GREENBACK BLOG

CONNECTED ACCOUNTING

Automate Your Online and In-Store Walmart Receipts

Aug 30, 2018

Automate Your Online and In-Store Walmart Receipts

How It Works

If you want to streamline your accounting, start by automating your Walmart receipts. They pile up fast especially for high-volume dropshippers. Greenback auto-fetches your itemized expense transactions so that you can see all of your Walmart accounts on one dashboard. You’ll have better insights, and less work. And no more manual data entry! Map your expenses like a pro and sync them to QuickBooks or Xero. You can customize your accounting export preferences like Itemized or Summary mode too. Track categories, assign sales taxes, bulk exports, and more. How does it work? Just sign up for Greenback and connect your Walmart accounts, and your accounting platform (optional). Follow the instructions below on how to shop online and in-store so that Greenback can capture your data on your behalf with your login credentials. Reconcile every cent with Greenback to save time and money.

How To Get Started

Sign up for a free or premium Greenback account at Greenback.com. Then connect your Walmart.com account(s) here: Greenback Integrations. Test your Walmart.com login credentials here if needed. Connect your accounting platforms (Optional).


 How to Pay at Checkout with the Walmart Pay app

Fig. 1 How to Pay at Checkout with the Walmart Pay app. Just scan the reader, wait for the tone, and go!


Online Ordering and In-Store Purchases

For online orders, make sure you are logged in to your account to capture your invoices. Do not order as a guest. They will be located in your Order History. Greenback can only capture transaction data that is already posted to your online account under Order History or Savings Catcher.

If you make in-store purchases, they are done differently. You will need to download the Walmart Mobile App onto your mobile device and follow the instructions for linking major credit/debit cards, Walmart branded gift cards/prepaid cards to Walmart Pay. (Avoid using other brands of prepaid cards since they don’t seem to work as well.) Walmart Pay doesn’t link to directly to checking accounts but you can use your debit card instead. You can even link Chase Pay as a payment method (excluding Chase Business or Chase Commercial).

When you arrive at the store to shop, click on the Walmart icon. At checkout, scan the QR code on the reader to pay with Walmart Pay. Wait for the tone, and go. See Figure 1 below. Make sure to always use Walmart Pay (under Services in the app) as your payment method in order to capture your in-store receipts. Press “Submit” to send them to Savings Catcher*. Walmart may take up to 72 hours to update your online account. Greenback can only capture transaction data that is already posted to your online account under Order History or Savings Catcher (Purchase History).


Important Update for May 2019

Your receipts will appear in your Savings Catcher until May 14, 2019 and under Purchase History thereafter.


Pro-Tip: For online orders, make sure to sign in. Do not order as a guest. Receipts/invoices are located in your Order History. For in-store purchases, be sure to use Walmart Pay so that they can be included in your account as well.


How to Add In-Store Receipts

If you forgot to use Walmart Pay or paid with cash, you can still automate your paper receipts. Just click on the Walmart icon, then the barcode icon, and scan the QR/barcode image (or input the TC number) on your receipt. Your receipts will appear in your Savings Catcher until May 14, 2019 and under Purchase History thereafter.


Dropshippers: To get a corporate discount (on gift cards only), you can apply for a corporate account to take advantage of the gift card bulk discount, easy reloading features, and additional ways to pay for cards and reloading such as wire transfer, credit card, etc.


For Walmart Marketplace Sellers, we may have a solution to automate your sales, sale-related fees, refunds, and expenses in your Walmart Seller account. To find out more, just shoot us an email at: ping@greenback.com


Best Accounting Practices for Business Expenses

Keep Business Accounts Separate

At Greenback, we recommend keeping personal expenses separate from business ones whenever possible. It’s mixing assets if they are together. Have consumer credit cards and non-commercial accounts set aside for business use only to help track your expenses.

Use Debit and Credit Cards Instead of Cash

Use debit and credit cards whenever possible rather than cash so that it is easier to track by payment method using the last ****4 digits.

Avoid Digital Wallets

Transaction details that are readable in digital wallets are not official receipts for tax compliance. You do still need your original receipts as supporting documents for tax compliance. We recommend paying with a credit card so that receipts can be tracked by the last 4 digits of your card, store location, amount, line items, etc.

Only Use Business Funds to Pay for Tax-Exempt Purchases

If you make tax exempt purchases with a tax exemption certificate, it’s required by law that the purchases must be paid for with the tax-exempt organization’s funds only.

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