Tips for Using SellerZen and QuickBooks Online Integration

Once you’ve configured SellerZen with your QuickBooks Online account, then use these few tips to make the most out of our service.

Tip 1: Showing Order IDs on the Sales tab in QuickBooks Online

Want to view the Order ID for your invoices and other transactions? Click on the Gear icon and then check the “Memo” field. Checking this box will display the Memo field, which contains the Order ID.

If you’re going to search by Order ID on QuickBooks Online, then you’ll have to use an Advanced search. Filter by the “Memo” field and type in the Order ID.

Tip 2: Showing True Profit Per Invoice on SellerZen

Calculating your true profit per invoice is a difficult task, and Amazon doesn’t make it easy. Most sellers assume that each sale is profitable. But this may not be correct if a repricer is incorrectly configured or prices are continually being lowered to win the Buy Box. SellerZen will show you the profit per invoice on your Orders page if you have the Cost entered in the QuickBooks inventory. You’ll need the Plus subscription with inventory tracking/pricing enabled in settings.

SellerZen Order Profit

You can also view a detailed breakdown of the sale by clicking on the Order ID. Using SellerZen, you can see at a glance the profit per invoice.

SellerZen Invoice

Now with a quick glance at the Profit column, you can see any invoice and inventory item that is costing you money.

 

Tip 3: Search by Order ID, customer name, or item on SellerZen and then click on “View” to see the document in QuickBooks Online. Partial searches are also allowed

Tired of having to use Amazon to search for information? Use our search function to search for partial or full customer names, order IDs, and more!

SellerZen Filter

Tip 4: Run a Profit & Loss Report see all of your income and expenses, broken down into detail depending on how you mapped the transactions

Once you’ve assigned the non-order transactions under the Settlement tab, you can run more detailed reports that give you a better picture of your finances in QuickBooks Online. Take a look at a sample report below using custom transaction mapping.

QuickBooks Profit and Loss Report

If you need help creating these accounts, feel free to ask us with using the chat icon on the bottom right of the screen.

Tip 5: View FBA returns and reimbursements on SellerZen

Using SellerZen, you can easily see which orders have never been returned to you using the green and red truck icons. The green truck icon means Amazon has received the return. A red truck icon indicates Amazon has not received the product.

SellerZen Sample Refund

If customers receive a refund a don’t return your item, then you should receive a reimbursement from Amazon. If you haven’t been reimbursed after 45 days, then you can request one.

Tip 6: View Reimbursements on SellerZen

Get an overview of all Amazon reimbursements on SellerZen. Click on Inventory Adj > Reimbursements to see how you’ve been paid.

SellerZen Inventory Adjustments

In the example above, you’re able to view the Reimbursement document as well as the Cash or Physical quantity reimbursed. If you’re reimbursed inventory, then we’ll make the proper adjustments to your QuickBooks Online inventory.

Combine these 6 tips with using shortcuts in QuickBooks, and you can be saving yourself some valuable time every day!

Know your Audience to Improve Advertising

Audience is everything. In business, our audience is the customer. The importance of advertising should never be underestimated, especially in a marketplace that is becoming increasingly competitive.

Many new sellers can benefit from marketing their products.  Branding and marketing will stick with customers long after the purchase. Sellers must know their audience and market accordingly. Just coming up with a “reasonable” price based on how much it costs you can lead to missed opportunities.

Think about McDonald’s and Carl’s Jr. In the late 1990s and early 2000s, each focused their marketing on a specific audience: kids and young adults, respectively. Their advertising campaigns and their products specifically targeted their audiences. McDonald’s pushed Happy Meals with toys and included PlayPlace in some of their locations while Carl’s Jr. focused on sex appeal and big burgers to market to older audiences. Even Carl Jr.’s commercial with Paris Hilton was a wild success because of the discussion it generated.

Sellers can benefit from asking some simple questions to focus their audience, branding, and marketing. It is difficult for sellers to market to the same audience as a big, established company, so to compete, sellers must find a niche segment. Some questions that sellers can ask are:

  • What are their educational levels?
  • Who is my target demographic (age, ethnicity, gender)?
  • What are their income levels?
  • What are their values?
  • Where do they live?
  • What are their jobs?
  • What are their personalities?

The answers to these questions will help sellers focus their branding and lead to better marketing. For example, take a company that wants to sell reusable water bottles. The target audience is college graduates in their 20s. Research shows that this demographic is concerned about health and the environment. Knowing the age, educational level, and values of a demographic will determine the materials the company can use to manufacture its bottles, and that information will also affect the price of the finished product. Too low of a price will diminish the audience’s impression of quality, while a high price may alienate the audience.

Details about the target demographic will also affect the kind words used on the product packaging, as well as the language and tone on the website or product page. Being able to say that the product is 100% biodegradable, BPA free, or that a portion of the proceeds go to plant a tree will appeal to this target demographic. Such features can be prominent in the features section of the detail page.

Make sure that your photos follow Amazon’s image policies. Our article not only provides some tips for product photography, but it includes some advice for Amazon images as well.

New sellers who are thinking about branding and marketing would be best served to consider their audience instead of just jumping in and assuming that people will buy products based solely on price. While price is often the determining factor in many people’s purchases, it’s not the only factor.