BigCommerce accounting integration is one of the first considerations so that any company can save an amount of time and operate their store in the most efficient way.
Currently, replacing some discrete programs or systems can help eliminate or separate books and records for ordering, costing, and other management accounting purposes.
What is eCommerce accounting integration?
E-commerce accounting integration is combining major financial accounting functions into one application. This integration will help you easily manage financial operations with a lot of standout features.
According to TrustRadius, since the beginning of 2020, 57% of traffic to the Accounting software category is the small and midsize companies( 1-1000 employees) and 43% is enterprises(1000+ employees). Although accounting software has many advantages, only 50% of businesses use accounting software. The average cost of it is rather high( 96$/ month), according to Softwarepath.
When you use craft bookkeeping, it takes you a lot of time to complete your work. In addition, accounting and tax mistakes can be costly, wasting you amounts of time to back in the first step. Therefore, The perfect way to speed up bookkeeping while maintaining accuracy is by using accounting software.
Accounting integration provides the information related to the cost of each product, operation as well as captures entire information about the profit and loss of your business.
Besides, accounting integration can be used to estimate, report, and monitor a business’s job costs. Here are some core features of eCommerce accounting integration:
- Billing and bookkeeping
- Purchase orders
- Stock inventory
- Accounts receivable and accounts payable ledgers
- Bank reconciliation
- General ledgers
Besides the above features, this system also provides some other features such as electronic payment processing, debt collection, payroll and timesheet management or value-added taxation, etc.
Benefits of eCommerce accounting integration
Ecommerce accounting integration will give your business a range of benefits that you can focus on running your business without wasting a lot of time on accounting.
Save Time and Reduce Financial Mistakes
The main benefit of eCommerce accounting integration is that information is entered once and shared with other modules. Otherwise, one information database is used by all applications.
You do not need to re-enter data from one system to another, which helps you to reduce the likelihood of human error and eliminate the need to reconcile various ledgers and functions.
Your finances are always up-to-date and complex accounting operations are performed automatically just by processing the orders.
Clear Financial Reporting
Additionally, all of your finances will be in front of you in charts and graphs that help you visualize bookkeeping information. This clarity helps you fully understand your business’s financial statements at any time.
Collaborate Between Departments
Cross-departmental collaboration is good for any business as well as bookkeeping. Hence, When your business finances access to sales, marketing, payroll, inventory, etc; that helps everyone work together easily to most efficiently make the right decisions for the management of company finances.
How to integrate BigCommerce with accounting software?
The BigCommerce e-commerce platform does not come with accounting software built-in; instead, your business has to integrate the accounting software with BigCommerce. The connection with BigCommerce will help the software promote its full potential.
There are two ways to integrate BigCommerce eCommerce platform with accounting software: integrating directly with available accounting software and integrating indirectly with external accounting software by intermediate integration platform.
Integrate BigCommerce with available accounting software
Here are three steps to integrate BigCommerce with available accounting software:
- Log in to your BigCommerce store or sign up for a free trial
- From your BigCommerce control panel, go to Settings > Accounting.
- Install the accounting app with one click.
Integrate BigCommerce with external accounting software
With external accounting software that cannot be directly integrated, businesses need to integrate by middleware. Hexasync is ideal as a BigCommerce connector that businesses can integrate with accounting software.
Hexasync is a middleware providing data-integrity protection measures, as well as a cell-based mapping in order to ensure a reliable synchronization between BigCommerce and accounting applications.
Our solution is capable of synchronizing all your data, with customizable handlers allowing better visibility of your customer’s order status.
In addition, Hexasync uses the EAV design pattern which allows for more flexibility in data modeling. It also simplifies the coding of detached applications and provides better performance, reliability, and scalability.
Best accounting software for BigCommerce
In order to integrate Bigcommerce with suitable accounting software for your business, there are some of the best BigCommerce inventory apps below that you can choose:
BigCommerce Intuit QuickBooks is a small business accounting software that is easy to track and organize your financial information for your business, eliminating manual data entry.
This software automates your tasks such as bookkeeping, invoicing, time tracking, Value Added Tax (VAT) management, budgeting, bank reconciliation, and inventory management.
The BigCommerce QuickBooks product line includes several solutions that are perfect for anyone, from a freelancer to a midsized business. You can try BigCommerce QuickBooks Online for free with a 30-day trial that doesn’t require a credit card.
There are two options including a cloud-based online program and a traditional desktop program that you can choose which is better for your business.
Even for business owners and users who lack financial or accounting backgrounds, QuickBooks is generally considered easy to use and understand by BigCommerce QuickBooks integration.
The benefits of Intuit QuickBooks
- QuickBooks makes tax preparation easy and is suitable for those who are inexperienced in preparing tax information to pass over to a bookkeeper or accountant.
- Intuit consistently releases improvements to the software through subsequent versions and has some categories of the QuickBooks software that caters to the solopreneur up to enterprise-level businesses.
- This software is full of shortcuts so a business can save time and effort. Moreover, QuickBooks is attentive to ratings and feedback as well as focuses on customer suggestions.
- Financial data is always safe and secure due to automated backup. Besides videos and articles from Intuit, several QuickBook tutorials are available in video and textual format.
Xero BigCommerce Integration
Xero Accounting Software is a Cloud-based accounting platform designed for small and growing businesses. It connects your business with trust advisors and gives you instant visibility into their financial position.
It can be accessed with your devices from any location provided you have an active internet connection, making for a smarter and easier accounting process, with a lot of features such as cash flow tracking, payment processing, bank reconciliation, expense tracking, inventory management, financial reporting, and more.
This software allows you to view your cash flows, account details, and transactions from any location. Bank transactions are imported and coded automatically.
Moreover, it has an online bill payment feature that helps your business manage your spending and know your bills due as well as maintain a good relationship with your partners.
BigCommerce Xero is an alternative to QuickBooks. It is modern accounting software that lives in the cloud and can also be integrated with a variety of data sources including Bill.com, ADP, and Vend. It has a 30-day free trial period that you can test and evaluate its features.
The Benefits of Xero
If you plan to be a global entity because there needs to be an easy currency conversion, Xero is perfect for your business. It has a handy automated converter built right in.
Instead of sitting down to manually import bank statements, you can set up a bank feed for Xero to do it all. It helps you save time by automating your bank feed.
The third significant advantage of Xero is user-friendly. A lot of Xero users have found that even without in-depth accounting knowledge, BigCommerce Xero is easy to use.
In addition, Xero can easily integrate with other programs and software.
This software’s pricing system is easy with a three-tier pricing system and nothing is hidden away that includes Starter, Standard, and Premium 10 packages.
Sage Accounting is a cloud-based small business accounting software providing essential bookkeeping and accounting features, comprehensive reporting, and inventory tracking.
With tons of features, the types of Sage will make the job simpler in choosing the right software.
There are many types of Sage accounting software such as Sage Business Cloud Accounting, Sage 50 cloud Accounting, Sage 200, Sage Time sleep, etc. You compare various options and decide the right choice for your business
Additionally, Sage provides other accounting software products such as Sage Intacct, Sage 500 cloud, and others. For easier and faster use, BigCommerce Sage integration is the best solution for your business.
The benefits of Sage
The first benefit of this software is comprehensive reporting. Sage offers solid reporting features, extending beyond the basic financial statements (profit and loss statement, cash flow statement, general ledger).
You can create a chart of accounts, 1099 vendor or sales tax reports, and accounts receivable aging reports with the entry-level plan.
The second one is inventory tracking, inventory tracking is a useful feature of accounting software for product-based businesses.
However, Sage does not include inventory tracking with the Accounting Start plan. It is included with the Accounting plan — at $25 per month.
You can add your products, organize them into categories, customize their prices.
Besides, you can track quantities, set stock re-order levels, receive out-of-stock notifications, generate reports on your best-selling products and add services or actions that you buy or sell to customers.
The last benefit is unlimited users with the Sage Accounting plan. You can create several user accounts without paying additional fees.
This plan provides unlimited users, with five user role options. You can customize your user’s access levels, designating the permissions you want them to have based on the different sections of your account.
FreshBooks BigCommerce Integration
FreshBooks is an invoicing and accounting software that is easy to use. It comes with a lot of features such as online payment acceptance, time tracking, collaboration, automation. Others provided users with modern tools and workflow that save time, promote accuracy, and improve efficiency in their day-to-day business.
It is highly accessible and secure enough for sync and integration with banks, payment centers, and other cloud productivity apps.
FreshBooks is suitable for freelancers, entrepreneurs, and small business owners and their teams. Some of the customers that gain the most value are designers, marketing agencies IT professionals, web professionals, and others.
This software is specifically designed and developed for business owners who do not have the time to learn or re-learn accounting. Therefore, it gives you more time to focus on your business and get less hassle from their accounting systems.
The benefits of FreshBooks
One of the biggest advantages of FreshBooks is easy invoicing. It has the ability to:
- create recurring invoices send invoices via email, accept online payments
- customize an invoice layout that helps you easily track payments and invoices.
Next, Most businesses face trouble in calculating the overall time spent on specific projects. With FreshBooks, you can eliminate this problem. Besides, this accounting software has a dynamic time-tracking feature, which allows managing every minute and payment by project.
One of the main reasons why many businesses choose Freshbooks is that it has a simple, easy-to-understand, and intuitive interface.
The next benefit of this software is Integrated Payment Processing Options. FreshBooks has an automatic PayPal integration feature that one does not have to go through the hassle and complicated process of manually setting up PayPal via Simple Port or PayPal Payment Request Wizard.
For companies that have moved beyond Paypal or processed more transactions and are not willing to pay the higher PayPal fees, FreshBooks allows an option for direct merchant account integration.
Moreover, FreshBooks allows you to pay your staff accurately. This software has a feature that allows employees to enter their time using the simple mobile app. Thus, FreshBooks wonderfully synchronizes the payroll expenses, allowing you to calculate your employees’ payroll within a few seconds.
Finally, FreshBooks Accounting Software has cheaper packages than other accounting software. There is a “forever free” option that although limited in features; however, is a great place to start for smaller businesses.
Netsuite is an all-in-one cloud business management solution. It helps your business operate more efficiently by automating core processes and providing real-time visibility into operational and financial performance.
With a variety of features such as managing accounting, order processing, inventory management, production, supply chain, and warehouse operations; Netsuite will give you clear visibility of information and control of your business.
Netsuite simplifies the process of accounting operations such as recording transactions, collecting taxes, and greater control of financial assets. You can quickly drill into details to resolve issues and disclosures to comply with multiple regulatory financial compliance requirements.
The benefits of Netsuite
Firstly, you can work more effectively by automatic core processes and getting real-time insights into operational and financial performance. Thus, it helps you improve financial operations efficiently and save a lot of time.
Netsuite can also increase accounting accuracy, eliminate duplicate data entry and inefficient spreadsheets. Furthermore, it optimizes the supply chain and controls the flow of products across the value chain from suppliers to customers.
Finally, you can manage your orders simply, streamline order management and procurement processes. It helps increase warehouse efficiency, and optimize the put-away process and reduce picking errors.
In conclusion, Integration between BigCommerce and accounting software will help your business take advantage of the full functions in the accounting software. Your business will save time and money to focus and promote maximum its main business operation.