General

Link My Books vs. PlugBooks: Best E-commerce Accounting

linkmybooks-vs-plugbooks

If you’re an e-commerce seller, finding the right accounting solution can make all the difference in managing your finances. Link My Books and PlugBooks are two platforms designed to automate accounting tasks by integrating with popular sales channels and accounting software.

This comparison will help you understand the key features, integrations, pricing, and support options for both platforms to decide which fits your needs best.

Link my books vs Plugbooks Overvie

Link My Books and PlugBooks aim to simplify accounting for e-commerce businesses by automating the reconciliation of sales, taxes, and fees. They both connect directly to accounting software such as QuickBooks and Xero, but each platform offers unique features and pricing structures that may appeal to different types of businesses.

Integrations

FeatureLink My BooksPlugBooks
Sales ChannelsAmazon, eBay, Shopify, Etsy, TikTok Shop, Walmart, Square, WooCommerceAmazon, eBay, Amazon pay
Accounting SoftwareQuickBooks Online, XeroQuickBooks Online, Xero

Link My Books supports multiple e-commerce platforms, making it a versatile choice for sellers with diverse sales channels. PlugBooks focuses on Amazon and eBay,Amazon pay offering a detailed solution for businesses primarily operating on these platforms.

Key Features

FeatureLink My BooksPlugBooks
Automated ReconciliationSales, refunds, fees, and taxesSales, taxes, and fees
Cost of Goods Sold (COGS)Yes, allows accurate profit calculationsPer payout and monthly  profit calculations
Financial AnalyticsProfit and Loss statements,Profit and Loss statements
Amazon PPC NoPer payout and Custome date
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Feature Highlights

  • Link My Books: Offers comprehensive features like COGS tracking and financial analytics, making it ideal for detailed financial management.
  • PlugBooks: Offers a user-friendly experience and has more customizable features. Once you’ve configured your reporting needs, it’s incredibly flexible and automates All of the bookkeeping process.

Pricing

PlanLink My BooksPlugBooks
Free Trial14-day trialFree plan for up to 500 orders, 3 months Free with monthly and 6 months free with yearly Plan
Starting Price$17 per month$20 per month
ScalabilityScales with sales volume and sales channelsScales with order volume

Link My Books provides a more tailored pricing structure based on order volume and connected channels, which may appeal to growing businesses.

PlugBooks Although slightly Lower in price, Plugbooks offers greater functionality and scalability for businesses that need advanced reporting, greater customization, and more integrations.

Check out: A2X vs. PlugBooks

Customer Support

Support AspectLink My BooksPlugBooks
Customer AssistanceDirect support with accountants and bookkeepersEmail and chat support
Onboarding HelpYes, guided setup availableYes, limited onboarding

Both platforms provide customer support, but Link My Books stands out by offering direct access to a team of accountants and bookkeepers, which can be helpful for businesses needing expert assistance.

Summary: Which is Best for Your Business?

FeatureLink my booksPlugBooks
Summarized & Reconciled Data in Xero/QuickBooks✔️✔️
Reconciling 1099-K & Bank Accounts✔️✔️
Syncs Every Sale, Tax, Expense, Return, and Adjustment✔️✔️
Track Recent Settlements Sent to QuickBooks/Xero✔️✔️
Free Onboarding by an Accounting Expert✔️
Auto-Post Settlements✔️✔️
Accurate Tax Reporting✔️✔️
Group SKUs for Bulk Sales Analysis✔️✔️
Cost Breakdown per SKU✔️
PPC Costs per SKU✔️
Returns/Losses/Adjustments per SKU
Bundles/Returns Mapped to SKU
Cost of Goods Sold per Settlement✔️✔️
Income, Refunds, Expenses, Profit✔️✔️
Cost of Goods Sold by SKU/Group✔️✔️
Breakdown of Income, Refunds, Expenses, Profit per SKU
Breakdown of All Fees per SKU
PPC Ad Spend ROI per Item✔️
Accurate Instant Profit & Loss✔️✔️
Calculate & Add Costs for Each Item✔️
Total Sales, Tax, Shipping, FBA Fees, Storage Fees✔️✔️
Breakdown of Latest Settlement Dashboard✔️✔️
Yearly Sales Principal Chart✔️✔️
View Sales by Fulfillment Type (FBA/FBM)✔️
Seamless Connection without Bookkeeping Apps✔️✔️
Retrieve CSV/PDF Settlement & Cost of Goods Reports✔️✔️
Monthly & Yearly Sales Reports in PDF & CSV✔️✔️

Link My Books including those selling on multiple channels or seeking in-depth financial analysis.

PlugBooks is an excellent option for businesses focused on Amazon and eBay that need a straightforward and cost-effective accounting solution.

Final Thoughts

Choosing the right accounting platform depends on your business’s specific needs, budget, and growth trajectory.

Link My Books offer advanced financial tracking and scalability.

PlugBooks if you needan easy-to-use, affordable and more customizable solution with detailed reporting, multi-platform support, and scalability for your growing business.

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