In order to manage cash flow and generate financial report, online sellers often have to cross check the payment from Marketplaces against the order transaction manually. It is an arduous, tedious, and lengthy process especially as the business grows. Moreover, this process has high tendency of human error and may have to be repeated numerous times to reduce human error.
PayRecon helps online sellers to reconcile the payments from all marketplaces against the orders automatically, track all the unpaid orders and generate financial reports effortlessly and accurately.
Reduce workforce to enter sales order details into accounting software
Simply sync your sales into accounting software
(Duty to keep records)
Now you are able to submit income tax in more timely and accurate manner and less likely to make errors for tax reporting purpose
Your inventory in accounting system will get updated when marketplace online transaction details is sync over. This will increase accuracy of your stock control between offline and online business
If you are existing accounting system user and thinking of venturing into online business, you may sync your product from accounting system to online marketplaces
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