Amazon Business Account is easy to link with QuickBooks to track and import the different financial entries. Integrating QB with Amazon allows the smooth transfer of data between the two platforms, the accounting process, and streamlining the bookkeeping for the business. In this blog, we will explain the features and steps for the QuickBooks Amazon integration.
This method makes the integration easy for importing all the purchases of your Amazon Business account in QuickBooks. With this integration, you can categorize these purchases with its bank or credit card records.
What is an Amazon Business Account?
Amazon Business is widely popular among its esteemed customers as it gives them comfort, options, and flexibility for their business. The Amazon.com account can be used for individual purchases and the Amazon Business account for business purchases. Amazon business purchases app permits businesses to link their Amazon business account with QB Online. By using this app, whatever purchases are made on Amazon will be visible in QB, in this way tracking and classifying the expenses is made easy.
Note: Only those who have an Amazon Business account can use the Amazon Business purchases app. You can’t link your personal Amazon account or Amazon Seller account with QuickBooks.
What are the Benefits of QuickBooks Amazon integration?
Amazon Business is tailored as a total procurement solution designed to meet the global needs of businesses across different sectors, easing entry to specialized services and a vast pool of products. Made for small to large companies, it provides a platform that is unique where businesses can carry out their purchasing processes efficiently. Some advantages of using Amazon Business are as follows:
- Specific users are assigned to handle procurement, which enables the payment methods to be done correctly and on time.
- Workflows are created and approved so that the purchasing process is streamlined and efficient.
- Registered members with Amazon can avail of ready-made shipping options and this will reduce their cost savings.
- Sellers by offering discounts allow the business to optimize the buyer’s expenses and this makes them get maximum value for their products.
- The ordering process is fashioned in such a way that the business goal of the company is ensured which makes it easy and favorable to carry out the company’s purchases.
- Potential for tax-exempt purchases is a feature that can lead to important savings for eligible companies.
Limitations of Amazon Business Account
Although Amazon Business Account has many advantages, some limitations of QuickBooks Amazon integration are as below:
- The correspondence between the buyer and seller at certain or peak times can be restrictive and this may affect the perspective or the view of the user. This limitation can obstruct the dialogue between the buyers and sellers that is needed to develop trust between the two parties and hence customer satisfaction in B2B operations.
- Restrictions by the shipping companies on certain products for example, perfumes are considered to be dangerous goods, so the availability of these items can restrict the business operations and strategies for acquisition.
- Brand awareness is another issue as Amazon Business gives more priority to platforms rather than individuals selling the brands which can hurt the brands and a decrease in direct customer interaction.
- Getting associated with Amazon Business needs a business mail and tax identity, and this may be a barrier for some people who want to start with Amazon with the bare minimum.
Steps to Integrate Amazon Business Account to QuickBooks Online
Linking your Amazon Business account with QB Online is easy so that you can track your purchases and expenses. To connect your Amazon Business account with QuickBooks Amazon integration, you need to be the primary administrator of the Amazon business account and the company admin for your QB company.
1. Arranging the connection
- As an administrator sign in to your QB account.
- Now, click on the Amazon Business Purchases app page.
- Select and click Get app now.
- Sign in to your Amazon Business account as the primary administrator when asked.
- Select the import start date. Now the app will import all of the Amazon Business purchases you made on or after that date.
- Select Finish.
The app now starts to import your Amazon Business purchases into QB. It may take some time to complete. Once the first import is completed, the app checks your Amazon Business account daily and transports the current transactions into QB.
2. Evaluate things that you purchased from the Amazon business
You have to evaluate items that you bought from the Amazon business app and add them to your workbooks.
- Select the App Transactions features from the transactions menu.
- All the business purchases or returns that you purchase from the Amazon Business app with product details such as product description, quantity, and prices occur in the Review tab.
- Now, you have to use your Amazon QuickBooks integration with ease.
Conclusion
Amazon Business Account presents a platform that fulfills the business needs of users with a variety of features, such as exclusive pricing, business analytics, and personalized browsing. Some limitations, communication with the purchaser, and brand awareness may need thoughtful consideration before going ahead with QuickBooks Amazon integration.
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