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Mercury + Ottit
Mercury accounts, reconciled every month
Mercury is a fintech (not a bank; banking through Choice Financial Group and Column N.A., Members FDIC) with $0 a month business checking, free ACH and domestic wires, IO cards, bill pay and invoicing; Plus ($35 a month, waived until 31 December 2026 per its pricing page) and Pro ($299 a month) add recurring invoicing, unlimited 1099s and a relationship manager. Ottit connects Mercury feeds to QBO or Xero, sets up sub-accounts for reserves and reconciles all of them monthly.
Trusted by 100+ of your favorite DTC & CPG brands
How the data flows
One day in the ledger
What a single entry looks like in your ledger once Ottit has mapped it. One line per component, so margin by channel and the balance sheet fall out of the books instead of a spreadsheet.
| Line | Debit | Credit |
|---|---|---|
| Amazon settlement deposit1000 · Mercury checking | 21,440.50 | |
| Amazon clearing1230 · Undeposited: Amazon | 21,440.50 | |
| Totals | 21,440.50 | 21,440.50 |
Setup and monthly work
Ottit transformed our messy spreadsheets and broken 2021 tax filing into perfect QuickBooks books in just 4 weeks. They set everything up as I wanted, integrated our tech stack, and handled our back office.
Who it's for
- 4.1DTC brands and startups banking on Mercury
- 4.2Founders who want a sales tax and inventory reserve structure
- 4.3Companies using IO cards for ad spend
- 4.4Teams with $250K+ balances using Mercury Treasury
QuickBooks Online
Xero
Bill.com
StripeQuickBooks OnlineXeroBill.comStripe"Amazing bookkeeping agency! really understand ecom and very granular about different channels and contrarevenue accounts which can get very complicated across the sheer transaction volume necessary in ecom."
"I've NEVER worked with a firm as great as Ottit. My books have been a mess for years and I never kept track of anything."
Questions
Is Mercury free to use with Ottit?
Mercury's core plan is $0 a month; you only pay Mercury for optional plans or international FX. Ottit's fees are separate and published on our pricing page.
Do you need Mercury Plus or Pro?
Only if you want recurring invoicing, unlimited 1099s or NetSuite categorizations. Most ecommerce brands do fine on the free plan with Ottit handling the books.
How do sub-accounts show up in the ledger?
Each sub-account is its own bank account in QBO or Xero; transfers between them are booked as transfers, not income or expense.
Does Ottit handle Mercury Treasury?
Yes. Treasury balances, yield and the 0.15%–0.60% annual fee are booked and reconciled monthly.
Keep reading
Already on Mercury? Let us look at the mapping.
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