For businesses who wish to record Amazon Sales, QuickBooks is a reliable software. In versions like QuickBooks Desktop and QuickBooks Online, you can enter the sales using journal entries. Convenient methods including settlement reports can also be suitable for recording them. For more convenience, you can also prefer apps to input the sales of Amazon or Amazon Seller Center in QB.
Assisting you to quickly record your company’s Amazon sales, we have authored this post. Here, we will see how to record Amazon sales in QuickBooks Desktop and versions like QBO. These methods will be accompanied by the directions you need.
This blog’s summary is as follows:
QBDT users should access the Sales Receipt option for saving Amazon sales. To access the option, first, run Lists. Choose Item List, view the products/services you can see, and then open Item. from here, head to New. Soon, you will be directed to Customers. Here, you can find the Sales Receipt option. Using it, enter the details of the Amazon sales to save them in QuickBooks Desktop.
Note: We will suggest that you choose “Sales Receipt” as the method for payment.
In QuickBooks Online, Amazon sales can be added by using the settlement report. The information of this report will have to be recorded in a journal entry in QBO. You can prefer using the Amazon Settlements option in the accounting software to record the sales. In addition, these sales can be added using apps available in QuickBooks Online.
Elaborating on these methods in detail, below we have shown how to record Amazon sales in QuickBooks Online.
Amazon Settlements is an option in QuickBooks Online that helps you in recording the sales of the platform. You can conduct a search for this option in QBO. After finding it, you can ensure that the name of the default category is Amazon Sales. If not, then the changes can be initiated. Now, you can add the deposit to the accounting software.
For recording Amazon sales in QuickBooks Online, you can also find these directions useful:
Amazon sales can be added to QuickBooks Online by downloading the settlement reports and then preparing a journal entry. To download the reports, you will have to open Amazon Seller Central and log into your account. Via Payments in Reports, you can get the settlement reports. After viewing them, they can be downloaded. Now, you can move to QBO. After pressing + New, you can pick the Journal Entry option to proceed.
These steps explain how to record Amazon sales in QuickBooks Online using settlement reports and journal entries.
Note: The step given above is optional.
Note: The reports will include information relating to shipping, selling charges, order activity, transactions, refunds, etc. This information will relate to the activities that have happened in the last two weeks.
Note: “Black” will resemble “Credits”. Likewise, “Red” will work as an indicator for “Debits”.
There are certain apps available in QuickBooks Online that enable a user to easily record Amazon sales. For finding them, you can select the option of Apps. Here, you can enter Amazon and see the apps that appear. Pick the most suitable application and start using it. Then you can enter all the Amazon sales of your company into the QBO program.
Note: On the list appearing in Step 4, you will find a range of apps. You may prefer “A2X”, “Webgility”, and apps like these for recording Amazon sales in QuickBooks Online.
Tip: You may require help to integrate your Amazon and QuickBooks accounts using such apps. See here how you can use them.
So you see, there are several ways to record the sales of Amazon in QB. Journal entries, settlement reports, etc., are some of these. Based on your preferences, you can choose the best way for yourself. You can also get in touch with us to get additional help. Add a comment below for the purpose.
There are more such blogs to read. See how to record a sales receipt in QuickBooks Online with us. Also, look at the ways to record a cash sale in QuickBooks by clicking on this link.