Most accountants would agree that there are few systems that come close to matching the power and effectiveness of QuickBooks Online. Its long list of features allows its users to complete important tasks and duties, such as accounts payable, accounts receivable, and bank reconciliations.
However, Fusion CPA's e-commerce accounting experts would argue that the most impressive aspect of QuickBooks Online is its ability to seamlessly integrate and merge with other platforms. This is particularly true for companies who sell their products online - since it allows them to take advantage of Webgility's QuickBooks Online integration capabilities. If you operate an e-commerce organization, you will find that a Webgility integration can help you in the following ways:
Improved Decision Making
As a business owner, you have to make tough decisions every day. Should you buy that new delivery truck? Should you hire that new employee? Of course, before you make these tough calls, you should always take a close look at your financial reports. After all, you don't want to spend money that you don't have.
However, your financial data can only help you make your decision if it is accurate and up to date. Inaccurate or old information is only likely to lead you astray. With this in mind, our Atlanta e-commerce CPAs strongly suggest integrating Webgility with QuickBooks Online if you sell products online. It automatically feeds your key sales data into your accounting system - helping you to feel confident that your numbers are accurate.
When your e-commerce company makes money, the IRS and local tax authorities will inevitably want their slice of the pie. For most businesses and their owners, this means paying estimates throughout the year and a final tax bill at the end of the year.
The last thing you want to do, however, is pay more in taxes than you have to. Our Atlanta e-commerce/retail tax experts believe that the best way to ensure that you aren't paying too much is to carefully analyze your financial records. Systems such as Webgility can help to ensure that your records are as up to date and accurate as possible. When you can be confident in the accuracy of your records, you can be confident that you are not paying too much tax. Of course, if you need assistance analyzing your reports or your tax paperwork, our team of knowledgeable CPAs are always available to help.
This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.