Linkmybooks

What is linkmybooks

Linkmybooks is an automated bookkeeping connector that consolidates sales platform data, payment provider settlements, and bank transactions into accounting journals and ledger entries. It sits between marketplaces/payments and accounting systems to translate platform-specific settlement formats into accounting-friendly records, reducing manual reconciliation work. The platform is commonly used by ecommerce merchants and bookkeeping services that need consistent, auditable books across many sales channels.

The core value is normalization: Linkmybooks reads raw settlement reports, maps items, taxes, discounts, shipping and fees, and creates summarized or fully detailed accounting entries. It can either post consolidated daily summaries or granular per-order transactions depending on client needs and accounting preferences. Linkmybooks also maintains a history of mappings and adjustments so accountants can trace entries back to original settlements.

Operationally, Linkmybooks supports multi-entity bookkeeping, currency conversion for cross-border sellers, and rules-based allocation of platform fees and tax liabilities. The tool includes dashboards for reconciliation, automated mapping rules, exception alerts for mismatches, and an audit trail for all posted entries. For accountants, it offers white-label reporting and multi-client management features.

Linkmybooks features

What does linkmybooks do?

Linkmybooks ingests settlement files and API feeds from marketplaces and payment processors, parses line-level data, and applies configurable mapping rules to generate accounting entries. It can generate daily, weekly, or per-settlement journal entries and post them to the target accounting system. The platform supports both summarized entries for volume sellers and granular per-order entries for merchants who need order-level visibility.

The tool includes automated reconciliation workflows that match posted entries against bank deposits and payment provider settlements, flagging discrepancies for review. It provides a rules engine for categorizing revenue, fees, sales tax, discounts and shipping to specific accounts, and can create clearing accounts for refunded or disputed transactions. Mappings are reusable across clients and can be overridden at SKU, marketplace or merchant level.

Additional features include multi-currency conversion with configurable FX account handling, tax reporting exports, refund and chargeback management, detailed activity logs, and role-based access controls for bookkeeping teams. The platform also offers templates and presets for common marketplaces and payment providers to speed setup.

Linkmybooks pricing

Linkmybooks offers these pricing plans:

• Free Plan: $0/month with limited connectors and manual import only
• Starter: $29/month per account with core connectors and daily summary posting
• Professional: $99/month per account with granular posting, reconciliation tools, and priority support
• Enterprise: Custom pricing for high-volume merchants and multi-entity accounting with dedicated onboarding

Pricing typically scales by number of connections, transaction volume, and whether you post detailed per-order entries or summarized journals. Add-ons such as advanced mapping workflows, custom integrations, or white-label reporting may incur additional fees. Check Linkmybooks' current pricing tiers (https://linkmybooks.com/pricing) for the latest rates and enterprise contract options.

How much is linkmybooks per month

Linkmybooks starts at $29/month for the Starter plan when billed monthly. Monthly billing is available for Starter and Professional tiers; Enterprise is quoted on request and may include setup fees and volume discounts.

The Starter tier covers basic connectors and summary-level posting; the Professional tier at $99/month enables detailed per-order posting, advanced reconciliation and higher API call limits. Large merchants with heavy transaction volume will typically move to Enterprise pricing with per-transaction or seats-based pricing.

How much is linkmybooks per year

Linkmybooks costs $348/year for the Starter plan when billed annually (equivalent to $29/month). The Professional plan billed annually is typically $1,188/year (equivalent to $99/month). Enterprise annual pricing is negotiated and often includes onboarding and SLA commitments.

Annual billing usually includes a discounted rate compared with month-to-month billing and may require a 12-month commitment for enterprise discounts. Volume-based discounts, partner pricing for accounting firms, and multi-client bundles are commonly offered for annual contracts.

How much is linkmybooks in general

Linkmybooks pricing ranges from free to custom enterprise rates, generally between $0 and $99+/month per account. Small merchants with only a couple of connectors can often use the Free or Starter plans, while mid-market sellers who need granular posting and robust reconciliation typically fall into the Professional tier. Enterprise customers with multiple entities, high transaction volumes or custom integration needs will receive custom quotes.

Total cost of ownership should account for additional implementation time, potential mapping setup fees, and any paid add-ons for integrations or advanced reporting. Accounting practices that use Linkmybooks across clients should evaluate partner or volume pricing options to lower per-client costs.

What is linkmybooks used for

Linkmybooks is used to close the gap between raw marketplace settlements and an organization’s accounting ledgers. Ecommerce sellers use it to automate posting of revenue, fees, refunds and taxes into platforms like QuickBooks Online and Xero. It eliminates spreadsheet-based reconciliation and reduces bookkeeping errors from manual mapping of complex settlement formats.

Bookkeeping and accounting firms use Linkmybooks to standardize client bookkeeping across dozens of marketplaces and payment processors. The platform enables firms to apply consistent mapping templates, reuse rules across clients, and scale operations while preserving auditability. Firms also use the platform’s multi-client dashboards to prioritize exception handling and manage throughput.

Finance teams adopt Linkmybooks to improve month-end close speed and accuracy. The tool’s reconciliation workflows and clear audit trails accelerate investigation of deposit discrepancies, refunds and chargebacks, and make sales tax reporting more reliable by preserving item-level tax and fee data.

Pros and cons of linkmybooks

Linkmybooks delivers several advantages for ecommerce accounting but has trade-offs to consider. The strengths include automation of repetitive tasks, improved reconciliation accuracy, and support for cross-platform normalization. This reduces manual effort and helps keep books tax-ready.

Limitations to consider are the setup time required to create accurate mapping rules for complex catalogs and the potential costs for high-volume posting if granular per-order entries are enabled. Organizations with unusual business models or heavily customized marketplaces may require professional services or custom integrations.

Operationally, Linkmybooks' reliance on third-party APIs means that connector availability and data latency can vary by platform, and occasional changes to marketplace settlement formats can require configuration updates. However, the platform’s templates and professional onboarding options mitigate most of these issues.

Linkmybooks free trial

Linkmybooks typically offers a trial period for new users to validate connectors and basic mappings. Trials usually allow connecting one or two platforms, running several settlement imports, and testing posting to a sandbox or connected accounting system. The trial helps teams evaluate whether summaries or per-order posting fits their workflow before committing to a paid plan.

During the trial, users can test reconciliation features and see how Linkmybooks maps taxes, discounts and fees. Most trials also include access to documentation and limited support to accelerate onboarding. If additional setup assistance is required, paid onboarding options are available.

Switching from trial to a paid plan preserves configurations and mapping rules so there is no duplicate work. Enterprises often combine trial validation with professional setup services to ensure production readiness at go-live.

Is linkmybooks free

Yes, Linkmybooks offers a Free Plan. The Free Plan allows manual imports and a small set of connectors suitable for very small sellers or evaluation purposes. It has limitations on API usage, number of connections, and automation features compared with paid tiers.

The Free Plan is useful for single-channel sellers or accountants who want to test mapping presets. For automated, high-volume or multi-channel operations, the Starter or Professional plans are typically necessary.

Linkmybooks API

Linkmybooks provides a RESTful API and webhook support to automate data flow and integrate with internal systems. The API exposes endpoints for connector management, settlement ingestion, mapping templates, journal generation and reconciliation status. Developers can programmatically create mappings, trigger imports, and retrieve posting results for use in custom reporting.

Authentication is typically handled via OAuth2 for third-party connector flows and API keys for server-to-server automation. Webhooks notify external systems of posting events, reconciliation exceptions, and mapping changes so bookkeeping platforms and ERPs can react in real time. The API rate limits and scopes are documented in the developer portal.

For integration details and endpoint references, consult Linkmybooks' developer documentation and API reference at their API docs (https://linkmybooks.com/docs/api) which lists sample requests for posting journals, retrieving settlements and subscribing to webhooks.

10 Linkmybooks alternatives

• QuickBooks Online — Widely used cloud accounting with native bank feeds and many marketplace integrations; stronger as a full accounting product rather than a connector layer.
• Xero — Cloud accounting platform with strong bank feed and app ecosystem; often paired with connectors for marketplace-specific reconciliation.
• Bench — Outsourced bookkeeping service that combines software and human bookkeepers; good for merchants who want full-service bookkeeping.
• FreshBooks — Invoice-first accounting software favored by small service businesses; less focused on multi-channel ecommerce reconciliation.
• Zoho Books — Cost-effective accounting suite with multi-module integrations suitable for smaller businesses.
• Wave — Free accounting product with basic bank and payment integrations for solopreneurs and very small businesses.
• A2X — Connector specialized for Amazon and Shopify settlements; excels at per-order and per-settlement accounting exports.
• TaxJar — Sales tax automation with reporting and filing; complements bookkeeping connectors by handling tax calculation and filings.
• Recurly — Subscription billing-specific tool with invoicing and revenue recognition hooks; useful for subscription-based sellers.
• Stitch Labs — Inventory and order management with integrations into accounting; useful where inventory-level accuracy is required.

Paid alternatives to linkmybooks

• QuickBooks Online — Comprehensive accounting platform with many native integrations and third-party connector apps; often chosen by small businesses and accountants.
• Xero — Popular cloud accounting solution with a large marketplace of add-on apps and bank feed coverage.
• Bench — Paid bookkeeping service that combines software with human bookkeepers who manage monthly reconciliation and reporting.
• A2X — Paid connector that specializes in marketplace settlement translation and accounting exports, frequently used alongside Xero or QuickBooks.
• Sovos or TaxJar + Connector Bundles — Paid tax and compliance suites that integrate with bookkeeping connectors to provide filing and tax calculations.

Open source alternatives to linkmybooks

• GnuCash — Open source accounting application suitable for single-entity books; lacks native marketplace connectors but can be used with custom ETL scripts.
• ERPNext — Open source ERP with accounting, inventory and integration capabilities; requires development work to connect marketplaces reliably.
• Odoo (Community) — Modular open source ERP with accounting and connectors available through community modules; customization needed for marketplace normalization.
• LedgerSMB — Open source accounting and ERP system; suited to teams that can build ingestion scripts for marketplace data.
• KMyMoney — Personal finance and small-business oriented open source tool; requires custom scripting for automated marketplace reconciliation.

Frequently asked questions about Linkmybooks

What is Linkmybooks used for?

Linkmybooks is used to automate bookkeeping for multi-channel ecommerce and payment integrations. It ingests settlements and payment reports, maps income, fees, taxes and refunds to accounting chart of accounts, and posts journal entries to accounting systems. The tool reduces manual reconciliation and helps maintain audit-ready ledgers.

Does Linkmybooks integrate with QuickBooks and Xero?

Yes, Linkmybooks offers native posting integrations for QuickBooks Online and Xero. It can post summarized or detailed journals directly into these accounting systems and maintain references to original settlements for audit purposes. Integration settings include account mapping, posting frequency and clearance account options.

How much does Linkmybooks cost per account?

Linkmybooks starts at $29/month for the Starter plan. The Professional plan is typically $99/month and Enterprise pricing is quoted per customer depending on volume and custom requirements. Volume discounts and partner pricing are commonly available.

Is there a free version of Linkmybooks?

Yes, Linkmybooks provides a Free Plan. The Free Plan supports manual imports and a limited set of connectors suitable for testing or very small operations, but lacks advanced automation and high-volume posting features found in paid tiers.

Can Linkmybooks handle multi-currency settlements?

Yes, Linkmybooks supports multi-currency processing and FX handling. It converts settlement amounts using configurable exchange rates, posts currency gains/losses to appropriate accounts, and allows per-entity currency settings for multi-entity businesses.

Does Linkmybooks provide an API for integrations?

Yes, Linkmybooks exposes a REST API and webhook endpoints for automation. The API allows management of connectors, submission of settlements, retrieval of generated journals, and subscription to posting or reconciliation events. API documentation and sample payloads are available in their developer docs.

How secure is Linkmybooks with financial data?

Linkmybooks follows common security practices for financial SaaS, including HTTPS transport and role-based access controls. They typically support OAuth2 for connector authentication, store credentials in encrypted form, and maintain logs for audit. Enterprise customers can request information on SOC 2 or other compliance attestations as part of procurement.

Can I use Linkmybooks for sales tax reporting?

Linkmybooks captures tax amounts from settlements and maps them to tax accounts for reporting. While it helps prepare tax data and preserves transaction-level tax details, many users pair it with dedicated sales tax filing services like TaxJar for automated filing and jurisdiction-level tax calculations.

How does Linkmybooks handle refunds and chargebacks?

Linkmybooks tracks refunds and chargebacks as separate settlement items and posts corresponding reversing entries. The platform can map them to designated refund or chargeback accounts and will flag any deposit shortfalls that require manual review during reconciliation.

What onboarding and support options does Linkmybooks offer?

Linkmybooks offers onboarding assistance and priority support on paid plans. Starter and Professional customers get documentation and email support, while Enterprise customers receive dedicated onboarding, configuration help and SLA-backed support. Professional services are available for complex mapping and multi-entity setups.

linkmybooks careers

Linkmybooks hires across product, engineering, customer success and accounting operations roles to support their connector and reconciliation platform. Teams often include accountants, developers experienced in REST APIs and integration specialists who manage connector reliability and marketplace-specific parsing. Candidates with ecommerce, payments or bookkeeping experience are commonly sought.

Linkmybooks positions typically list responsibilities such as connector development, customer onboarding, mapping rule creation and support for accounting teams. Remote roles are common given the SaaS nature of the product and the need to support geographically distributed merchants.

The company also invests in developer and partner programs, hiring SDK and integration engineers to expand its ecosystem of connectors and third-party apps.

linkmybooks affiliate

Linkmybooks runs a partner and affiliate program that rewards bookkeeping firms and consultants for referring customers. The affiliate program usually offers commission on first-year subscription revenue or recurring referral fees depending on the partner tier. Accounting partners can access co-branded onboarding materials and prioritized onboarding support.

Partners typically receive training on mapping best practices, custom templates for client onboarding, and access to partner portals for tracking referrals and revenue. Interested affiliates should check Linkmybooks' partner page for current terms and sign-up details.

Where to find linkmybooks reviews

User reviews for Linkmybooks can be found on software review sites and accounting-focused marketplaces where users discuss connector reliability, onboarding experience and reconciliation accuracy. Look for reviews on ecommerce and accounting communities, independent review platforms, and specialist bookkeeping forums to gauge real-world experiences.

Prospective buyers should read case studies and customer testimonials on Linkmybooks' site, compare notes on setup time and integration coverage, and ask for references from similar industry verticals to validate performance before purchase. External review platforms also surface comments about customer support responsiveness and uptime for connectors.