Are you looking for a way to streamline your eCommerce operation? If so, you may be wondering if Xero integrates with Shopify. The short answer is yes, Xero does integrate with Shopify. However, there are a few things to keep in mind when using the two platforms together. In this blog post, we’ll explore what you need to know about the Xero-Shopify integration.
What is Xero?
Xero is a cloud-based accounting software that offers users a range of features, including invoicing, bookkeeping, and tax preparation. The software is designed to help small businesses and entrepreneurs save time on accounting tasks so they can focus on running their business.
How do Xero and Shopify integrate?
The short answer is yes, Xero does integrate with Shopify. There are a few different ways to make the integration happen depending on what ecommerce platform you’re using and your accounting needs. Let’s take a look at how Xero and Shopify play together.
If you have a Shopify account, you can use the Xero app to connect your store and automatically pull in your sales data. The app will create invoices in Xero for each sale, which you can then reconcile against your bank transactions. This is a great way to keep track of your sales and ensure that your accounting is up-to-date.
What are the benefits of integrating Xero and Shopify?
When it comes to managing your finances, there are a lot of moving parts. Fortunately, Xero integrates with Shopify to help make things a little easier. Here are some of the benefits of integrating Xero and Shopify:
1. Save time on bookkeeping: With Xero and Shopify integrated, your sales and expenses will be automatically synced and categorized. This can save you a ton of time on bookkeeping!
2. Get a holistic view of your business: By integrating Xero and Shopify, you’ll be able to see your complete financial picture in one place. This will give you valuable insights into where your business is doing well and where there might be room for improvement.
3. Make better decisions: Having all of your data in one place will allow you to make more informed decisions about your business. You’ll be able to see what’s working well and what could use some improvement, which will help you make decisions that are in the best interest of your business.
4. Simplify tax time: When it comes time to file your taxes, integrating Xero and Shopify can make the process a breeze. All of your sales and expenses will already be organized and categorized, so you won’t have to waste time digging through receipts or trying to remember what happened when.
How to set up the integration between Xero and Shopify
Assuming you have a Shopify account and are logged in:
From your Shopify admin, go to Settings > Payments.
In the Payment providers section, click Activate next to Xero.
In the popup modal, click Connect my Xero account. You’ll be redirected to Xero to log in and authorize the connection between your Shopify and Xero accounts.
Once you’re done in Xero, you’ll be redirected back to your Shopify admin where you can complete the setup. Choose which shop account you’d like to connect with Xero from the drop-down menu, then click Save.
Now that your accounts are connected, you can choose whether to send invoices for orders to Xero automatically.
To do this:
From your Shopify admin, go to Settings > Checkout.
Scroll down to the Invoice settings section and check Send invoice emails to my accounting software.
Click Save at the bottom of the page.
Conclusion
Yes, Xero does integrate with Shopify! This is great news for businesses who use both platforms, as it will streamline their accounting and make things much simpler. If you’re not sure how to set up the integration, our team of experts can help. Just contact us and we’ll be happy to walk you through the process.
