More than merely a necessity for compliance, keeping accurate records is the basis of every prosperous internet business. For this, many businesses use the well-known product QuickBooks. To manage payments on your WooCommerce store, you can also utilize it with WooCommerce.
This article discusses the various QuickBooks WooCommerce integration and how to set up a simplified accounting system for your online business using WooCommerce and QuickBooks.
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Types of QuickBooks Integrations
The most user-friendly accounting program, QuickBooks, works with practically all types and sizes of businesses. However, there isn’t a standard way to integrate it with WooCommerce.
Therefore, it is essential to negotiate the type of QuickBooks integration with your organization before starting the connection procedure.
The ideal solution would be simple to set up and would perform automated data synchronization between QuickBooks and WooCommerce. Customer accounts, invoicing, and inventories are just a few examples of the data.
Generally speaking, WooCommerce and QuickBooks connection comes in two flavors:
- One-Way Data Integration
- Two-Way Data Integration
One-Way Data Integration
When specialized data needs to be moved from WooCommerce to QuickBooks, one-way data integration is a great option for startups.
Although typically straightforward and inexpensive, this kind of integration is not scalable. You might need to look at the second type of integration because unanticipated use cases are inevitable.
Two-Way Data Integration
More data items are synchronized in real time between WooCommerce and QuickBooks when two-way data connectivity is used. This integration automatically updates WooCommerce and QuickBooks whenever it notices a change in the data. Two-way integration is scalable and may meet the expanding demands of an online business.
You must take into account a variety of things before choosing the best solution for managing your books. more specifically
- Data that QuickBooks keeps track of. This has an immediate impact on the type of QuickBooks integration you need.
- The selling places are: While some businesses only do online sales, others do so over a variety of channels, such as Amazon, eBay, etc.
- Your financial plan. Your money usually makes the final decision because different solutions give different options. Choose the option that best satisfies your needs and meets your budget.
The many integration possibilities for WooCommerce and QuickBooks will be covered in the section that follows.
WooCommerce QuickBooks Integrations Plugins
Let’s examine a few tools that facilitate the integration of QuickBooks and WooCommerce.
Popular software for setting up integrations is Zapier. It builds a connection between two or more platforms to enable automation and data sharing.
You may link QuickBooks Online to your WooCommerce store with Zapier’s QuickBook integration. Additionally, you can build more zaps to connect to programs like Mailchimp and Google Docs.
If you wish to use QuickBooks’ desktop version, you will need to look into other choices since Zapier only supports its quick editions.
Furthermore, one-way integration is supported. With Zapier, the free edition does not include QuickBooks Online connectivity. However, the Starter or Professional package, which starts at $24.99 per month, is available.
MyWorks is renowned for offering a broad selection of tools designed especially for WooCommerce. Additionally, they provide a top-notch tool for integrating QuickBooks with WooCommerce. The best aspect is that you may start out without paying and upgrade to premium plans as necessary.
MyWorks offers two-way interaction and works with WooCommerce without any issues. MyWorks interfaces with both the online and desktop versions of QuickBooks, in contrast to some of the other brands on our list.
MyWorks includes a two-way sync, real-time data sync, expense tracking, and payment support for managing expenses and refunds, among other things.
OneSaaS is a different package that combines QuickBooks with a number of other applications. The entry-level package is $23 a month. There is no free version available, but you can test the platform out for seven days without charge.
Products, orders, inventory data sync, fulfillment integration, billing and invoicing, email marketing, and CRM possibilities are among the features.
How to Integrate WooCommerce and QuickBooks
Choose one of the WooCommerce QuickBooks integration plugins now that you are aware of their existence.
MyWorks will be used for the stated objective.
To make it easier to combine WooCommerce with QuickBooks, My Works provides the free addon QuickBooks Sync for WooCommerce.
The steps are as follows:
- In your WordPress dashboard, go to Plugins.
- To install and activate the plugin, click Add New.
- Visit its dashboard to link it to your QuickBooks Online account.
For use of the plugin, a MyWorks account is required. Get the license code from MyWorks’ dashboard after registering to use the WooCommerce plugin.
- Write down the license code.
- Go to your WordPress Dashboard > Once you get the license code, enter it. Activated Plugins
- Learn about MyWorks Software’s WooCommerce sync for QuickBooks Online.
- Select Connection.
We have now successfully linked QuickBooks with WooCommerce. You are welcome to investigate further plugin capabilities like data mapping, managing data syncing, informative reporting, etc.
Why Do You Need An Accounting Platform?
Accounting software is necessary to successfully maintain your books, just as spreadsheets are necessary to keep your data organized and Asana is necessary to stay on top of your projects. When running an online business, a variety of use cases may arise. Accounting platforms like QuickBooks have the functionality to handle them all.
How Is QuickBooks Integration for WooCommerce Beneficial for Your Business?
WooCommerce-powered stores typically require a solution to deal with the expanding demands for bookkeeping. A properly executed accounting flow can ease the workload for your accountant and, if you’re handling the accounts yourself, it also assists you in conducting a thorough analysis of your financial data.
And Quickbooks aids in establishing such a fluid flow.
The seamless management of accounts, inventories, and finances for your eCommerce platform is ensured by the integration of QuickBooks with WooCommerce.
Additionally, it enables you to keep all of the crucial information, like sales, profit margins, receivables, cost of products, etc., in one location so that you can handle the data quickly and accurately.