eBay and QuickBooks Get Cozy for Businesses

Intuit enables developers, via it’s Intuit Developers Network to create third party applications for QuickBooks and others Intuit software.
Not to be left out of the QuickBooks choir, eBay has developed software enabling approximately 430,000 people who run their eBay business with Quickbooks to better manage their businesses by importing their transactions directly into QuickBooks.
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This free application automatically downloads eBay transactions into QuickBooks, enabling eBay sellers to easily track their sales, fees and profits. With an accurate
and complete view of their finances, small business owners can make faster, more informed business decisions.
Accounting Assistant was developed by eBay to allow its sellers,
including approximately 430,000 people in the United States who run all
or some of their business on eBay, to easily import eBay and PayPal
transactions directly into QuickBooks. Before Accounting Assistant,
sellers who wanted to track how they are making and spending money had
to either manually enter transactions into QuickBooks or lump a batch of
transactions together and track them as a single line item. Manually
entering individual transactions can take hours and entering lump sums
can lead to mistakes in the books. With Accounting Assistant, eBay
sellers eliminate these problems and have an accurate easy way to manage
their business.
eBay sellers using Accounting Assistant will benefit from:
* Time savings: By automating the download of transaction and payment
data directly from eBay and PayPal, sellers will never again have to
manually enter data.
* Increased accuracy: By eliminating manual re-entry and the practice of
grouping multiple transactions as a single entry, users will greatly
reduce the risk of having inaccurate information on the books.
* Complete picture of sales and expenses: By giving sellers the ability
to view their sales and expenses in QuickBooks, sellers can generate
reports that show where they are making and spending money.
“Running a small business is an exciting, but tough challenge. The
businesses that succeed are the ones who stay on top of their finances,”
said Brian Dennehy, vice president of marketing for Intuit’s QuickBooks.
“eBay’s Accounting Assistant provides thousands of eBay sellers a quick
and easy path to QuickBooks so they can track where money is coming from
and where it is going – one of the most important steps businesses can
take to ensure they are successful.”
“We are committed to providing eBay sellers with tools and enhancements
for their businesses,” said Chris Tsakalakis, senior director, eBay
Stores. “Working with Intuit to provide sellers easy integration with
QuickBooks will help eBay sellers continue to grow and be successful.”