XERO is a modern age accounting platform which you can use to manage your customer invoice and business expenses. Running an online shop has its challenges and one of those is doing your reconciliation, stock taking, BAS and yearly tax returns.
Fortunately to make this process easy shopify has a few XERO plugins which makes this task easy for you so you can focus on what you do best, selling products?
There are quite a few guides on how to integrate Shopify with XERO so that your sales can sync real-time into your bank statements automatically allowing you to product your reports and make quick business decisions based upon the numbers.
Here are what I think are the top 7 Shopify XERO and Accounting Plugins and the features, pros and cons of each one.
Xero is one of the world’s leading online accounting solutions and is incredibly easy to use. With Carry The One’s integration service, you can import all your orders into Xero as invoices, automatically creating payments, payment fee transactions and inventory items. No more Excel spreadsheets or copy and pasting. Customer records are created automatically and invoices are intelligently matched to existing customers.
A Zap is a connection between two apps made of a trigger and an action. Whenever the trigger event happens, Zapier will automatically make the action event happen for you. Xero is an accounting app that lets you track businesses expenses and accounting with intuitive mobile apps and web interfaces for point-of-sale, ecommerce, time-tracking, and more.
Shopify works with TradeGecko to empower merchants selling through e-commerce stores to automatically sync sales with stock levels, invoices and order fulfillment. Easily control your stock in multiple locations, manage sales and purchase orders in a click, and even automate backordering.
Sync your Shopify orders to your Xero account and enjoy seamless financial reporting with just a couple of clicks. Save time by automatically exporting orders. Make accounting easier by linking products from Shopify to Xero. Track online store customers through Xero for simpler reporting.
Instantly track your sales revenue in Xero. The customer is automatically created in Xero when an order is placed in Shopify. If the details have changed, they’re updated. Adding a product in Shopify automatically adds a product in Xero. Any updates to the product are also passed to Xero. Connect your other online stores (e.g. eBay) and all the services you use to run your business, including fulfillment, shipping, inventory management, CRM and email marketing.
TaxJar’s local jurisdiction reports show you sales and sales tax collected not only for each state you’re collecting in, but for local jurisdiction (counties, cities, special jurisdictions, etc). Automatically file sales tax returns directly to the states for you. One click and your sales tax responsibilities are over. Your dashboard shows you how much you’ve collected in sales tax for any state you have nexus and when you next payment is due.
OneSaas gets Shopify working happily with your accounting, fulfillment, shipping, inventory management, CRM and email marketing apps. Automatically transfer information like orders, stock levels, contacts, shipping labels and shipping tracking.
Use AccountEdge for your accounting and business management needs, and sell online or in store with Shopify. The Connector will sync your data between the two apps; no more rekeying data. When setting up for the first time you can pull information (products, variations, and images) down from an existing Shopify store or push it up to Shopify from AccountEdge.
Wrapping it up
You may or may not need to integrate Shopify with XERO but if you don’t it is certain you’ll have to manage your stock and numbers manually. And that includes your sales which are through Paypal, which are harder to track as they are not individually transferred to your bank but usually in bulk when you initiate.
Let me know what you think of these apps and if you have any which I may have missed please leave a comment, thanks for reading!