Intuit QuickBooks Adds Omni-channel Commerce Capabilities by Acquiring TradeGecko

Greg has been writing, publishing and working with content for more than 20 years. His outdoors motto is ”I wish I hadn’t brought my headtorch’, said nobody, ever’. QuickBooks can automatically bring in your orders and payouts from your connected online sales channels so that nothing falls through the cracks. It keeps everything in control for me and helps me keep a clear eye on the business. The main reason why I love it is how easy it is to fulfil orders — I automatically see all my Shopify orders, get a easy pick list and send through customer data straight to my 3PL so it’s really smooth.

If your business used multiple warehouses to fulfill orders, TradeGecko could help you simplify your inventory control. Like most other inventory systems that support multiple warehouses, TradeGecko allowed you to view stock levels and performance at each location. And you could easily transfer stock between warehouses if one location ran low. TradeGecko users could set up a customizable B2B ecommerce website, which allowed your wholesale customers to shop your products (and see real-time stock numbers) on their own time. You could also choose featured products and deals to display. TradeGecko’s customer service was also pretty spotty if you didn’t have a Business plan or higher.

  1. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.
  2. We did a deep dive into TradeGecko’s cloud-based platform to see what the service did well—and what it didn’t.
  3. That was a big problem for businesses that sold full packs to wholesalers as well as individual items to retail customers.
  4. The system also inserted invoice payment due dates for you based on the payment terms you specified in advance.
  5. There are two parts to this question, based on whether your business is inside or outside the United States.

TradeGecko was a cloud-based inventory management solution operated by TradeGecko PTE Ltd. The service allowed you to track your inventory in real time, process invoices, fulfill customer orders from multiple sales channels, and more—all within a single platform. In 2020, TradeGecko was acquired by QuickBooks and subsequently shut down in order to become QuickBooks Commerce. First and foremost, TradeGecko was one of the only inventory management platforms to offer a fully customizable B2B ecommerce website for its users.

e-commerce trends small businesses should know about

Enterprise comes packed with features that help you optimize and automate inventory management from the warehouse to your customer’s doorstep. With visibility across your entire system, you can see what’s in stock, what’s on order, and where each item is located so you can make the best real-time business decisions. The primary strategy for QuickBooks in buying TradeGecko was clearly not to sell accounting software to its newly acquired customer base. At $80 million for a few thousand inventory management users, that would never make sense.

Works with your favorite apps

Like our other features, this information syncs to QuickBooks, so you have clear and accurate information in both cloud solutions. TradeGecko automatically synchronizes income/sales, purchases, payments, cost of goods sold, stock purchases, and inventory values with QuickBooks. When a sales order is finalized and invoiced in TradeGecko, the total amount on the invoice is immediately pushed to QuickBooks to create an invoice for payment. Once you create an Active Purchase Order in TradeGecko, a bill immediately syncs to the QuickBooks Online account. Additionally, tax settings are imported directly into TradeGecko to ensure your records in both QuickBooks and TradeGecko are accurately synced.

What users think of Gekko

QuickBooks Desktop Enterprise offers powerful solutions to efficiently manage the order fulfillment process. We’re focused on integrating QuickBooks Commerce and QuickBooks Online as a central platform beginning with our US-based customers. As we continue our journey to build a more durable integrated product to help our customers grow their businesses, we continue to develop commerce accounting capabilities into QuickBooks Online worldwide.

This feature helped you predict customer demand for each of your products in advance so you never had to worry about stockouts. This review was written with the old TradeGecko platform in mind. If you are looking for a similar inventory management system, QuickBooks has developed QuickBooks Commerce. For regular inventory inventory management from QuickBooks, check out our review. Each tier is tailored to accommodate the different needs of small- to large-scale enterprises.

One of the more prominent names in this particular market, its makers have placed an emphasis on international business. Companies all over the world use this product, from how to get funding for a startup a beginners guide Australia to the US, Hong Kong, the UK, and more. Best of all, TradeGecko users with a Business plan or higher could access TradeGecko’s built-in demand forecasting.

Get the tools you need to grow your business

Instead, the primary strategy (we can presume) was to gain an inventory management module it could upsell to its more than 3.2 million US QuickBooks Online user base. The number of stores you can connect with varies by QuickBooks Online version. The table below shows how many connections each QuickBooks Online version supports. Each sales channel has a time frame you can bring in data. You can set a close the books date in QuickBooks Online to prevent changes to be made before a specified date.

Connect your bank account

When COVID-19 upended the small business community, QuickBooks used its fintech experience to help its customers obtain more than $1 billion in SBA-funded PPP loans. QuickBooks Enterprise also makes an ideal option if you’re seeking an alternative to the accounting and business management solutions that can cost tens of thousands of dollars. Article by Greg Roughan in collaboration with our team of inventory management and business specialists.

Stick around and read our full QuickBooks Commerce review, as we’re about to go deep into what this platform has to offer. TradeGecko also simplified order fulfillment on backordered products. To use this feature, business owners would set up profiles for their wholesale clients that specified the pricing and discounts displayed for each customer.

That wasn’t a total deal breaker (especially considering the service’s in-depth online knowledge base), but it sometimes made the platform frustrating to use for business owners who weren’t super tech-savvy. Order management systems (OMS) manage all aspects of tracking and fulfilling sales orders. This can include order processing, forecasting, inventory management, and invoicing.

And as soon as I’m done it’s so enjoyable to mark them as packed and shipped then to have them wiped from the active orders. Today I lost 95% of my products from my website…POOF, gone! Today was also the day I cancelled the subscription and will be seeking compensation. Considering that TradeGecko is no longer in operation, we probably wouldn’t recommend it as a viable option for managing your inventory. Instead, we recommend checking out our list of the best inventory management software to see our other top picks.