If you run an online Shopify business, accounting is an essential part of it. Luckily, accounting doesn’t have to be complicated.
We’ll show you how you can automate your bookkeeping and keep track of your sales and expenses more efficiently.
This guide will discuss the benefits of Shopify integration with Xero and show you how to do it using Reconcilely. Let’s get started and enhance your eCommerce accounting!
Why Integrate Shopify With Xero?
Shopify integration with Xero is essential for any online business for the following reasons:
Rather than manually entering your sales and expenses into Xero, Shopify will do it automatically for you. This means spending more time running your business instead of doing paperwork.
Shopify integration with Xero can save you time and effort by automating bookkeeping.
Track Sales And Expenses
Another benefit of Shopify integration with Xero is tracking your sales and expenses more effectively.
All your data will be in one place, making it easy to see how much money you’re spending and where your sales are coming from.
This valuable information can help you make better decisions to grow your online business.
Fast And Accurate Data Entry
Shopify integration with Xero also results in faster and more accurate data entry.
You can automatically import all your Shopify data into Xero, so you won’t have to worry about manually entering it.
This automation will help prevent errors in your bookkeeping, which could otherwise cost you money.
Make Better Decisions
Finally, Shopify integration with Xero can help you make better decisions about your business.
You’ll have access to all of your sales and expenses in one convenient place. Here you can see where you’re spending too much money or where you could be making more sales.
6 Easy Steps To Integrate Shopify With Xero
By integrating Shopify with Xero, you can make your eCommerce accounting more efficient, save time and effort.
Below is a step-by-step guide on how to integrate Shopify with Xero:
Step One: Download And Install The Xero App On Shopify
This step is effortless. You need to go to the Shopify App Store and search for “Xero.” Once you’ve found the app, click on the “Install” button.
Step Two: Connect Your Shopify Account To Xero
Now that you’ve installed the app, it’s time to connect your Shopify account to Xero.
To do this, click on the “Connect” button in the app. You will then be redirected to a page where you can enter your Xero credentials.
Step Three: Choose Your Payment Plan
After you’ve connected your Shopify account to Xero, you must choose a payment plan. Choose a plan based on your needs.
Step Four: Accept Terms And Conditions
The next step is to accept the terms and conditions. After reading and agreeing to the terms, click on the “Accept” button.
Step Five: Set Up Automatic Reconciliation
Now that you’ve connected your Shopify account to Xero, it’s time to set up automatic reconciliation. This will ensure that all of your Shopify data is imported into Xero automatically.
Click on the “Reconcile” tab in the app and select the “Auto-reconcile” option.
Step Six: Configure Your Shopify Settings
The last step is to configure your Shopify settings. To do this, click on the “Settings” tab in the app. You can select which Shopify data you want to import into Xero.
That’s it! You’ve successfully completed Shopify integration with Xero.
Simply For Your Bookkeeping With Reconcilely
You can make Shopify integration with Xero even better when you use Reconcilely.
Reconcilely is an app that automates the reconciliation process between Shopify and Xero. This app will automatically import all of your data into Xero without you having to lift a finger.
Reconcilely can also help you save time and money by identifying errors in your bookkeeping. It uses artificial intelligence to reconcile your data, ensuring that all of your transactions are accurate.
This reconciliation app is designed to reconcile your Shopify and Xero accounts as efficiently as possible.
You can connect your Shopify store to your Xero account and start importing your transactions automatically in just a few clicks.
Once Reconcilely has imported your transactions, it will match them with any corresponding invoices or bills in Xero. This way, you can ensure that all Shopify transactions are accounted for in Xero.
In addition to reconciling your accounts, the Reconcilely app can also help you save time on bookkeeping tasks like creating invoices and issuing refunds.
With its automation features, you can eliminate the need to enter data into your accounting software manually.
Why Use Reconcilely?
There are a few different reasons you should use Reconcilely to reconcile your Shopify and Xero accounts. They include:
Swift Order Syncing
When we talk about Shopify integration with Xero, one of the main reasons to do so is for immediate order syncing.
With Reconcilely, your Shopify orders will automatically sync with Xero, eliminating the need for you to enter data manually.
Smart Payout Accounting
Another reason to use Reconcilely is for its innovative payout accounting features. You can automatically create invoices in Xero for each of your Shopify payouts.
If you sell products in multiple currencies, Reconcilely can help you easily track your transactions.
It can automatically convert your Shopify transactions into your home currency, so you don’t have to worry about manually converting currencies.
Accuracy is an important feature to look for in a Shopify reconciliation app.
Reconcilely helps improve the accuracy of your Shopify accounting records by automatically matching your Shopify transactions with the corresponding invoices and bills in Xero.
Shopify integration with Xero is a great way to save time and effort on your bookkeeping tasks.
By using Reconcilely, you can automate the reconciliation process between Shopify and Xero, ensuring that all of your data is imported into Xero accurately.
Improving your eCommerce accounting is easy. You only need to follow the simple steps outlined in this guide, to easily connect your Shopify store to Xero and start reaping the benefits of automated accounting.