The additional capabilities intend to help small businesses manage their inventory across sales channels from one, central platform. QuickBooks’ ecommerce features are designed to replace traditional methods for tracking inventory, including spreadsheets, to enable businesses to have more confidence and less manual work. The company’s decision to introduce the new capabilities before the holiday season is based on data that shows customers plan to spend 35% more compared to the previous holiday season. Also, 50% of this year’s holiday budget is expected to be spent on small businesses.
Automatic sync of product, orders, inventory, and payout data without manual entry work and automate invoicing when orders are placed across Shopify, Amazon, and eBay to QuickBooks Online;
Identification of top-performing products by syncing commerce data to QuickBooks online and learning how sales are trending across channels;
Management of stock adjustments individually or in bulk to ensure inventory quantity is accurate;
Automatic notifications when inventory is low and the ability to create purchase orders to replace stock;
Cost tracking for goods and business expenses, as well as accurate reports for understanding profitability.
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