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Website: linkmybooks.com
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Link My Books is a specialized accounting tool designed to streamline financial management for e-commerce businesses, particularly those selling on Amazon. It automates the process of importing transactions from Amazon into accounting software like QuickBooks and Xero, ensuring accurate and timely financial data. This integration helps businesses manage complex tax obligations, high transaction volumes, and varying fees across different regions.
Key features of Link My Books include automated payout reconciliation, accurate tax calculation, and tracking of Cost of Goods Sold (COGS). The app supports all Amazon marketplaces and integrates with other platforms such as eBay, Etsy, and Shopify, allowing users to manage their entire e-commerce business from a single interface. It also provides real-time financial reports and analytics, offering insights into profitability, sales performance, and cash flow. Additionally, Link My Books offers benchmarking capabilities, providing industry insights based on anonymous data to help businesses understand their performance relative to broader market trends.
By automating bookkeeping tasks, Link My Books helps reduce the time spent on financial management, allowing businesses to focus on growth and strategy. Its user-friendly setup and interface make it accessible even to those without extensive accounting experience. Overall, Link My Books is a valuable tool for e-commerce businesses seeking to enhance their financial management and compliance with tax regulations.
Website: linkmybooks.com
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