Xero Bridge By Parex: An In-Depth Review (Pros, Cons & More)

Xero Bridge By Parex is an application that allows you to sync your Shopify data with your Xero account. This syncing can be helpful if you're looking to keep your finances in order, as it eliminates the need to manually input data into both applications.

With this app, you can sync all your customers, products, and orders, so you always have an accurate view of your Shopify data in Xero. It also allows you to create invoices and track payments directly from within Xero.

This article will look at how Xero Bridge By Parex works and discuss some of the pros and cons of using this app.

How Does Xero Bridge By Parex Work?

This application syncs all your Shopify data with your Xero account - meaning you’ll always have an accurate view of your sales and finances. 

It works by automatically importing your Shopify data into Xero. This includes importing your customers, products, and orders.

By syncing your data in this way, you can avoid the hassle of manually inputting information into both applications. It saves you a lot of time and effort as you won't need to switch between applications to get a complete view of your financial data.

It's worth noting that Xero Bridge By Parex integrates with several other accounting platforms, including QuickBooks.

Features

Xero Bridge By Parex aims to help businesses streamline their accounting process. It offers a wide range of features, including:

Daily Automated Sync

When searching for accounting software, it's crucial to find one that will automatically sync your bank accounts and other online platforms. Xero Bridge By Parex does just that, so your data is always up-to-date.

Order Sync

If you have pre-paid orders or products that you need to track, Xero Bridge By Parex can help. 

The order sync feature updates your Xero account at various intervals depending on the plan. Order Sync is an excellent feature for businesses looking to keep track of their inventory and ensure they're constantly making a profit.

Tax & Shipping Lines

One of the most important aspects of any accounting software is its ability to handle taxes and shipping. Xero Bridge By Parex can do both, so you can rest assured that your data is always accurate.

Having accurate tax and shipping information is essential for staying compliant and keeping your business running smoothly.

Reporting

Xero Bridge By Parex offers a wide range of reporting options, so you can always get the information you need when making crucial business decisions. With Xero Bridge By Parex, you can view:

• Sales and expenses: This summary is a great way to get an overview of your business's financial status.
• Sales by product or category: You can decide which products are selling the best and adjust your inventory accordingly with this breakdown.
• Expenses by category: This report can help you find areas where you can save money and improve your bottom line.
• Summary of your invoices: With this summary, you can track which customers are late in paying their bills and take appropriate action.
• Summary of your payments: Use this report to keep track of how much money you're owed and when it's due.
• Get an overview of your account balance and recent transactions: This overview can help you stay on top of your finances and ensure you're always in the black.

The reporting options in Xero Bridge By Parex are comprehensive and easy to use to get the information you need quickly and easily.

Inventory Sync Add-on Feature

If you're using Shopify to manage your inventory, the Inventory Sync Add-on Feature is a great way to keep track of your stock. 

This add-on syncs your Shopify account with Xero so that you can keep track of everything in one place. 

Pros

There are several reasons why Xero Bridge By Parex is a good choice for businesses:

• It's easy to use: The user interface is straightforward to navigate. You'll be able to get up and running quickly, without any hassle.
• It's comprehensive: The features in Xero Bridge By Parex are extensive and can meet the needs of businesses of all sizes.
• Reliable customer care: Xero Bridge By Parex is a well-established software solution with a  trustworthy and dependable customer support team.

Cons

There are a few downsides to using Xero Bridge By Parex:

• The setup: Xero Bridge By Parex is not the easiest accounting software on the market to install. 
• Inventory component: Some users have the occasional problem with the inventory component. If this happens, you will need to get in touch with customer support and implement a manual workaround.
• Cost: Their premium pricing tier caps at 2,500 orders per month. If you have more orders, you will need to pay $0.01 for every additional order. 

Reconciley: A Competitive Alternative

With Reconcilely, you can rest assured knowing that your bookkeeping is always up to date. It syncs your Shopify orders, transactions, refunds, and more in real-time. 

By automating reconciliation, you end up saving loads of time and effort. You’ll have an accurate summary of what’s happening within your online store at all times.

Reconciley also offers three pricing tiers suited to all levels of merchants, with an unlimited order option for high-volume merchants. 

Key Takeaways

Overall, Xero Bridge By Parex is a good choice for businesses that need an accurate and comprehensive accounting solution. It's fairly easy to use and offers many features. 

However, if you’re looking for a powerful alternative, then try out Reconcilely with a risk-free 14-day free trial.