The two companies announced the news earlier this month, saying that Shopify, which currently has more than 200,000 merchants, will become integrated with Quickbooks Online. The joint partnership is designed to enhance the accounting experience for merchants, allowing them to add transactions, create invoices, and update their financial information from a single convenient location.
When speaking to reporters, Intuit’s Matt Kanas referred to the partnership as being an “important component” of Intuit’s commitment to fostering the success of small-to-medium-sized businesses in Canada. Of course, Shopify has its roots in Canada, with the company being founded in 2004 by Tobias Lutke in Ottawa, Ontario. It initially began as a small, in-house platform for Lutke and his team to use to sell snowboards, but Shopify soon grew into something much larger.
Today, Shopify remains one of the world’s leading platforms for e-commerce and online retailers. Using the software, business owners can create fully functional online stores through which customers can purchase their products.
So, when can you expect to see Quickbooks Online offering support for Shopify transactions? There’s still no official word yet on when the changes will be made, although it’s safe to assume it will happen within the next year. Once the changes have been made, Intuit says that all transactions made in the user’s Shopify account will be automatically transferred to their Quickbooks Online account, allowing for seamless accounting that minimized errors while improving efficiency and overall productivity.
“We are excited to be partnering with QuickBooks Online to provide the tools and resources small and medium-sized businesses need to handle all of their accounting needs efficiently,” said Harley Finkelstein, Shopify’s chief platform officer. “Many of our merchants are not necessarily experts on bookkeeping, which is why this integration is so important to their success.”
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