Browse Month: May 2023 articles!

Best practices for handling partially paid Square invoices

Overview

When it comes to syncing your Square invoices, Amaka's integration works seamlessly with fully paid invoices. However, if an invoice is only partially paid, it won’t be synced until the remaining balance is paid and the invoice is marked as fully settled. Let’s explore what that means for your workflow and what alternatives are available if partial payments are part of your process.

Laura Tien October 15, 2024

Best practices for handling Square Online orders

Overview

Square Online orders move through various statuses, which are usually updated by your team based on your workflow. The Amaka integration will only sync orders that are marked as fully paid and completed. This ensures that your records reflect finalised transactions, keeping your POS data accurate and up-to-date.

Laura Tien October 15, 2024

Managed Reconciliation Services FAQs

This guide was made for Managed Reconciliation Services customers. With this service, our Integration Specialists take the reins on reconciliation for all transactions synced by Amaka's accounting integrations.

Overview

What is a clearing account and why is it important?

Laura Tien October 15, 2024

How to do bank reconciliation on your own

This guide was made for Managed Reconciliation Services customers. With this service, our Integration Specialists take the reins on reconciliation for all transactions synced by Amaka's accounting integrations.

Laura Tien October 15, 2024

How Managed Reconciliation Services can help with handling your integration

This guide was made for Managed Reconciliation Services customers. With this service, our Integration Specialists take the reins on reconciliation for all transactions synced by Amaka's accounting integrations.

Overview

Reconciling your financial transactions can be challenging, especially when managing data from multiple sales channels and sources such as your POS system, e-commerce platform, bank accounts, and accounting software. Our Managed Reconciliation Services team takes care of the reconciliation process associated with Amaka accounting integrations, ensuring that all your records are accurate and aligned.

Laura Tien October 15, 2024

What is a clearing account and why do you need one?

This guide was made for Managed Reconciliation Services customers. With this service, our Integration Specialists take the reins on reconciliation for all transactions synced by Amaka's accounting integrations.

Overview

A clearing account is a temporary holding place for funds that have yet to be deposited into your bank account. For example, payments processed via a payment provider (such as Square, Paypal, Shopify etc.) will generally not be deposited into your bank account on the same day that the sales transaction takes place.

Laura Tien October 15, 2024

Online payment security: What businesses need to know

In this article, we’ve teamed up with Onilab to share everything you need to know about online payment security as an online business.

Laura Tien October 11, 2024

Payment methods every Shopify seller needs to offer: PayPal, Afterpay, Klarna, Adyen, and more

The best payment methods for Shopify sellers to offer customers will vary depending on your unique business. However, there are different categories that you would benefit from considering. In this article, we’ll go through exactly what a payment gateway is, why offering multiple choices is crucial, and how to choose the right ones for your e-commerce store.

Laura Tien September 09, 2024

How to prepare for Black Friday and Cyber Monday (BFCM): Guide for businesses

To get ready for Black Friday and Cyber Monday (BFCM) in 2024, there are a few areas that businesses need to look into. Whether you’re a brick-and-mortar retail business or an e-commerce business, you’ll benefit from planning ahead. This can help with increasing sales, streamlining processes for your team and retaining customers post-BFCM.

Laura Tien August 30, 2024

Shopify GST: How to set up taxes, Shopify fees and more for Australia

Shopify businesses in Australia will have heard of the goods and services tax, otherwise known as GST. Despite it being a flat fee, it’s not always as simple as it sounds. In this comprehensive guide, we’ll go through everything you need to know about GST for Shopify sellers.

Laura Tien August 16, 2024