With QuickBooks Commerce, users can manage inventory, track sales and expenses, and prepare financial reports using an intuitive interface.
Here is a step-by-step guide for setting up QuickBooks Commerce in QuickBooks Online:
How to access QuickBooks Commerce
To begin, you will need to sign in to your QuickBooks Online account. Choose the Commerce tab in the left navigation panel.
- From the menu, select the Commerce tab
- Select Go to QuickBooks Commerce to connect both accounts
Configure QuickBooks Commerce
When you connect to QuickBooks Online, you will see a checklist of tasks to set up QuickBooks Commerce. Your following tasks are listed below.
Set up sales tax in QuickBooks Online — If you have not already, you will need to set up sales tax in QuickBooks Online to sync your transactions to QuickBooks Commerce.
Add products — There are three ways to add products to QuickBooks Commerce:
* Connect to an e-commerce store (recommended if you have a sales channel)
* Manually add products (recommended if you only have a few products)
- Click on the Sales tab
- Select Products and services
- Choose Inventory and enter product information
Import your products through CSV files
- Select the Sales tab
- Click Products and Services
- Select New
- Select Import
- Follow the Import Wizard
Ensure that your price lists are accurate—QuickBooks establishes three main price lists for every account: retail, wholesale, and buy. You can create more custom price lists that suit the needs of your business by selecting Create New Price List.
Review your locations—QuickBooks sets a Primary Location for every account. To change this or add new locations, select New Location.
And now for the fun part.
Once you have completed the basic setup, you can begin to explore QuickBooks Commerce.
On the overview tab, you will see the various widgets that can help you manage your sales, such as NET revenue per channel, orders per channel, and top-selling products.
During the October QB Talks, we will discuss QuickBooks Commerce in more detail. I look forward to seeing you there.
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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