On Wednesday, Oct. 19, during QB Talks, I will share insights on QB Commerce. This article will give you an inside look into the webinar topics.
While QB Commerce might seem mysterious, once you dive into it, you will see it’s quite useful. The Intuit team attended Appy Hour Camp and shared QB Commerce insights, leading a roundtable discussion featuring QB Commerce and the new features available.
I wanted to share with you some high-level insights on these new developments:
QuickBooks Sales orders are created for sales processed through the connected sales channel.
Each Sales order lists the details of the items sold. By tracking each sale, inventory can be managed inside QBO for businesses, which did not otherwise have an inventory management system.
Payouts are a culmination of sales refunds and fees. QuickBooks aggregates all the data and summarizes it. On the payouts tab, each payout and details are visible. You can click “See them here” to view the transactions if you want to review and confirm the payout.
Transactions also are visible by navigating to the transaction tab and choosing App transactions.
When payouts are confirmed, the transaction will appear in the reviewed tab with hyperlinks to the Sales receipt, Expenses and Deposits.
To learn more about QuickBooks Commerce, join me for the Oct. 19 QB Talks. CLICK HERE to register.
Liz Scott is a multi-business entrepreneur working to bring together technology and accountants through her business, Liz Scott Consulting. A member of Intuit Trainer/Writer Network, she authored and taught Master level courses, including Advisory Guides and Consulting Tools for Accountants. In addition to Liz Scott Consulting, she also owns Accounting Lifeline, a firm to serve small businesses with their financial needs. Liz is a co-host of the “Appy Hour,” which helps other accountants learn about the different tools and apps for small business needs. Holding a high passion for real estate investment, she owns properties throughout Oklahoma.
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