A COMPLETE GUIDE OF QUICKBOOKS COMMERCE

Running a multi product business isn’t an easy task. It asks you to bookkeep every single information regarding several platforms.

Tracking inventory, recording each entry, keeping a track of expenses and orders, and much more. Phew! This all needs to be simplified to help a small business owner run his business smoothly.

Intuit has therefore provided the small business owners with QuickBooks Commerce Platform. It will help you to simplify the hectic process and organize every transaction properly. We will, therefore, look at several things you need to know about QuickBooks Commerce in this article.

A Brief to QuickBooks Commerce

The platform of e – commerce Quickbooks is known as TradeGecko, and it comes under the category of SaaS (software-as-a-service). This cloud based platform is designed especially for small business owners to help them trade through various sales channels by making their tasks easy and convenient.

It automatically syncs data, invoices, expenses, inventory, information regarding employees, etc., from several platforms to a single one. The tools will help to summarise financial reports and tracking performance and profits along with no out-of-stocks days! Everything can be performed both offline and online.

Characteristics of QuickBooks Commerce

The QuickBooks Commerce platform offers you different tools that will organize, summarise and analyze your data, making it convenient for you to handle multi-product sales within a single platform.

The Commerce QuickBooks Platform focuses on three distinct areas of online sales : Management of Inventory and Manufacturing, Order Management and Shipping, and Management of Customer Relationships.

Let’s take a deeper look into what these areas offer.

Management of Inventory and Manufacturing

This area provides tools that will manage each product sold by you. All the details regarding inventory, warehouse, manufacturing, etc. will be controlled and organized in a way that would leave you with no worries .It offers –

• Control over Inventory by keeping a record of all the products sold and to ensure no running out of stocks.
• Optimizing Inventory through demand forecasting or reordering products ensuring the right amount of stock every time.
• Management of Warehouses by allowing transfer of stocks in between various warehouses at different locations for efficiency.
• Manufacturing Management by offering you a detailed information regarding each step of business

Order Management and Shipping

This area along with focussing and tracking your orders and requests, assists you to increase both your business’s position and revenue. It provides –

• Management of Orders by automatically syncing orders and inventory and setting up low stock notification and re – ordering options.
• Purchase Order Management through creating, editing and managing orders and automatically updating inventory.
• Pricing Management by providing a space to manage every transaction and expenses along with different currencies for various locations, and product types.
• Management of Shipping through automatically fixing rates according to location and providing various shipping methods.
• Batch and Expiry Tracking through a glance into tracking of the batch, when it is sold and what is sold and the quality.

Management of Customer Relationships

Providing customer satisfaction is the most crucial thing to do in a small business. This area will offer you tools that will help you to know your customers better so as to aim at raising their satisfaction. The area focuses on –

• Fulfillment of Order by summing up inventory, channels and location and increasing stock which further helps in boosting the process.
• Inventory Reports provide you data and stock reports that tell you about the goods that are demanded the most and hence giving limelight to customers’ needs and wants.
• Generating Sales Reports to comprehend the type of purchases made and generating reports on the basis of location, product, channel and much more to raise revenue.
• CRM Technology that helps to sum up all data at one place. It allows you to access customer’s journey and gives you a look into the demands of the customers.

QuickBooks Commerce : Pros and Cons

Every platform has its own advantages and disadvantages and it’s usually advisable to enroll for anything after looking at pros and cons to ensure optimization and no waste of your money. QuickBooks Commerce allows you to have a 14-day free trial before spending your money to get a brief of what the platform offers. Therefore we provide you below with some pros and cons of the e-commerce platform.

Pros 

• Convenient to use.
• Preferred for multi product based businesses.
• Integrates all data at one platform.
• Generates reports automatically to give specific daily insights.
• Offers several plans according to your budget.
• Lets you peep into the buyer’s journey along with your sales journey.

Cons

• Shows Poor Customer Support sometimes.
• Difficult to use at the beginning.

Since it doesn’t have many cons, it can be said that the platform is suitable for the one who demands , yet, you can first try out the free trial to get an idea.

QuickBooks Commerce Vs QuickBooks Online

QuickBooks Commerce helps to control functions related to inventory, orders, and sales for various channels. Yet, on the other hand, if you want to control your accounting, QuickBooks Online will assist you to do so. It will give reports of your income and expenses and overall performance.

Both QuickBooks Commerce and QuickBooks Online work hand in hand to provide you with the best efficient results and maintaining your bookkeeping at one platform.

Pricing Policy

The platform offers various plans according to the scale of your business. Let’s take a glance at the different pricing policies!

• Founder : This plan starts at $39 per month for one user and allows integration of 50 orders a month, a warehouse, shipping rates according to zone, different currency support, mobile sales app, basic CRM technology and integration of accounts.

• Lite : The plan costs $79 a month and allows access to two users with above said features and 300 sales per month.

• Small Business : Priced at $199 per month, the plan allows access to five users, with all benefits of the Lite plan and up to 3000 orders a month. It also provides B2B support, access to API, tools for accounts management, additional warehouse management, integrations of FBA and forecastings of demand.

• Premium : This plan costs $799 per month with all Small Business Plan’s traits and support upto 5000 orders a month along with multi language document use, set up assistance and much more.

Intuit offers a Pro option too to large scale enterprises, and the features and prices can be known by calling the team. You can get discounts too if you prepay for the entire year.

Read Also :- How to Restore QuickBooks Online Backup?

Working of QuickBooks Commerce

Using QuickBooks Commerce is an easy task. You just have to choose a plan as per your requirements and combine it with your current e-commerce platform.

The tutorials will show you the way and then QuickBooks Commerce will integrate with QuickBooks Online to manage your whole business. And it’s all done.

Now you can have access to multiple functions and all your bookkeeping at a single place with much ease.

Getting troubles integrating QuickBooks Commerce with your e-commerce platform? Why are we here? Contact us now!

The QuickBooks Support will help you to overcome any trouble and answer all your queries.

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