Intuit Partners with Shopify to Automate Bookkeeping for Online Retailers
March 12 2015 - 8:30AM
Business Wire
QuickBooks Online Emerging as Global
Platform of Choice for Small Business Management Solutions
Intuit Inc. (Nasdaq:INTU) is delivering a seamless integration
between QuickBooks Online and Shopify, a leading commerce platform
that allows anyone to easily sell online, at their retail location
and everywhere in between. The integration will allow Shopify
merchants to automatically update and transfer accounting data,
freeing time for business owners to focus on growing their
business, not managing the technology behind it.
“Delivering a seamless integration between QuickBooks Online and
Shopify makes it easy for businesses to automatically reconcile
sales data,” said Avi Golan, vice president and general manager of
the Intuit Developer Group. “This is the latest example of how
we’ve turned QuickBooks Online into the world’s leading small
business cloud platform, delivering an ecosystem of integrated
tools and services. We want to empower business owners to spend
less time balancing the books and more time focused on what they
love about running their business.”
Highlights of the integrations include:
- Seamless Data Updates:
Eliminates the need for manual reconciliation of sales deposits,
bank fees and sales tax. All ecommerce transactions, including
sales and refunds, flow into QuickBooks Online with no extra work
required.
- Improved Sales Transaction
Accuracy: Automatically aggregates sales data into QuickBooks
Online, giving business owners a more accurate picture of their
finances and eliminating any data entry errors.
- Better Business Performance
Insights: Provides QuickBooks Online users with an up-to-date
view of business performance; lets them generate key reports, such
as profit and loss, cash flow and balance sheets at the click of a
button.
Through the partnership Shopify has been selected as a preferred
commerce provider for existing and new Intuit customers.
“We are excited to be partnering with QuickBooks to provide the
tools and resources needed for small and medium-sized business to
efficiently handle all of their accounting needs,” said Harley
Finkelstein, chief platform officer at Shopify. “Many of our
merchants are not necessarily experts in bookkeeping. That is why
this integration is so important to the success of their
businesses. It’s seamless, efficient and simple, allowing them to
focus on their stores.”
Priority access to QuickBooks Online powered by Shopify will be
available to the company’s 150,000-plus merchants, who sell online,
in physical retail locations and on the go.
QuickBooks Payments is available now for new and existing
Shopify merchants. The QuickBooks Online integration will be
available within the coming months. For updates on the integrations
and to register for early access, sign up at
http://www.shopify.com/quickbooks.
About Intuit Inc.
Intuit Inc. creates business and financial management
solutions that simplify the business of life for small businesses,
consumers and accounting professionals.
Its flagship products and services
include QuickBooks®, Quicken® and TurboTax®, which
make it easier to manage small businesses and payroll
processing, personal finance, and tax preparation and
filing. Mint.com provides a fresh, easy and intelligent way
for people to manage their money, while Demandforce® offers
marketing and communication tools for small businesses. ProSeries®
and Lacerte® are Intuit's leading tax preparation offerings
for professional accountants.
Founded in 1983, Intuit had revenue of $4.5 billion in its
fiscal year 2014. The company has approximately 8,000 employees
with major offices in the United States, Canada,
the United Kingdom, India and other locations.
About Shopify
Shopify is a commerce platform that allows anyone to easily sell
online, at their retail location, and everywhere in between.
Shopify offers a professional online storefront, a payment solution
to accept credit cards, a point of sale system to power retail
sales and a card reader to process credit card transactions through
a mobile phone. Shopify currently powers over 150,000 retailers in
150 different countries, including: Tesla Motors, Budweiser,
Google, Wikipedia, LA Lakers, Sundance Film Festival and many more.
http://www.shopify.com.
Intuit Inc.Steve Sharpe,
650-224-2362stephen_sharpe@intuit.comorAccess CommunicationsJen
Garcia, 415-844-6244jgarcia@accesspr.com
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