Amazon Categorization and Reconciliation Easier for QuickBooks Online Small Businesses

Intuit has just announced a new integration between QuickBooks and Amazon Business. The new integration for QuickBooks Online with Amazon Business allows small businesses to automate purchase reconciliation and categorization when using Amazon Business. Amazon Business purchases will be automatically imported into QuickBooks, with data is refreshed multiple times per day.

Purchase details, including item descriptions, costs, and fee breakdowns for each transaction, will be included automatically, significantly reducing the need for manual data entry.

Additionally, the integration between QuickBooks and Amazon Business also helps business owners better categorize and understand their business expenses while eliminating the need to go back and forth between QuickBooks and Amazon Business to match up purchases. Each item bought through Amazon Business can be categorized separately and matched with bank transactions in QuickBooks. Returns item transactions importing into QuickBooks automatically for review.

Amazon Business provides easy access to hundreds of millions of products and various benefits, including business-only pricing and selection, single or multi-user business accounts, Business Prime, approval workflow, purchasing system integrations, payment solutions, tax exemptions, dedicated customer support, and more. Amazon Business is currently available in the United States, Canada, United Kingdom, Germany, France, Italy, Spain, Japan, and India. To register for a free Amazon Business account or for more information about Amazon Business, go to the www.amazonbusinessblog. [Note: To set up a free account from the Blog page select 'Work with us' on the top menu offerings, then select your appropriate Business size: Enterprise  or Small Business, and proceed from there.]

“Small businesses are increasingly looking for ways to manage their business while reducing time seamlessly; it takes to do so. This integration allows both small businesses, and the accountants who serve them, to better manage a business owners’ purchases and overall books,” said Rajneesh Gupta, vice president, global enterprise partnerships at Intuit. 

Once small businesses have connected the Amazon Business account to their QuickBooks Online account, they can locate transactions by navigating to the Banking tab and selecting the App transactions sub-tabs.

You can connect your Amazon Business and QuickBooks Online accounts or learn more by first reaching out to this official Intuit website. You can also get additional details from this Intuit Self-Help Article.

Insightful Accountant will bring you more details about the Amazon Business Purchases Integration for QuickBooks Online in a future presentation.

Note: Some images used in this feature are displayed directly as provided by Intuit, others may have been modified from the source material Intuit provided.  Some source content adapted from Intuit's 'In the Know' QuickBooks Online Monthly Webinar of September 17, 2020.