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Browse Month: July 2023 articles!

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

How and when to add a credit note against a paid invoice

A credit note, also known as a credit memo, is commonly used in accounting against paid invoices to handle errors, changes and other issues. In this article, we’ll go into more depth about what a credit note is, situations where you would issue one, what to include, and how to use credit notes in Xero and QuickBooks Online.

Laura Tien July 30, 2024

Best WooCommerce + QuickBooks integration: Full comparison

Businesses looking to connect WooCommerce to QuickBooks Online can quickly find that there’s an overwhelming number of options available. In this article, we’ll go through the key features you should be looking for when choosing an accounting integration, compare popular solutions, and take you through the steps to start syncing your data.

Laura Tien July 22, 2024

Wix + QuickBooks Online setup guide

Overview of Wix + QuickBooks Online integration

Connect Wix and QuickBooks Online to start syncing your sales transactions, managing your settlements and posting them to your accounting system.

Laura Tien July 08, 2024