Marssos Ltd is a designer bracelet company that is based around ‘little sparks of inspiration’ and so Busy Bee Business Solutions connected with the company as soon as Kristo from Marssos approached us for some help on the financial side of his e-commerce business. Like Kristo’s ethos, we believe that a cloud based system such as QuickBooks Online or Xero can help a business reach its full potential, given the set up and organisation is thought about carefully and inspirationally.
The e-commerce industry can be a minefield with various revenue streams from numerous portals. Whether you use Shopify, BigCommerce, Amazon, Not On The High Street, Etsy or other platforms, bookkeeping can become a little tricky.
Manually entering the data can be time consuming and is open to human error so there are a number of applications that help with the process of entering the relevant data .into the likes of cloud based bookkeeping systems such as QuickBooks Online or Xero. Automating the data input can save huge amounts of time and is definitely worth considering as the accuracy levels will be higher. Below are a few apps that have worked well for our e-commerce clients:
OneSass
OneSass has many integration options for various e-commerce platforms. Their customer service is second to none and whenever we have had to contact them at Busy Bee Business Solutions they have got back to us faster than light! Their pricing starts from £14 per month for up to 1,200 transactions for the year and their pricing is clear and concise if the volume of your transactions increases over time as your business grows.
Primaseller
This ‘middleman’ app allows you to control all of your sales outlets from eBay, Amazon, Shopify in Primaseller itself. This means you can control orders in one place rather than being logged into various back offices and then these orders get imported into the likes of QuickBooks Online or Xero. It even goes as far as being able to integrate your shipping providers such as DPD or FedEx in the same app. Even better, it allows a 14 day free trial for you to see what you think.
PayPal
Link your PayPal account into your bookkeeping system! Like a standard bank connection, QuickBooks Online and Xero also allow you to connect your PayPal account so every transaction is imported automatically with a regular update of the feed. Our advice is to set up some simple bank rules for the fees that are incurred and an integration with the likes of OneSaas or similar will allow the bookkeeping system to detect a match with an automated, imported sale transaction. All you need to do is match the two together - it’s as simple as that.
Setting up a bookkeeping system around an e-commerce model can be time consuming but once you have the process in place and under control, going forward most of your financial data looks after itself in your cloud accounting system. At Busy Bee Business Solutions, we understand that not everyone is confident enough to set up such systems so we specialise in creating a system that works for you and your company. Get in touch with us today if you are needing a little ‘inspiration’ for your bookkeeping methods.
07473 209992 or emily@busybeebusinesssolutions.co.uk
(Thank you to Marssos Ltd for the inspiration to write this blog: https://marssos.com/)
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