A pair of technology companies focused on supporting the small business sector will now be doing so together.
Ottawa-based ecommerce platform Shopify and Mountain View, Calif.-based Intuit have announced plans to integrate Shopify, which is currently used by more than 200,000 merchants, with Intuit’s QuickBooks Online (QBO) small business accounting system, allowing Shopify merchants to automatically update and transfer their financial information.
“We are excited to be partnering with QuickBooks Online to provide the tools and resources small and medium-sized businesses need to handle all of their accounting needs efficiently,” Harley Finkelstein, Shopify’s chief platform officer, told ITBusiness.ca. “Many of our merchants are not necessarily experts on bookkeeping, which is why this integration is so important to their success.”
Intuit spokesperson Matt Kanas called the partnership an important component of the company’s commitment to fostering success in Canada’s small and medium-sized business communities, adding that Shopify was “one of Canada’s greatest startup success stories.”
With the partnership in place, all of Shopify’s ecommerce transactions now flow automatically into QuickBooks Online, allowing merchants to monitor and adjust business transactions in real time, and to create key reports such as cash flow and balance sheets with one click.
Existing Shopify customers interested in learning more about QuickBooks online are encouraged to visit Intuit’s Canadian website, while QuickBooks customers interested in adding ecommerce operations to their portfolio are encouraged to visit Shopify.
Small business owners who take advantage of both, meanwhile, can continue running their businesses as usual, knowing it will be that much easier from now on.