The startup offers an e-commerce accounting software that automates financial processes by accurately syncing transaction data, inventory levels, and sales metrics. This solution provides businesses with real-time insights into profits, fees, and stock alerts, streamlining their accounting operations and reducing manual errors.
Funding
$250K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
E-commerce businesses often struggle with the complexities of accurately tracking financial data across multiple sales channels, leading to errors, time-consuming manual processes, and a lack of real-time insights into profitability and inventory levels. Reconciling transactions, fees, and inventory between marketplaces like Amazon, Shopify, eBay, Walmart, and TikTok with accounting software such as QuickBooks or Xero can be particularly challenging.
Solution
ConnectBooks offers an e-commerce accounting solution that automates the synchronization of financial data, inventory, and sales metrics across multiple sales channels and accounting platforms. The platform integrates with marketplaces like Amazon, Shopify, eBay, Walmart, and TikTok, as well as accounting software such as QuickBooks (Desktop, Online, and Enterprise) and Xero. By automating data entry and reconciliation, ConnectBooks eliminates manual errors, saves time, and provides businesses with a clear, real-time view of their profits, fees, and stock levels. The software offers features such as automated tax compliance, multi-currency reconciliation, and detailed reporting, enabling businesses to make informed decisions and optimize their performance.
Target Audience
ConnectBooks primarily targets e-commerce businesses selling on multiple marketplaces such as Amazon, Shopify, eBay, Walmart, and TikTok, who need to streamline their accounting processes and gain real-time insights into their financial performance.
Features
- Automated transaction synchronization between e-commerce marketplaces and QuickBooks or Xero
- Real-time inventory tracking and synchronization across multiple sales channels and warehouses
- Profitability analytics and reporting, including gross and net profit calculations, order quantities, and ad spend analysis
- Automated tax compliance, with tracking and mapping of all taxes to QuickBooks or Xero
- Multi-currency reconciliation for international sellers, with automatic conversion to USD
- Customizable reporting, allowing users to filter and sort data by item, category, buyer, supplier, and more
- Stock alerts and reorder forecasts based on past sales data
- Integration with Amazon Business to simplify purchase tracking and financial management
- 100% accuracy guarantee, ensuring perfect-to-the-penny books