As an e-commerce merchant it can be difficult to maintain profit margins with the rising costs of shipping. Many carriers add shipping surcharges for both domestic and international orders.
You can improve your profit margins by understanding the different types of shipping surcharges and setting your own pricing accordingly.
When you as the merchant receive an invoice with a shipping surcharge, it can appear as a “service fee”, “handling”, or a variety of other labels.
In order to stay profitable, you must keep track of the shipping surcharges imposed by the different carriers.
If that were not complicated enough already, you also need to mark up your products accordingly and reconcile your QuickBooks account.
Keeping track of different shipping surcharges between various carriers, can quickly add up to many hours of manual data entry as well as human errors.
How Can You Mark Up Shipping and Stay Profitable ?
If you are being invoiced for shipping surcharges, you need to mark up the cost of your own shipping in order to stay profitable. In this section we will discuss how you can mark up shipping using Connex.
You can instruct Connex to mark up shipping by an amount. You can compare the shipping method field or another field of your choosing.
How does this work?
Here are the steps:
1.Sync an order from QuickBooks to your shipping solution.
2. Ship the order.
3. Update the QuickBooks sale with the shipping cost.
4. Connex will mark up the cost, which you will invoice to your customer.
If I want to add a dollar amount, how do I add the rule?
In this example, we will add $1.50 to shipping for orders shipping USPS:
1.Login to Connex.
2.On the right, click rules engine.
3. Add this rule.
You could use matches, if you want to say the method matches USPS. You could compare the shipping address region field, if you want to compare where the order ships.
If I want to add percent, how do I add the rule?
In this example, we will add 10% to shipping for orders shipping USPS:
To preview, login to Connex. Click manage. Click order previewer on the left. Enter the order number. Here is a before and after of the rule:
Can I add an item called handling to the sale?
You could configure our merchant fees feature to add an amount to each sale. The feature is built to add a negative number, but with proper settings a positive is added. Here are the steps:
1.Login to Connex.
3.Expand merchant fees.
4.In the name field, enter handling.
6. On the top right, click rules engine.
Add this rule.
We know that choosing the right tools for your accouting is essential for the growth of your business.
Is Connex the Right Tool For You to Add Shipping Surcharges?
Most of our customers sell on multiple ecommerce channels, such as Woocommerce, Shopify, Magento, and Amazon, just to name a few.
They want to grow their business, and they also value the peace of mind from knowing their books are always up to date and they can serve their customers.
Why Our Customers Chose Sync with Connex
Automatically sync online sales & inventory to QuickBooks Desktop or Online
You don’t have to spend your resources manually entering sales, inventory, and customers into your website and QuickBooks accounts.
Recommended by Intuit itself, Connex for QuickBooks will give you peace of mind that your inventory will be updated, and you will be free of the frustration of oversells and missed items.
When your inventory is up-to-date, you can achieve higher customer satisfaction, leading to more positive reviews, and increased sales.
Connex also integrates QuickBooks with all major ecommerce platforms such as Woocommerce, Shopify, Magento, Amazon and ecommerce shipping solutions such as Shipworks, Ordoro and Shipping Easy.
Taxes made simple
Use Connex to automatically track the incumbent tax of every single sale. Improve compliance and reduce human error.
100% US based support
Enjoy the easy of working with a company based in the US that understands your needs, cares about your business, and knows QuickBooks inside and out.
How can you decide whether Connex is right for your business?
-Full functionality for 14 days
-Sync up to 500 sales to QuickBooks Desktop or Online
-Complimentary email/chat/phone support during your free trial
Are you unsure whether Connex is right for your business?