Connect Amazon Seller Account with QuickBooks – PayTraQer

Selling on Amazon is great. You have a lot of things to take care of - inventory management, orders, customer engagement, marketing, and so much more are always on the table. In that rush, why don’t you leave your repetitive bookkeeping task to automation tools? Bookkeeping is the most troublesome part for a small business owner. 

Automation has its footprints in every industry and bookkeeping is no exception. In fact, most accountants feel happy to work with automated books, considering the speed and accuracy of automated bookkeeping systems. So, it is time you take the call of automated bookkeeping for your small business.

If you are here, you must be an Amazon seller using QuickBooks for your accounting. This read will teach you about QuickBooks Online Amazon integration and show you how to optimize your bookkeeping workflow with PayTraQer. 

The Old School Method

QuickBooks is a great tool to handle your accounting. But you have to manually enter each transaction and related details into QuickBooks, one by one, transaction by transaction. That involves a lot of time. The average speed of manual keying is 12,000 keystrokes per hour. With that in mind, we can say that it takes almost 3 to 4 hours to manually key 300 transactions into QuickBooks. 

And what about the accuracy, do we always get 100% accurate records? Not all the time. However pushed, manual keying is inevitably prone to errors. Erroneous records may pull up big scoops of penalty when the tax filing is messy. But this is how manual bookkeeping has been in practice all these days. 

Connecting Amazon and QuickBooks - PayTraQer

There is an application that can save you from these troubles. PayTraQer is an intuitive bookkeeping application that can sync all your Amazon sales into QuickBooks automatically. 

There is no need to appoint a person to manually key the transactions into QuickBooks. Every time when a customer buys your product on Amazon, the transactions will be recorded into QuickBooks automatically. You don’t even have to open the application. You can get your numbers updated. 

PayTraQer is Intuit authorized and so you can trust it in terms of reliability and compliance with QuickBooks. Moreover, PayTraQer is automating the books of 50,000+ busy small businesses and their accountants all around the globe. It is adored as the #1 user rated application for its user-friendly interface and efficiency. 

Setting Up PayTraQer

You just need to spend a couple of minutes to set up and get running with PayTraQer. Here is the detailed step up step guide on how to set up QuickBooks Online Amazon integration with PayTraQer. 

PayTraQer is Intuit authorized and so you can get the application from the Intuit App Store. Log in to your QuickBooks account and search for PayTraQer in the Intuit App Store. You can see our app card there. Just click the ‘Get App Now’ button. You will be navigated to our application. Alternatively, you can get PayTraQer from the SaasAnt website. 

You can sign up to PayTraQer with your QuickBooks credentials. Once your QuickBooks company is connected, you can connect your Amazon sales channel. Then you have to complete the verification steps. Then, you can adjust the quickstart settings according to your needs. 

Now you will be able to download and sync countless Amazon sales and transactions into QuickBooks in a flash. 

Not Just an Import Tool

PayTraQer is not merely for importing transactions into QuickBooks. Here is what you can do with PayTraQer and how it simplifies your small business accounting. 

Sales Tax Calculations

Taxes differ for each product according to the place, customer and type of product. Calculating taxes for each product is a tedious task. Trivial mistakes in the tax calculation may drag in bigger problems at the time of reconciliation and tax filing. To prevent you from such a mess, PayTraQer handles calculating your accurate sales tax, with the pre-assigned instructions. 

Withhold and Facilitator Tax Handling

When you sell on Amazon, you will have to deal with the withhold and facilitator tax for each product you sell. But PayTraQer is built to wipe off all your bookkeeping burden. PayTraQer reads each transaction that is being synced and applies the withhold and facilitator taxes for applicable items. This prior alignment makes your accounting easier. 

Streamlined Inventory

PayTraQer retrieves your inventory information from your sales transactions and updates it in QuickBooks for you to review. So, every time you make a sale from your Amazon seller account, your inventory records in QuickBooks get adjusted. With this information at hand, you can foresee things clearly and avoid overselling. 

Historic Sync

If you are thinking about how to sync your previous Amazon sales into QuickBooks, PayTraQer has a way to do it. Once you sign up for PayTraQer and connect your Amazon seller account, all your previous Amazon e-commerce transactions for the past 60 days will be downloaded to PayTraQer. With just a click of a button, you can sync them all into QuickBooks in a snap. 

To download transactions older than 60 days, you have to specify the date range. PayTraQer will roll up and bring all the transactions that happened within the specified date range and list them in grid view. You can see each transaction and choose the ones that you want to sync into QuickBooks before hitting the sync button.

Undo Sync

What if you have mistakenly synced a batch of transactions that you don’t want into QuickBooks? You don’t have to panic at all. PayTraQer has an ‘undo sync’ option to roll back your sync. 

You can either roll back the entire transactions along with the attached customer and item details with the ‘Undo All’ option or remove only the transactions, retaining the attached customer and item details in QuickBooks using the ‘Undo Transactions’ button. 

Conclusion

Now you know how to optimize QuickBooks Online Amazon integration using PayTraQer. With PayTraQer, you will get 100% accurate records all the time. Plus your reconciliation will run smoothly. Get PayTraQer now and say goodbye to your manual bookkeeping. Try PayTraQer free for 30 days with our free trial. Do not hesitate to drop us a line at supprt@saasant.com if you have any queries.