Accounting software like Xero, Quickbooks, or MYOB makes your accounting tasks more manageable. However, they leave spaces in integration that force manual data entry.
Amaka solves a lot of these problems by automating interactions between platforms. Their latest app integrates Shopify with your preferred accounting software.
We’ve dug deep into reviews and weighed the pros and cons of Amaka’s integration app. Our guide will teach you everything you need to avoid surprises when automating your accounting.
Our Review of Xero, Quickbooks, Or MYOB Sync By Amaka
How Does Amaka’s Integration App Work?
With Amaka, you can link your Shopify store to your accounting software.
This link automatically enters data for sales and COGS through a daily transaction summary. These summaries sync with your accounting software.
Amaka generates an invoice with this sync. You’ll see all payments from the various payment methods available to customers. You also have complete control over the sync time using their scheduler.
Additionally, syncing allows you to make use of Xero’s category tracking. The category tracking gives you insight into the different areas of your business and how they are performing.
A result of this synchronization is that Amaka streamlines reconciliation. By mirroring information, you can balance books with the click of a button.
Amaka will also sync payment types to your preferred accounts. Syncing payment types speeds up reconciliation further.
It is important to note that your cash clearing and balance accounts should remain at zero. Taking moments, you can account for all deposits.
Enabling Historical Sync will allow you to back-sync your data.
Historical Sync makes for accurate and up-to-date bookkeeping. Amaka limits back-sync to 30 days with the free option but can back up to 12 months with a premium membership.
Integrating Amaka is simple if using their 2-minute express setup. In this quick setup, you can map your payment data to accounts of your choice.
You can schedule your sync and choose how far your back-sync history goes. They also offer Advanced and Guided options, but otherwise, the setup is complete.
Amaka lacks some information on their site about topics like tax. Other apps display this on their page and don’t leave you wondering about VAT in the US, for example.
Amaka has fantastic customer support. Based on reviews, Amaka is quick to help and can fix many user problems from their side. Luckily, problem-solving is as easy as watching while a representative solves your queries.
You can resolve problems through their help desk or their unlimited zoom support. In this responsive way, technicians can talk you through advanced integration. It stays easy to solve future complications if they arise.
You get 1 store integration, 1 business tracker, and unlimited transactions with the free plan. For many users, this will be enough, but you will also lack the option for a detailed view. With this, you could group sales by parameters like product or category.
The free plan also omits Custom Mapping. This feature allows you to apply mappings to your accounts, tax, and payment types. You can unlock all these features at $17.99/month (or $12.99/month billed once a year).
You’ll also get access to 10 store integrations and 10 business trackers. The premium features are essential when working with many businesses. And with a portfolio of a few companies, the price seems more than affordable.
Amaka vs Reconcilely
Amaka’s daily synchronization provides powerful functionality but lacks some helpful information.
Since it combines transactions, in summary, we don’t see information about the buyer or product. Another app provides that functionality by submitting real-time data to Xero.
In sharp contrast, Reconcilely provides valuable data like refunds and fees.
Reconcilely proves to be a good alternative by sending invoices for every single transaction, automating reconciliation and empowering better business decisions with real-time syncing.
In short, Amaka groups your daily Shopify transactions and COGS. It generates an invoice in your accounting software. You can schedule this daily sync for any time. It matches with your bank to enable fast reconciliation.
Additionally, you can keep your accounting data current with historical back-sync. With Xero, you can leverage information by categorizing transactions for insightful decision-making.
Amaka is a breeze to activate with exceptional customer support. This ease of use has earned it brilliant ratings.
If you need more detailed data entries, there are alternatives, but Amaka satisfies most users. The website lays all the pricing upfront and provides what it claims with no hidden fees.
Pros And Cons
- Easy to use
- Historical back-sync feature
- Excellent customer support
- No automated reconciliation feature
- No real-time syncing
Amaka provides a powerful integrative solution for eCommerce businesses. It automates a tedious accounting experience that costs you energy and saves valuable time.
However it lacks automated reconciliation features and real-time syncing. Both are essential features of Reconcilely.