Links My Books Review: Accounting made Simple

I recently had the opportunity to try out Link My Books, a software that connects your preferred sales channels and automatically downloads sales reports for you.

As an online seller, I was looking for a tool that could simplify my accounting process and save me time. After using Link My Books for a few weeks, I can say that it definitely delivers on both fronts.

One of the things I appreciated most about Link My Books is how easy it is to set up and use. You can connect your sales channels in just a few clicks, and the software does the rest. I also appreciated the different pricing packages available, depending on the size of your business.

The Lite package is perfect for smaller sellers, while the Pro and Premium packages offer more features for larger businesses. Overall, I found Link My Books to be a great tool for anyone looking to simplify their accounting process and save time.

The good thing about this tool is that the membership scales with you. You don’t need to worry about paying too much at the start.

Link My Books Overview

What is Link My Books?

As an e-commerce seller, bookkeeping can be a time-consuming and tedious task. Link My Books is a cloud-based software that automates bookkeeping for businesses selling on Amazon and eBay. It allows sellers to connect their preferred sales channels in just a few clicks and automatically imports the details of all transactions that make up payouts from Amazon or eBay.

Link My Books Features

Link My Books offers a range of features that make bookkeeping easier for e-commerce sellers. Some of the key features include:

  • Automatic transaction import: Link My Books automatically imports the details of all transactions that make up payouts from Amazon or eBay, saving sellers time and effort.
  • Multi-currency support: Link My Books supports multiple currencies, making it easier for sellers to manage their finances across different marketplaces.
  • Real-time syncing: Link My Books syncs with QuickBooks Online in real-time, ensuring that sellers always have up-to-date financial data.
  • Customizable mapping: Link My Books allows sellers to customize the mapping of their sales channels to their accounting categories, making it easier to manage their finances.
  • Easy setup: Link My Books is easy to set up and use, with a user-friendly interface that guides sellers through the process.

In summary, Link My Books is a powerful tool that automates bookkeeping for e-commerce sellers, saving them time and effort. With its range of features and easy setup, it is a great choice for businesses looking to streamline their finances.

Integration with Accounting Software

As a user of Link My Books, I find it incredibly helpful how easy it is to integrate with my accounting software. Link My Books offers seamless integration with both Xero and Quickbooks, two of the most popular accounting software options out there.

Link My Books and Xero

Link My Books and Xero work together to provide a comprehensive accounting solution. The integration allows for automatic syncing of sales data, making it easy to keep track of all your income in one place. In addition, Link My Books and Xero work together to ensure that all your expenses are accurately recorded, saving you time and reducing the risk of errors.

Link My Books and Quickbooks

If you’re a Quickbooks user, you’ll be pleased to know that Link My Books also offers integration with this accounting software. The integration allows for automatic syncing of sales data, reducing the need for manual data entry. Additionally, the integration ensures that all your expenses are accurately recorded, making it easy to keep track of your finances.

Both integrations are incredibly easy to set up, with a guided setup wizard to help you along the way. Once set up, the integrations work seamlessly in the background, saving you time and reducing the risk of errors.

Overall, I find the integration with accounting software to be one of the most valuable features of Link My Books. Whether you use Xero or Quickbooks, the integration makes it easy to keep track of your income and expenses, saving you time and reducing the risk of errors.

Link My Books and Amazon

As an Amazon seller, I know how important it is to keep track of my sales and transactions. That’s why I was excited to try out Link My Books, a tool that promises to make syncing Amazon data to accounting software a breeze. In this section, I’ll share my experience linking Link My Books to Amazon and how it helped me manage my business finances.

Link My Books and Amazon Sales

Link My Books makes it easy to import Amazon sales data into accounting software like Xero or QuickBooks. After connecting my Amazon account to Link My Books, I was able to see a clear breakdown of my sales, including product name, SKU, and quantity sold. This made it easy to reconcile my Amazon sales with my accounting records and ensure that I was accurately recording revenue.

Link My Books and Amazon Transactions

In addition to sales data, Link My Books also imports Amazon transaction data. This includes information about fees, refunds, and other charges associated with selling on Amazon. By syncing this data to my accounting software, I was able to get a complete picture of my Amazon transactions and ensure that I was accounting for all expenses and revenue.

Link My Books and Amazon Settlement Files

Link My Books also supports importing Amazon settlement files, which provide a detailed breakdown of all transactions and fees associated with my Amazon account. This made it easy to reconcile my Amazon transactions and ensure that I was accurately recording revenue and expenses.

Overall, I found Link My Books to be a valuable tool for managing my Amazon finances. By syncing my Amazon data to accounting software, I was able to save time and ensure that my records were accurate. If you’re an Amazon seller looking to streamline your accounting processes, I’d definitely recommend giving Link My Books a try.

Importing and Managing Sales Data

Importing Sales Data

As an e-commerce business owner, managing sales data can be a daunting task. However, with Link My Books, importing sales data has become a breeze. With just a few clicks, I can import all my Amazon transactions into Xero, saving me a lot of time that I would have spent manually importing data.

Link My Books supports multiple currencies and handles all the different VAT scenarios that come with e-commerce sales. This means that I can have 100% confidence in my figures and often avoid overpaying VAT or tax on my sales.

Managing Sales Data

Once I have imported my sales data, managing it becomes easy with Link My Books. The platform automatically categorises transactions and matches them to the correct accounts, making reconciliation a breeze.

Link My Books also provides me with detailed reports, giving me insights into my business’s financial performance. These reports include sales by channel, refunds, and fees, among others.

The platform also supports multiple sales channels, including Amazon, eBay, and Shopify, among others. This means that I can manage all my sales data in one place, saving me time and reducing the risk of errors.

In summary, Link My Books has made importing and managing sales data a seamless process for me. The platform is easy to use, and the team is always available to answer any questions I may have.

Managing Expenses and Invoices

As a small business owner, managing expenses and invoices can be a time-consuming task. With Link My Books, I found that it was easy to manage both expenses and invoices in one place, which saved me a lot of time and effort.

Expense Management

Link My Books automatically imports Amazon settlement files, making it easy for me to keep track of my expenses. I was able to select the accounts and tax rates that apply to each type of expense, which made it easy to manage my finances.

I also found that Link My Books allowed me to categorise my expenses, which made it easy to see where I was spending my money. This helped me to make informed decisions about where to cut costs and where to invest more.

Invoice Management

Invoicing is an essential part of running a business, and Link My Books made it easy for me to create and manage invoices. I was able to generate invoices and bills in Xero, which saved me a lot of time and effort.

I found that Link My Books allowed me to customise my invoices, which meant that I could add my business logo and branding. This helped to give my invoices a professional look and feel, which was important for my business.

Overall, I found that managing expenses and invoices with Link My Books was a straightforward process. The platform was easy to use, and I was able to manage my finances in one place. If you’re a small business owner looking for an easy way to manage your expenses and invoices, I would recommend giving Link My Books a try.

VAT and Tax Management

As an e-commerce seller, managing VAT and tax rates can be a daunting task. However, with Link My Books, I have found it to be a breeze. The software has simplified the process, allowing me to focus on other aspects of my business.

Managing VAT

Link My Books has made it easy for me to manage VAT. The software automatically calculates VAT on my sales and purchases, ensuring that I am always compliant with HMRC regulations. It also generates VAT return reports, which I can easily submit to HMRC.

In addition, the software allows me to manage VAT across multiple sales channels. Each sales channel is treated as a separate entity, and VAT is calculated accordingly. This has saved me a lot of time and effort, as I no longer need to manually calculate VAT for each sales channel.

Managing Tax Rates

Managing tax rates can be a complex task, but Link My Books has simplified it for me. The software allows me to set up tax rates for each sales channel, ensuring that I am always compliant with local tax regulations.

In addition, the software automatically applies tax rates to my sales and purchases, saving me time and effort. It also generates tax reports, which I can use for my accounting purposes.

Overall, Link My Books has made managing VAT and tax rates a breeze. The software has simplified the process, allowing me to focus on other aspects of my business. I highly recommend it to any e-commerce seller looking to streamline their VAT and tax management processes.

Marketplace Integration

As an e-commerce seller, it can be time-consuming to keep track of sales across multiple channels and marketplaces. This is where Link My Books comes in. With its seamless marketplace integration, you can easily connect your preferred sales channels in just a few clicks.

Link My Books and Sales Channels

Link My Books offers integration with a variety of sales channels, including Amazon, eBay, Shopify, and Etsy. Once you’ve connected your sales channels, Link My Books will automatically download your sales data and organize it into easy-to-read reports. This saves you time and hassle, allowing you to focus on growing your business.

Link My Books and Marketplaces

In addition to sales channels, Link My Books also integrates with popular marketplaces such as Amazon and eBay. This means that you can easily manage your sales and inventory across these platforms from one central location. With Link My Books, you can keep track of your marketplace orders, fees, and refunds, all in one place.

Overall, Link My Books offers a comprehensive integration solution for e-commerce sellers. Its marketplace integration feature makes it easy to manage your sales and inventory across multiple channels and marketplaces. With Link My Books, you can streamline your bookkeeping and focus on growing your business.

Accuracy and Customer Support

Accuracy of Link My Books

I have found Link My Books to be a highly accurate software for managing my accounting needs. The platform offers a range of features that ensure that all my financial transactions are recorded correctly. The software’s automation capabilities have helped me save time and avoid errors in my accounting processes. Additionally, the platform integrates seamlessly with other software, making it easy to manage my finances across different platforms.

Customer Support

Link My Books boasts of excellent customer support. I have found their support team to be highly responsive and knowledgeable, providing me with prompt and accurate solutions to any issues I have encountered. The platform offers a range of support options, including email, chat, and phone support, making it easy to get in touch with their team. Additionally, the platform has an extensive knowledge base and help centre that provides users with helpful resources and guides.

In summary, Link My Books offers highly accurate accounting software with excellent customer support. The platform’s automation capabilities and integration with other software make it easy to manage finances across different platforms, while their responsive and knowledgeable support team ensures that users can get prompt and accurate solutions to any issues they encounter.

Pricing and Fees

Link My Books Pricing

When it comes to pricing, Link My Books offers three packages: Lite, Pro, and Premium. The Lite package costs $17 per month, the Pro package costs $29 per month, and the Premium package costs $56 per month. All three packages come with a 2-month free trial when you sign up for an annual subscription.

Link My Books Fees

Link My Books does not charge any additional fees beyond the monthly subscription fee. However, it is important to note that there may be fees associated with the payment gateway you use to process payments. For example, if you use PayPal, you may be subject to PayPal’s transaction fees. It is important to check with your payment gateway provider to understand their fees and charges.

Overall, I find Link My Books’ pricing to be competitive and transparent. The Lite package is a great option for small businesses or those just starting out, while the Pro and Premium packages offer more advanced features for larger businesses. Additionally, the 2-month free trial for annual subscriptions is a nice bonus that allows you to try out the software before committing to a longer-term subscription.

Conclusion

In conclusion, my experience with Link My Books has been positive. The software is user-friendly and has a range of features that make it easy to manage my bookkeeping and accounting needs. The following are my observations based on my experience:

  • Information: Link My Books provides detailed and accurate information on my financial transactions, which makes it easy to manage my finances.
  • Likelihood to recommend: I would definitely recommend Link My Books to other small business owners who are looking for a reliable and easy-to-use bookkeeping and accounting software.
  • Statements: Link My Books has helped me to save time and reduce the stress of managing my finances. The software is reliable and I have not experienced any issues with it.

Overall, I am satisfied with my experience with Link My Books and would recommend it to other small business owners.

Author
Tom P
Hi, I'm Tom Paddock! An Amazon & eBay seller, who has helped over 10,000 people start their own online business. I provide cutting-edge techniques to help sellers with Online Arbitrage, Retail Arbitrage & Wholesale on Amazon.
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