Intuit Launches E-commerce Features For QuickBooks Online To Boost Small Business Inventory Management
Intuit e-commerce services have helped customers for years. By automating inventory accounting processes and linking sales channels, QuickBooks Online now serves as a single source of truth for product, stock, and financial data. This grants business owners the insights needed to make informed decisions.
With these new capabilities, customers can:
1. Sync Across Sales Channels: Automate the synchronization of products, orders, inventory, and payout data across various channels, such as Shopify, Amazon, and eBay, directly into QuickBooks Online, eliminating manual data entry.
2. Identify Growth Opportunities: Leverage commerce data integrated into QuickBooks Online to identify top-performing products and trends across different sales channels, helping businesses focus on what works.
3. Maintain Accurate Inventory: Easily manage stock adjustments individually or in bulk to ensure inventory quantity accuracy.
4. Effortlessly Replenish Low Stock: Receive timely notifications when inventory levels are low, simplifying the creation of purchase orders to restock products and variants efficiently.
5. Financial Clarity: Track costs of goods and business expenses while using accurate reports to understand profitability, enabling better financial management.
Joe Black, Director of Product Management, Commerce at Intuit QuickBooks, emphasized the importance of these features for businesses with multiple sales channels. “By automating key functions throughout the commerce process and seamlessly integrating commerce data into the books to streamline accounting, we are arming product-based businesses with the valuable insights they need to help succeed in this year?s holiday season and beyond,” he said.
These new e-commerce capabilities are currently rolling out to new QuickBooks Online customers and will soon be available to existing customers.
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