks highlights the business-critical insights into the overall performance of the online store. It also reveals important data relevant to stock levels, resources, and customer orders that help you to make better business decisions. It will add new products, update product information, and sync tax rates from Magento and QuickBooks automatically. In addition, you can obtain invoices and payments directly via QuickBooks accounting.
Magento Quickbooks integration offers many more industry-leading features to manage a Magento store. Some of these features are:
1. Business Management on the Move
It is now possible to manage your business and stay organized from anywhere due to the compatibility of Magento Quickbooks with smart devices like mobile phones, tablets, and other handheld devices.
2. Expenses Tracking
All of your business’s expenses can also be tracked by just taking snaps and saving receipts to QuickBooks.
3. Business Progress Tracking
Now you can stay up to date with the performance f your business through dashboards and customizable reports.
4. Cash Flow Control
Scheduling recurring payments like payments to vendors further optimize the business process by saving more time.
Magento Quickbooks can also be integrated with software to manage other business processes.
All of these features greatly optimize the business processes by automating repetitive time-consuming tasks and also simplifying the entire business management system. They also provide increased accessibility to stay up to date with everything relevant to the specific business and the ability to access business data from anywhere at any time.
According to statistics over 250.000 online businesses are powered by Magento which goes to show how much Magento has had an impact on eCommerce globally and also explains why the majority of online business owners prefer Magento. Integrating Magento with Quickbooks can provide business owners with a whole new digital ecosystem where they can collect, manage and analyze all the data. Furthermore, Magento integration with a CRM can further maximize the overall productivity and functionality of a business looking to grow in today’s market.
So when are you integrating your Magento website to Quickbooks to get the most out of your business?
Interested? Rolustech is a full-service Magento eCommerce Platform development firm and our experts can make sure your e-commerce platform serves your business in every way possible. Get in touch today for a FREE Business Analysis session!