Shopify, Shopify Plus Integration for QuickBooks Online
Entriwise automates accounting, enables inventory tracking and offers per-product profitability for Shopify sellers using QuickBooks Online.
- QuickBooks versions:
- Online Plus, Online Advanced
- Shopify stores:
- US, CA, UK, IE, SE, ES, NL, IT, DE, DK, BE, AT, AU, NZ, HK, SG, JP
Import details Proper accounting without journal entries
Entriwise imports everything, including sales, refunds, and fees, as proper QuickBooks Online accounting documents. Schedule imports hourly, daily or initiate them manually - all transactions will be imported as correct and fully itemized documents.
- ✔ Fully itemized imports
- ✔ Individual or grouped by day
- ✔ Daily or hourly scheduling
Item mapping Itemized mapping to record all income and expenses
Handle all expenses associated with Shopify orders and refunds, including commissions, refund & return fees. Process non-order fees and charges, chargebacks, reimbursements, balance adjustments, etc.
- ✔ Fully itemized imports
- ✔ Grouping by day
- ✔ Daily or hourly scheduling
Advanced tracking Advanced accounting with classes and locations
Use advanced features of QuickBooks Online such as classes and location to classify Shopify sales.
- ✔ Income and expense tracking by class and location
- ✔ Tracking by marketplace, country, and fulfillment method
- ✔ Per document classes and locations, per line classes
Inventory mapping Map Shopify SKUs to QuickBooks Online inventory products to enable inventory tracking
Map every product (SKU) you're selling on Shopify to inventory items QuickBooks Online to see quantity sold and refunded and corresponding COGS
- ✔ Auto-mapping by SKU
- ✔ Mapping by CSV file upload
- ✔ Manual mapping using Web UI
Advanced inventory Use bundles, many-to-1 mapping for advanced inventory integration
For sellers requiring advanced inventory mapping, Entriwise offers many-to-1 mapping to QuickBooks Online inventory products and creation of complex bundles
- ✔ Many-to-1 mapping to QuickBooks Online inventory products
- ✔ Create complex bundles with price allocation rules
Inventory sites Inventory sites for precise inventory tracking
Benefit from support for QuickBooks Advanced Inventory using separate inventory sites for different fulfillment methods and marketplace / countries.
- ✔ Inventory sites per fulfillment method
- ✔ Inventory sites per Amazon marketplace / country
- ✔ Product specific inventory sites
Cost of goods sold Actual COGS to calculate your product profitability
To track your product profitability, start with cost of good sold (COGS) defined in one of the two ways
- ✔ Use actual COGS as reported by accounting software
- ✔ Define COGS manually for each product
Additional costs Extra-COGS to record additional expenses
QuickBooks Online doesn't allow expenses like advertising to be tracked as per-product COGS. With Entriwise you can factor in various expenses as COGS to per product profitability calculations.
- ✔ Fixed extra COGS in your marketplace currency
- ✔ Extra COGS as percentage of actual COGS, fees or total sales
Sales fees Marketplace and processing fees as final cost component
QuickBooks Online cannot allocate your marketplace and processing fees to each product sold. With Entriwise you will be able to see your true marketplace, fulfillment and processing fees as costs of sales resulting in correct product profit and margin analytics.
- ✔ Shopify and Shopify Plus commissions
- ✔ Shopify and Shopify Plus Payments fees
Your numbers will be reconciled to the penny!
Our unique automatic reconciliation algorithm guarantees 100% correct imports. Whether you process 1,000 or 1,000,000 orders per month, Entriwise imports will reconcile to the penny.
Looking for something else? Talk to our in-house CPA and advisors
professionals who understand the e-commerce needs.
Together we will find a solution that works exactly for your company, allows up and running quickly, with less disruption to your business.