Intuit Inc. (Nasdaq: INTU) today announced that eBay has used the QuickBooks® Software Development Kit to develop the eBay Accounting Assistant. This free application automatically downloads eBay transactions into QuickBooks, enabling eBay sellers to easily track their sales, fees and profits. With an accurate and complete view of their finances, small business owners can make faster, more informed business decisions.
Accounting Assistant was developed by eBay to allow its sellers, including approximately 430,000 people in the United States who run all or some of their business on eBay, to easily import eBay and PayPal transactions directly into QuickBooks. Before Accounting Assistant, sellers who wanted to track how they are making and spending money had to either manually enter transactions into QuickBooks or lump a batch of transactions together and track them as a single line item. Manually entering individual transactions can take hours and entering lump sums can lead to mistakes in the books. With Accounting Assistant, eBay sellers eliminate these problems and have an accurate easy way to manage their business.
eBay sellers using Accounting Assistant will benefit from:
- Time savings: By automating the download of transaction and payment data directly from eBay and PayPal, sellers will never again have to manually enter data.
- Increased Accuracy: By eliminating manual re-entry and the practice of grouping multiple transactions as a single entry, users will greatly reduce the risk of having inaccurate information on the books.
- Complete picture of sales and expenses: By giving sellers the ability to view their sales and expenses in QuickBooks, sellers can generate reports that show where they are making and spending money.
"Running a small business is an exciting, but tough challenge. The businesses that succeed are the ones who stay on top of their finances," said Brian Dennehy, vice president of marketing for Intuit's QuickBooks. "eBay's Accounting Assistant provides thousands of eBay sellers a quick and easy path to QuickBooks so they can track where money is coming from and where it is going - one of the most important steps businesses can take to ensure they are successful."
"We are committed to providing eBay sellers with tools and enhancements for their businesses," said Chris Tsakalakis, senior director, eBay Stores. "Working with Intuit to provide sellers easy integration with QuickBooks will help eBay sellers continue to grow and be successful."
