Preparing Your Quickbooks File
Following are some steps recommended to prepare your Quickbooks before the setup, for a smooth process:
Go to your “Customer Center” and add a new customer named Amazon. (If you already have a customer by that name, you can use the existing one, but make sure there is no open balance.) If there is more than one channel being connected, add all the channel names as additional new customers, as well as foreign channels. (For example: Best Supplies, Amazon UK, Amazon MX, etc)
Turn off Sales Tax for the Amazon customer in Quickbooks. Select the customer click on edit , under tax info uncheck this customer is taxable
In your “Chart of Accounts” make sure the bank(s) you are using to deposit your settlements (from all channels), as well as the credit cards on file with your Amazon account, appear on the list, if they do not, add the pertinent bank account and credit cards.
If you will be using Connectbooks to track inventory items, make sure Inventory, as well as Classes are turned on in the “Preferences” window.
Click on the gear icon on the upper right side.
Go to “Accounts and Settings”, click on “Advanced” (lowest tab on the left). In the section called “Automation”, click on the second line “Automatically apply credits” and turn to off, if it isn’t already off.
