ConnectBooks

ConnectBooks helps ecommerce sellers reconcile payouts, track inventory costs, understand product profitability and make data-backed business decisions.

Build ConnectBooks expertise through plan-specific training and certification to interpret ecommerce financial data and make informed business decisions.

ConnectBooks

ConnectBooks is ecommerce accounting software that syncs sales, fees, refunds and inventory data from multiple channels to QuickBooks or Xero. It breaks down payouts for reconciliation, tracks FIFO inventory costs that can include freight, duties and tariffs, and reports profitability by SKU and store. The platform provides inventory reporting, tax and multi-currency features, an AI assistant that answers questions using business data, and tools for accounting firms managing client accounts. The AI assistant helps sellers investigate performance changes, compare periods, analyze advertising and inventory decisions, and consider data-backed recommendations. Eligible plans include one-to-one setup with a professional bookkeeper.

Category: Accounting Software

• Connect Sales Channels To Accounting
  Bring sales and settlement data from supported ecommerce channels into QuickBooks or Xero, helping consolidate accounting across stores.
• Match Payouts To Bank Deposits
  See payout components broken out and ready to match against the corresponding bank deposit, supporting accurate settlement reconciliation.
• Cost Units Using FIFO
  Calculate cost of goods using FIFO unit costs, with freight, duties and tariffs included where supported, to reflect costs in accounting and profitability reporting.
• Find Profit By SKU
  Identify which products make or lose money using item-level profit figures that account for fees, advertising, refunds, storage and cost of goods. Investigate which products drive changes and compare their results over time.
• Track Stock Across Warehouses
  View inventory across fulfillment channels and warehouse locations, with inventory value and cost of goods information available for accounting.
• Understand Performance And Consider Next Steps
  Ask questions about business performance and receive data-backed explanations of contributing factors, along with recommendations to inform business decisions.
• Evaluate Inventory Choices By Cash Contribution
  Compare inventory options using expected cash recovery and relevant future costs, helping sellers assess which stock to keep, discount, liquidate or remove.
• Review And Export Financial Reports
  Review sales, expenses, inventory and product profitability in reports, then export data for use in accounting workflows.
• Analyze Advertising And Item Fees
  Review advertising spend and marketplace fees at the product level, and investigate how advertising activity relates to profitability.
• Compare Results Across Periods
  Compare relevant periods and investigate differences in metrics such as profit and margins.
• Set Up With A Professional Bookkeeper
  Get one-to-one setup help with store connections, inventory information, accounting mappings and payout posting. Live US support is also available.
• Forecast Stock And Reorder Timing
  Review stock age and forecasts to see inventory that may be slow-moving and assess reorder timing.
• Flag Stock And Fee Changes
  Receive alerts about reorder timing and reported fulfillment fee changes, helping users monitor inventory needs and changes in costs.
• Manage Client Accounts In One Portal
  Give accounting firms one portal for client accounts, alongside partner pricing, training, certification and insights they can use in advisory services.
• Prepare Tax And Currency Reports
  Use listed tax reporting and 1099-K matching features, and manage transactions in multiple currencies.
• Protect Admin Accounts With Two-Factor Authentication
  Add a two-factor authentication step for administrators as an additional layer of protection for ConnectBooks accounts.

ConnectBooks Training and Certification

Training for accountants, bookkeepers and ecommerce sellers includes on-demand video modules that walk through ConnectBooks features. Users choose a course matching their ConnectBooks plan level and can become a Certified ConnectBooks Expert by completing a course. The training is designed to help participants analyze ecommerce financial data, turn insights into action and make informed decisions to grow their business.

Category: Software Training Services

• Apply Ecommerce Financial Insights
  Develop confidence in analyzing ecommerce financial data and using insights to inform business decisions.
• Learn ConnectBooks Features
  Work through video modules covering ConnectBooks features at a convenient pace.
• Choose Training For Your Plan
  Select a Gold, Diamond or Platinum course aligned with the ConnectBooks plan and its relevant features.
• Earn ConnectBooks Certification
  Complete a course to become a Certified ConnectBooks Expert.