Why is integration with accounting software so important?
Financial management is the backbone of any organization, be it a small business or a large corporation. After all, money is the lifeblood of any company. If you want to keep your company healthy, balanced books are essential. At their heart, financial statements show you how much money you have, where it’s coming from and how you’re spending it.
Even if your accounting software can produce these figures for you automatically, integrating your payment platforms and/or sales channels with an accounting software can simplify your workflow and save time in the long run. Integration with accounting software saves time by eliminating double entry and manual data entry so that everything is updated in one place automatically.
Check our guide “How to choose the best accounting software for the business” to learn about your options. With the help of our descriptions of the top features, plus pros and cons, you can compare different software solutions to find the one that’ll meet all your business needs.
How does it work?
Integration with accounting software isn’t as hard as it may seem. But it will work much more efficiently if you go through all three steps of integration – connect your e-commerce platform, payment platforms and accounting software.
Accounting, while often not thought of as exciting, is actually one of the most important aspects of running a business. Not only do you need to keep records of your business’s finances so that you can file taxes, meet financial reporting standards, and see where your company is spending money, but you also need to be able to seamlessly integrate accounting software with other programs.
After the integration, accounting software provides businesses with a centralized location for all their transactions so that everything is in one convenient place. These programs make it easy for users to reconcile their bank statements, export reports for tax purposes, and more.
With Synder Sync, all you have to do is choose your preferred accounting software solution during the onboarding process.
Any organization requires a comprehensive bookkeeping system to manage its finances. Whether it’s a small business, non-profit organization, or some other type of enterprise, keeping books is essential for making sound financial decisions.
Synder is software that can help business owners see their real numbers and make thoroughly thought out decisions and can help accountants to better manage their clients’ businesses.
If an accounting software is the final destination for all transactions, then Synder Sync is business class. The main goal of this tool is to deliver information about the actual transactions to the accounting software so that the user won’t need to fill in everything manually.
Here are some features that’ll help manage the business better:
✔️ Real-time data synchronization
Synder records data from the connected platforms to the accounting software with all the necessary details such as sales amounts, fees, discounts, shipping, sales taxes, etc. to make sure that the final transactions look brilliant in the accounting software. With all the information, you’re just a few clicks away from a hassle-free reporting period.
✔️ Error-free reconciliation
Smart reconciliation feature handles this tedious process seamlessly and helps with reconciling your books in the most efficient way. See how the data from the store and payment gateways connected to the accounting software match your actual bank account. Enjoy meticulous and precise work with no duplicates and discrepancies. No manual actions needed!
✔️ Inventory tracking and no-coding Smart Rules solution
With Synder Sync you can forget about worries over inventory levels and start keeping track of the items in the easiest way possible. Organize smart inventory management with instant tracking of the inventory assets across channels, set smart automation rules around accounting, supplies and customer payment reminders.
Synder Sync is a superhero of accounting that tracks business transactions even when you or your accountant can’t, so take some time to rest and let Synder deal with the work that can be automated! Take a look at how Synder actually works by completing the onboarding or schedule a Demo session with our specialists who will walk you through the whole process!