Get Real-Time Amazon and Shopify Payment Reports with IN-SYNCH
Chances are, your ecommerce business is one of the millions of companies using Amazon or Shopify as a platform. While these platforms can be great to expand your business, they can also create challenges. In particular, if they aren’t integrated with your Sage 100 ERP, each new ecommerce platform will create more manual data transfer tasks, increasing your employees’ workload.
But there’s a better way! With IN-SYNCH, you can automatically synchronize your payment data from one or both platforms with Sage 100. In this blog, we’ll look at why payment reports are so important and how integration is essential to your company’s long-term success.
Understanding E-commerce Payment Reports
E-commerce businesses rely on detailed payment reports to reconcile sales, fees, and payouts. They serve as the detailed record of the financial activity that occurs between the time a customer pays for an order and the time the net funds are deposited into your business bank account.
Amazon Settlement Reports:
These reports provide a detailed breakdown of your account activity for a given settlement period. When each settlement is complete, the payments report is posted, and Amazon initiates a transfer to your bank account. The report contains a separate line for every product in an order, as well as other events, such as subscription fees or account adjustments.
Shopify Payments:
Similarly, Shopify Payments details the gross revenue from sales, deducts all associated fees (processing, refunds, etc.), and summarizes the resulting net amount deposited into your bank account. These reports are essential for reconciling the lump-sum bank deposit with the detailed sales and expense records required in your accounting system.
The Value of Integration
By default, companies selling on Amazon and Shopify download and read these payment reports manually—and then enter data into Sage 100 manually. That amount of manual data entry is not sustainable for growing businesses.
Enter our solution: IN-SYNCH can integrate your Amazon Settlement and Shopify Payments data with Sage 100 to eliminate duplicate data entry and provide a unified view of your financial data. Instead of taking information out of one system, matching it with another, and importing it manually, IN-SYNCH integrates data seamlessly.
Key Benefits of IN-SYNCH:
Real-time Synchronization:
No delays with IN-SYNCH! When there is a new settlement file from Amazon or updated payments data from Shopify, IN-SYNCH automatically syncs it with your Sage 100 accounting data. Information is updated in real time so, when you access the data, it’s showing you an accurate picture of what’s happening in your company right now.
No Manual Data Entry:
Settlement data flows seamlessly into Sage 100 via IN-SYNCH. It’s all happening behind the scenes while your system works steadily to support your revenue goals.
Security:
You get peace of mind knowing that a proven, reliable product such as IN-SYNCH is behind the integration with your Sage 100 ERP system. The IN-SYNCH team has a strong record of successful integration projects and customer service over our 20-year history.
What would your company do with faster, better, accurate payment data? Business decisions based on faulty or older data can lead to incorrect assumptions and missed opportunities. Any time you must manually enter data into a system, you run the risk of delays and mistakes creeping into the data. Can you afford it?
IN-SYNCH streamlines the process of payment report integration (and many other types of integration) between Sage 100 and Amazon and Shopify, so you have everything you need at your fingertips to be productive. If you’re interested in learning more about how IN-SYNCH can integrate your ecommerce platforms and ERP, contact us today! We’d love to hear from you.
