Intuit has been offering e-commerce solutions since 2015. They offer a complete suite of tools to help you build a webstore, take payments and manage your online sales. Intuit’s e-commerce service is one of their most exciting new products, particularly for small business owners who need payment processing and checkout options that are easy-to-use.
So what makes Intuit’s e-commerce services stand out? How does it work? Let’s explore the topic in-depth below.
What is Intuit?
Before diving into their e-commerce services, let’s first discuss briefly what exactly Intuit is. Founded in 1983 as an American software company based in California, they offer financial management and accounting applications to assist users with tasks related to payroll revenue management, taxation, invoicing amongst other accounting related functions.
In addition to this suite of products aimed at businesses more generally known by industry professionals around the world for providing some of the best tax preparation software available (TurboTax). Other than such traditional offerings they have ventured into Ecommerce sector was launched with its QuickBooks Online product five years ago.
QuickBooks as itself has been around since late 70s mainly focusing on finance & accounts management via desktop version which offers various features ranging from journal entries all the way through generating financial reports like balance sheets and income statements . With time & technological advancements it gradually started integrating web store functionalities under its kitty along with “GoPayment system” – wherein customer can pay head-on while experiencing seamless integration between POS& Accounting Systems thus making cross-checking easier whilst reconciling inventory data against generated sales receipts/returns too .
Now after years of steady growth within ecommerce space defined above which lead them ultimately pioneering complete autonomous platform –yet again placing themselves right up on higher curves compared many existing competitors thriving fiercely amidst growing ecommerce revolution .
That said when using its online product offerings , you’ll likely observe several differentiators including no setup fees or contracts involved which is quite rare due to the sheer nature of just about every ecommerce platform out there .
Intuit E-commerce Service Explained
Intuit’s e-commerce services might seem similar to other popular offerings such as Shopify or BigCommerce initially; however, there are some significant differences. For starters, it focuses more on payment processing for businesses that have an existing sale channel in place.
This focus allows users to tie their store directly into QuickBooks Online where all transactions can be automatically recorded allowing them easy access when generating reports like profit and loss statements which offers insights over profitability trajectories over time – perfect for mid-sized business owners who wish for more detailed data analysis across different verticals they operate besides fulfilling orders promptly. Besides, users can streamline billing within single system rather than having different ones handling POS or online sales each potentially complicating reconciliation so integration becomes hassle-free right from day one.
To begin with Intuits e-commerce service , you’ll first need a subscription to its “QuickBooks Online” platform alongside your bank portal being tied in so you could accept payments hassle-free via “GoPayment Gateway” thereafter making it very simple compared other ecommerce platforms requiring setup fees minus passcode confirmations (Verified by Visa/Mastercard SecureCode) supported by almost every globally available credit/debit card under sun thereby eliminating any potential barrier whilst making purchase decisions seamless without needing multiple security verifications/identities also promoting trust factor amongst buyers at large!
Furthermore, its simplistic approach towards fulfillment further adds ease-of-adoption since inventory management coordination is done entirely on backend as purchased item arrives into warehouse/in-house stockroom then dispatched from same location required clearing custom format/SKU labeling/repackaging needed . However drop-shipment model offered too wherein products sourced directly vendors/manufacturers once ordered get delivered runtime but still showing up under brand name during purchase process thus keeping end-to-end visibility intact throughout process .
One thing missing though among features is comprehensive shipping/tax calculation tools however considering those typically change based upon region/regime wherein business operates makes sense why excluded – yet Intuit employs third-party plugins for exactly same reasons to add specificity when shipping prices, sales taxes and customs charges are calculated. Overall, it’s pretty clear that the company has focused on simplicity right from the outset with everything streamlined & unified as much as possible .
Features
Intuit’s e-commerce service offering various features specifically intended to make merchants’ lives easier. Let’s explore some of these below:
Mobile Point-of-Sale System – QuickBooks GoPayment is a payment processing system that allows small businesses to accept credit card payments alongside other forms of currency while being able process sales in-store via iOS or Android smartphone/tablet used apart online modes which can reduce turn around times whilst providing ease greater flexibility/versatility.
Online Storefront Building Tool – Offers intense customization options allowing you products/multiples variants across verticals tailored precisely per each audience segment served. WYSIWYG Editor included so upfront design most preferred aesthetics achieved within few clicks with additional support available too.
Bulk Import Functionality – For existing stores or bundling multiple items into one sale entity before mobile listing/selling them out altogether simplifying inventory limiting human error entering identical product information over-and-over again!
Automatic Syncing With QuickBooks Online Accounting Software— Tax-time could be confusing especially if financial ledgers don’t reflect active transaction history reflects true value owned vs liabilities thereby improving accuracy personalization profit margins! No need manual entry at all since aggregated data fed rolling basis automatically thus giving you exact bookkeeping without wastage time.
Integrated Analytics Dashboard- Providing actionable insights post transactions capture (sales) via integrated Google Analytics dashboard where one could easily track traffic sources conversion rates etc making sure website optimal performance by analyzing statistics improve user experience ultimately resulting maximized profits/Business growth rate milestones accomplished diligently over time fully utilizing available resources
Conclusion:
In conclusion, using Intuit’s e-commerce services can make achieving online sales targets smoother and stress-freeensconcing reliable accounting & inventory management while reducing manual effort required in the backend. With Transparent pricing structure alongside readily available customer support, smaller merchants faced turning point yearning scalable solutions with significant upsides which ensuring continuity viability over time offering brand longevity as businesses transition into new territories making an impact within fast-paced digital economy. So what are you waiting for? Take your business to the next level through Intuit Ecommerce Services today!