Learn how to streamline and automate your accounting with our new directly integrated solution.

Every sale matters. We know you know that (and we’ve seen how much you love checking sales on the go with ShopKeep Pocket), but we want to take this opportunity to focus on how each sale fits into the bigger picture of effectively managing your business. In this post, we are going to tell you about why you need to be on top of your accounting processes, how QuickBooks Online can help you with that, and why using ShopKeep’s QuickBooks integration is going to make your life easier and your business more profitable. That’s already the case for Michel from Nectar Bath Treats who had this to say about the integration: >While many applications claim to integrate efficiently with QuickBooks, very few actually do. ShopKeep’s account mapping was simple, and it was the only POS we’ve found to display screenshot examples on their website of the Journal Entries created in QuickBooks. The integration saves us a lot of time on our daily sales deposit reconciliation!

Already convinced? Learn how to get started here! Otherwise, read on.

Accurate Accounting is Critical to Success

Accounting is traditionally considered to be one of the most time-consuming, complicated, and unpleasant aspects of running a business. However, accounting is also one of the most fundamental and important things you have to get right in order to be successful. You can’t just leave things like appropriate tax payments, payroll, or cash drawer management to chance! Accurate records are essential to allowing you to get a full financial picture of your business’ health and make smarter decisions about how to spend your money to grow sales and profits. You can’t invest in that second coffee machine to improve efficiency or hire another salesperson to help more customers unless you know how all your money is being collected and spent. The best way to do that these days? Accounting software.

QuickBooks Online is a Powerful Accounting Tool

Modern accounting software takes much of the pain out of accounting processes either if you do your own books or if you work with an accountant or bookkeeper. QuickBooks Online is one of the best solutions on the market. QuickBooks Online is cloud-based, secure, and easily accessible from anywhere, just like ShopKeep! It is also highly customizable and intelligently tracks every single transaction, allowing you to run detailed reports on things like profit and loss, taxes, and much more. Finally, it syncs directly to your bank account so you can automatically reconcile payments at the end of every day. So yeah, it’s a pretty great accounting solution and it’s used by over 1 million businesses, which is why we’ve created a way for you to integrate it directly with ShopKeep!

ShopKeep’s QuickBooks Integration Saves You Time and Money

So how does ShopKeep’s integration with QuickBooks work and what’s so special about it? To start with, it’s all automatic, meaning no more manual reconciling, no more wasted time, and no more risk of error. We know that even importing and exporting CSV files takes time. That’s why every night after you close your shift, ShopKeep sends two journal entries to QuickBooks, one for the day’s sales and one for the day’s cash drawer functions. The sales entry offers critical department-level data, while the cash entry even includes the notes on every drop or payout, along with who did it. These journal entries give you your QuickBooks data in a batched format, rather than many other solutions which send over each transaction as it happens, creating a much busier view of your business in QuickBooks. Sounds pretty good, right? Better yet, when you get started, ShopKeep automatically suggests a preferred account mapping for easy setup if you’re new to QuickBooks. Already an old pro? You can customize your mapping so ShopKeep slides in seamlessly to your accounts. Ready to try it out? Click here to learn more about getting started with our 14-day free trial!

About the Author

Richard Berger translates his years of experience in the startup & small business world into helpful advice for small business owners. As Director of Product Marketing at ShopKeep point of sale, Richard has an unmatched understanding of POS system technology, and how it can be used to transform your business.