The Problem
Ecommerce sellers often encounter the headache of bookkeeping for their business.
It's a hassle to parse through sales data and correctly categorize it for tax purposes or for general visibility into the business's financial health.
Some people may decide to use Excel to keep track, or they may choose to manually create the transactions in an accounting software like QuickBooks Online.
Either way, this is very error-prone, and it leaves much of the bookkeeping work to people who aren't familiar with the bookkeeping process, and to business owners who would much rather spend their time focusing on increasing revenues.
How does Klavena fit in?
- CPA-approved method to import sales data into QuickBooks Online. Hours will be saved monthly on bookkeeping, and tax season will be a breeze.
- Properly transform uncategorized sales, tax, refund, fee data into summaries that reconcile perfectly in QuickBooks Online
- Standardized format across all sales channels, so that you can easily compare them against each other.
- Automated sync that saves hours every month and eliminates the error-prone process of manual entry.
- Keeps track of inventory to allow automatic calculation of cost of goods sold (COGS) with QuickBooks' built-in first-in-first-out calculation.
- Scales with your ecommerce business to any number of orders.
- Sets up your accounting program with industry best practices of the accrual method of accounting and inventory tracking.
- As your ecommerce business scales to a certain size, the IRS dictates that your business must use the accrual method. It's better to get set up with best practices early.
Sign in
To get started with Klavena, you'll need to sign in through Single Sign On (SSO) with either Intuit or Google.
This will ask you for your respective Intuit or Google credentials and redirect you to the Klavena app.
FAQs
- Does it matter which Sign in method I use? Intuit or Google?
No, you can use either as long as you’re consistent with future sign ins.