3 reasons a Shopify user should connect to Xero

 

By connecting Shopify to Xero : 

1. Sales transactions are automatically pushed in to Xero from Shopify

   At the end of every day, you have the option to allow transactions in Shopify to be pushed to Xero through an integration. Check out our article on why we choose the BOLD integration for this. This means that all sales in Shopify will be sent into the correct accounts in Xero  automatically. You don't need to type your sales information into your accounting software anymore!!

2. Your bookkeeping process becomes more automated  

   With the sales information coming in automatically from Shopify, the next thing to do would be to activate your Hubdoc account in Xero .Hubdoc is a document storage and management tool that will once configured, push your bills and receipts into the correct accounts in Xero. All you need to do is upload a picture or PDF copy of the document to Hubdoc which aides in automating more of your bookkeeping.  

3. Real time cash flow monitoring 

  The reason that I am encouraging you to automate as much of your accounting process as possible is because I WANT YOUR BUSINESS TO MAKE MORE MONEY. Once Xero is set up and the various needed integration's put in place, you will have a very powerful tool to do just that. By monitoring your real time cash flow, you can measure how different business decisions affect your bottom line which in turn will guide you to make better business decisions and make more money. 

This article is suited for individuals that use Shopify and need a solid back end supporting accounting software to streamline business processes with ease. For this, we recommend giving Xero a go. It is super easy to use and can easily be integrated to Shopify through the BOLD application which can be easily be downloaded from the Xero app store.

© 2020 Samuel Pravin David

Samuel Pravin David is an accountant who enjoys working with cloud tools to enable effective data management. To get to know him better please visit his personal website containing all his social media links and contact details.

Please reach out to me if you would like me to set up Xero ,Shopify or the BOLD integration for your company.