Track your finances directly in Seller Central with QuickBooks Online
You can now use QuickBooks Online directly in Seller Central to bring your financial data into one place, helping you track your Amazon business performance alongside your other sales channels.
You can use this embedded app to view profit and loss trends, track performance changes across sales, fees, and expenses, and see your payout details with transaction breakdowns for all of your sales channels. You can also monitor your inventory levels to make sure your products stay stocked.
If you’re a first time QuickBooks user, you’re eligible for a free three-month trial. To connect QuickBooks Online to your Seller Central account, go to QuickBooks | Business profitability insights.
To learn more about embedded third-party apps, go to Embedded third-party apps.
Track your finances directly in Seller Central with QuickBooks Online
You can now use QuickBooks Online directly in Seller Central to bring your financial data into one place, helping you track your Amazon business performance alongside your other sales channels.
You can use this embedded app to view profit and loss trends, track performance changes across sales, fees, and expenses, and see your payout details with transaction breakdowns for all of your sales channels. You can also monitor your inventory levels to make sure your products stay stocked.
If you’re a first time QuickBooks user, you’re eligible for a free three-month trial. To connect QuickBooks Online to your Seller Central account, go to QuickBooks | Business profitability insights.
To learn more about embedded third-party apps, go to Embedded third-party apps.
9 replies
Seller_lCX40xAkSs1xm
.....why so Amazon can drain us of our last dime by seeing exactly how much money we make?
LOL
Seller_xo4Akj7FBBnfC
Copying and pasting your monthly income and expenses into QuickBooks, as outlined in this post, is pretty straightforward. If done correctly, your monthly entries will match your full-year Summary Report to the penny, which makes errors easy to spot at year-end.
We don’t have firsthand experience with this new QB Seller Central feature, but we’ve seen enough others (e.g., inventory tracking) become so painful to use that we’ve had to build our own Excel workarounds. As a rule, we don’t adopt new QuickBooks features unless our trusted CPA specifically recommends them.
Once a QuickBooks feature becomes embedded in your business processes, getting rid of it later can be disruptive and expensive. Given Intuit’s history of aggressive license fee increases, our level of trust is limited, so we’re cautious about becoming dependent on any new QB feature.
Seller_LVZcgxAgZ2xBv
Warning to any US business owner signing up for Quickbooks Online, using the Seller Central integration or on your own: Intuit will relentlessly jack up the price on your subscription every year or two, usually by 25%-50% a pop. So, whatever your rate is in the first year, assume it will be 2x-4x five years from now.
If you are working with a CPA, ask them if there are any less costly alternatives to QBO that they will work with. There ARE alternatives. Failing that, ask them if they can downgrade to a lower tier of QBO.
Seller_GAiUonyfwXXgR
@News_Amazon
However, we have some important practical questions that aren‘t covered in the brief announcement or the linked pages. Hoping the community or anyone who has tried this can share insights:
1. Pricing Clarity: The announcement mentions a 3-month free trial for new QuickBooks users. After the trial, what is the exact monthly/annual subscription cost we will incur through this Amazon-integrated offering? Is it a special rate, or does it default to standard QuickBooks Online (e.g., Plus plan) pricing? Are there any additional fees from Amazon for using this embedded app?
2. Data Export & Reporting Specifics: A key need for us is seamless tax preparation and financial reconciliation.
Can this integration directly export or replicate the detailed Amazon Tax Calculation Reports (the monthly transaction reports we download for VAT/GST/income tax filings)?
Can we customize the chart of accounts to match Amazon‘s fee types (e.g., FBA fees, commissions, refunds, advertising costs)?
