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If you’re running a storefront on Magento while using QuickBooks as your accounting software, and you haven’t linked the two, you’re really missing out. Each is a great software package on its own, but Magento integration with QuickBooks can make your life so much easier.
Integrating Magento with QuickBooks allows each to communicate with the other while sharing data. This leads to several big benefits to your business management.
Five Reasons to Integrate QuickBooks and Magento
1. Only Enter Information Once
Possibly the biggest benefit to Magento integration with QuickBooks is how much duplicated effort it can prevent. When the two are linked, data entered into one will automatically propagate into the other. This means you only have to enter the data once, rather than twice, which saves you a lot of time and effort in the long run.
2. Avoid Needless Mistakes
Another problem with entering the same data multiple times is that it introduces more opportunities for errors. To err is human, as they say, and anyone entering data will make a typo every now and then. If you only have to enter the data once, there’s less chance of a mistake or a mismatch between your sales software and your bookkeeping system.
3. See Ongoing Reports - Live!
Ever wonder what your financials look like, while you’re managing your Magento storefront? You don’t have to if it’s integrated with QuickBooks. You can instantly pull in your financial information at any time, whenever you need it, allowing you better access to business intelligence as you manage your store.
4. Easier Payroll, Taxes, And More
The bureaucratic processes associated with running an online store are a nonstop hassle – but you can reduce the effort needed through software integration. Linking your store and accounting software makes it simpler to calculate payroll, taxes, and perform other tasks that need to be handled with precise accuracy. Running reports also becomes easier, simplifying your tax filings and other reporting requirements.
5. Fire and Forget
Possibly the best thing about Magento integration with QuickBooks is that it’s a one-and-done process. Once you have the two linked, they’ll continue to share information for years to come. That frees you up to focus on more important aspects of managing your business, without having to worry about tedious record-keeping details.