StoreHub x Quickbooks Partner Up To Simplify Accounting for SMEs
Over the past 6 months, we’ve been testing an integration with QuickBooks Online with a closed group of customers. We’re happy to finally announce that we are now opening up this integration to all our customers.
If you’re not familiar, QBO is the leading Accounting System in the world, listed on the NASDAQ(INTU) with a $26B Market cap.
StoreHub has partnered with QBO to bring a GST-Ready cloud-based accounting solution that is awesome for retail and F&B businesses in Southeast Asia!
Update 2018: With the abolishment of GST, the QBO X StoreHub partnership is now also SST-compatible!
We love it to bits and are customers of QBO ourselves! Check out this video that QBO made of uss
What does this mean for small & medium businesses like you?
- No more having to print end of shift reports manually and giving them to your accountant to key in
- Track your stock accurately in your accounting solution
So, how does this integration work?
When you close your end of day shift, a shift report is generated and sent to the StoreHub Backoffice.
We then send two sales receipts to QBO, one for cash sales and one for credit sales. We also include all products that were sold in these receipts. This means that your inventory stock value is automatically adjusted in the accounting system.
Your accountant can easily reconcile your payments with your bank statements!
That’s it. Super easy.
To get started, simply go to your StoreHub Backoffice and click on Settings > Add Ons and Enable the Quickbooks Integration there (if you’re not sure how, we have an entire knowledgebase article dedicated to it right here).
If you don’t currently use QuickBooks Online and are interested to know more, feel free to visit www.intuit.com.my or get in touch with us. We’ll be happy to point you down the right track!