Amazon makes Intuit QuickBooks its preferred financial software partner for sellers

Date:
Tue, 10 Dec 2024 11:28:00 +0000

Description:
US Amazon sellers will soon be able to directly link their sales and
inventory to Intuit QuickBooks.

FULL STORY ======================================================================Amazon and Intuit team up to integrate sales data directly into QuickBooks Youll
have to wait until mid-2025, and its only available to US sellers The company claims to have supported millions of independent sellers

Amazon has announced plans to team up with accounting software giant Intuit
to make it even easier for sellers on its platform to keep track of their finances thanks to some handy integrations between the two services.

From the middle of next year, sellers in the US only will be able to
integrate their sales and inventory data straight into Intuit QuickBooks through Amazon Seller Central in order to simplify and streamline their bookkeeping.

The partnership between the two companies will also give Amazon sellers
access to QuickBooks accounting tools in order to share real-time insights into profitability, cash flow and tax estimates. Amazon chooses QuickBooks as its preferred partner

The ecommerce giant shared: The expanded Amazon-Intuit partnership will give sellers the ability to bring their existing Amazon data into Intuit products and experiencesultimately making it easier for sellers to understand and optimize profitability, manage cash flow, access capital, and simplify taxes with confidence.

Amazon acknowledged that Intuit has been an important customer of its cloud business, AWS, since 2013.

VP of Worldwide Selling Partner Services Dharmesh Mehta added: Together with Intuit, were working to equip our selling partners with additional financial tools and access to capital to help them scale efficiently.

Intuit CEO Sasan Goodarzi boasted that businesses that use Intuits QuickBooks platform have a nearly 20-point higher success rate than those who dont. AI enhancements to its platform have also helped to improve the experience.

The financial impact of the collaboration remains undisclosed, however given the companies histories, its possible that a two-way deal will see both
Amazon and Intuit benefit from the collaboration.

More broadly, the company claims to have contributed more than $1 trillion to the entire US GDP since 2010, including supporting 1.8 million jobs exclusively for independent sellers using the platform. You might also like Check out the best payment gateways for your business Not in the US? Heres
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Link to news story: https://www.techradar.com/pro/amazon-makes-intuit-quickbooks-its-preferred-fin ancial-software-partner-for-sellers


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