Course Description 

E-commerce has become the new normal. You can’t escape it! Nowadays, everyone is shopping online or paying for everything electronically.  Today more than 13% of ALL transactions in the United States are made online or go through an e-commerce based point-of-sale system, and it’s just going to increase from here.

If you’re in business today, it’s crucial that you know how to integrate e-commerce with your QuickBooks® Online, or you’re going to waste a lot of time and make a lot of financial mistakes. 

Whether you’re a crafter selling your creations on Etsy, or a retail store using Square as a point-of-sale system, you need a way of recording your income in QuickBooks Online...and do it without creating duplicated systems. 

QBO to the rescue! QuickBooks Online simplifies the process and has pretty much done the work for you.

Intuit has created three “Connect to….” app integrations that talk to your merchant services systems to import your PayPal, Square, and Etsy sales.

Some companies want to import every transaction with customer detail. Others only need a daily or monthly summary. We’ll explore the pros and cons of each approach and then demonstrate all three integrations so you can set them up on your own.

Importing your sales from e-commerce websites and electronic payment methods into QBO has never been easier!

And if these apps aren’t right for you, we’ll also explain clearing accounts, a simplified “sledgehammer” approach to e-commerce bookkeeping. We'll also talk about what to do with transaction fees!

Whether you’re just starting to sell online, or you’re a seasoned pro that just wants to make their process a little more streamlined, this course is for you!

 After completing this course, you will be able to: 

• Connect common payment gateways to QBO
• Decide to import individual transactions or daily summaries
• Use clearing accounts for bulk entry
• Understand how to manage merchant fees

What You’ll Learn 

• PayPal and Square vs. QuickBooks Payments to receive money
• Why Venmo isn’t a good idea
• Managing transaction fees
• Do you want to bring in every transaction or a summary?
• Do you want to bring in every customer name, or put all sales under each channel?
• The Connect to PayPal integration
• The Connect to Square integration
• The Connect to Etsy integration
• Connecting to Venmo
• How to use a clearing account for minimal management