Quickbooks Tradegecko Integration
Sync QuickBooks And Tradegecko | Connect QuickBooks With Tradegecko | Link QuickBooks And Tradegecko
QuickBooks Commerce (formerly tradegecko) is a highly developed inventory and order management system software which allows retailers and wholesalers to take maximum control of their accounting and commerce operations. This software platform offers advanced workflow solutions and uses multiple e-commerce channels and is growing their marketplace.
It integrates appreciably with QuickBooks Online to allow automate accounting processes, multiple currencies and e-Commerce channels, and manages multiple warehouse locations, which helps business owners in concentrating on running their business.
QuickBooks Commerce (formerly tradegecko) automatically synchronizes stock purchases, cost of goods sold, income/sales, inventory values, purchases, and payments, with QuickBooks Online. Whenever a sales order gets finalized and invoiced in Tradegecko, the total amount on the invoice is instantaneously pushed to QuickBooks and creates an invoice for payment. The methodology of workflow is similar for purchase order. After creating an Active Purchase Order in Tradegecko, a bill is instantaneously integrates to QuickBooks Online account. In addition, tax settings are imported directly into TradeGecko to make sure that user’s records in both QuickBooks and TradeGecko are correctly synced.
Integration of QuickBooks Commerce (formerly tradegecko) and QuickBooks Online
Before going for integration set-up process, users are supposed to ensure that certain accounts exist in their account with QuickBooks. It is because these accounts are essential for QuickBooks Commerce to push data into the correct accounts. It should be noted that this integration is not supported in India and France.
Step 1: To Create Ledger Accounts In QuickBooks
Users should click on the Accounting Tab, from the sidebar on their left and their ‘Charts of Accounts’ will get displayed. It is highly recommended that for each account Category Type, users will have to fill in the field for Detail Type.
To Create your Sales Tax
Before integrating with QuickBooks Commerce, do set up your Sales Tax in QuickBooks. Users should click on the Taxes tab, from the sidebar on their left, and then ‘New Tax’ to create a new Tax Record.
Step 2: To Connect QuickBooks with QuickBooks Commerce
For connecting QuickBooks with QuickBooks Commerce, do navigate to your QuickBooks Commerce account. Now, click on Browse Apps, from your main navigation bar and then select the ‘QuickBooks Online’ application and follow the instructions for installing it.
Users will be directed to an authorization page. After successful authorization, users can share their data with QuickBooks Commerce. After successful importing of data, user’s page will be refreshed and will direct them to start the installation process.
Step 3: To Set up Ledger Accounts in QuickBooks Commerce
Thereafter, do click on ‘Connect Now’ to pull in all the account ledgers that have been created earlier into QuickBooks Commerce. On the flip side, if users have not set up any account ledgers in QBO then they should select ‘No, I don’t’ and default ones will be created for them.
Subsequently, start linking your ledgers.
- From QBO account, users should connect field Sales – Product Income with the drop-down option labeled as ‘Income or Sales‘
- Similarly, from the drop-down options, do connect the field Purchases with their ‘Purchases Account’
- Do connect the field for Stock on Hand to ‘Inventory Asset’.
- Do connect the field Cost of Goods Sold with the account for ‘Cost of Goods Sold’.
- Do connect the field Payments with the account for either your ‘Bank’ or ‘Credit Card’.
QuickBooks Commerce provides four types of Payment Methods by default and they are: –
- Credit Card,
- Paypal, and
- Bank Transfer.
Step 4: To Set up Tax Types in QuickBooks Commerce
Users are supposed to follow the given instructions to up their tax types by matching their existing QuickBooks Commerce tax Types to the Tax Types, existing in QuickBooks Online. By clicking on ‘Import Tax Types from QuickBooks Online’, users can directly import it from their QuickBooks account, if they are setting up their QuickBooks Commerce account for the first time and they don’t have their tax setup.
Step 5: To Link Stock Adjustments in QuickBooks Commerce
Users have to link every stock adjustment reason to the designated ledger account on this screen, if they want to track manual adjustments like Damaged or Promotion.
Step 6: To Set up Variant Sync in QuickBooks Commerce
After successfully finishing setting up Tax Types, users will be asked a question on how they will track inventory stock. Do click on ‘Continue’ and move on to the variant sync process. After selecting the preferred option, users will view a summary of how their products will sync between QuickBooks Online and QuickBooks Commerce.
After successfully completing the setup process, users will be getting a successful integration notification message within QuickBooks Commerce. It will begin automatic syncing of new invoices which are created in QuickBooks Commerce, over to QuickBooks. In addition, QuickBooks Commerce will also create relationships in QuickBooks Online and separates the relationship into suppliers and customers.
It completes the successful integration process between two apps and users can now enjoy the benefits of automated workflows.
Now You Are Done with Syncing QuickBooks and Tradegecko