If you’re running a Shopify business, you may have noticed that Shopify is now charging for sales tax calculations. This paid service, called Shopify Tax, was recently included on all Shopify accounts to help manage sales tax calculations. So what exactly is this service and how could it impact your Shopify business? I’m here to help clarify what you need to know about the Shopify Tax service and its fees, so you can decide whether it’s a good fit for your Shopify business. Keep reading or click on my video linked below to hear Shopify Tax explained.

Have you heard of QuickBooks Commerce? QuickBooks Commerce is a new e-Commerce integration built right into QuickBooks Online. According to their website, it works with Shopify, Amazon, and eBay. QuickBooks Commerce automatically brings in your orders and payouts from Shopify and sends them into QuickBooks. It sounds great, but is it a good fit for your Shopify to QuickBooks Online integration? Keep reading or click on the video linked below where I’ll go over the pros and cons to help answer the question: Is QuickBooks Commerce right for Shopify sellers?

As a busy Shopify seller you are probably looking for ways to save time and simplify your bookkeeping. That may include looking through the Shopify apps to find the right one to connect your Shopify with QuickBooks Online. Beware! It's important to choose carefully because not all integration apps are the same and using the wrong integration can cause a major mess in your books. How can you know the right integration to use? I’m here to help. Keep reading or watch my video linked below where I share what Shopify Sellers should know before integrating Shopify and QuickBooks Online.

Are you curious to learn how to streamline the integration process between your Shopify and QuickBooks Online accounts? Look no further! I will show you the recent changes released by A2X in their Accounts and Taxes, which is where the integration and the mapping between Shopify and QuickBooks Online are managed. We’ll take a look at how these updates can make life easier when it comes to managing this important integration. Click the video linked below to watch A2X: Tour of new Accounts & Taxes | Shopify integration with QBO, or keep reading to find out more.

If you are a Shopify seller you may feel like you're stumbling around in the dark when it comes to the topic of sales tax. If that sounds like you, you're not alone! I often hear from Shopify sellers who worry about whether they are supposed to be registering to collect sales taxes and how they'll know if they have economic nexus in other states. Let me assure you that understanding sales tax doesn't have to be scary. Keep reading or watch my video linked below and I'll shed some light what every Shopify seller should know about economic nexus.

In your Shopify business you certainly recognize the importance of paying your vendors and employees, but what about paying yourself? You might take some money out of your business here and there as needed, but that can get messy when it comes to tax time. It’s important to be intentional and strategic when it comes to paying yourself in your company so you can maximize your tax savings. What exactly do you need to know so you can start paying yourself the right way? Keep reading or click on the video linked below and I’ll explain how Shopify sellers should pay themselves in an S Corporation.

As a Shopify seller, you already know that each sale made in Shopify is reduced by a payment processing fee before it reaches your bank account. This is true for Shopify Payments and most other payment processors used by Shopify sellers. But, are you correctly recording those payment processor fees in QuickBooks Online? If not, you are going to have some real challenges with reconciling your payment processor clearing accounts. You’ll also find that your cost of goods sold and revenue numbers aren’t reflected accurately on financial reports. To make sure you’re on the right track, keep reading below for my quick tutorial showing you how to record Shopify payment fees and other payment processor fees in QuickBooks Online.

While working in QuickBooks Online recently, you may have noticed some changes when trying to add an account to the chart of accounts. Even if you haven’t seen it yet, the updates are being rolled out to all QuickBooks Online users soon, so let’s make sure you’re prepared. I’d love to show you around and help you navigate these new changes. Keep reading or click on the video linked below where I give a quick tutorial on how to add an account to the new QuickBooks Online chart of accounts.

Is QuickBooks Online overstating your Shopify and PayPal income? Overstated Shopify and PayPal income is one of the most common messes I find when performing a QuickBooks diagnostic review of a Shopify seller's books. If you see income in your QuickBooks that appears much bigger than it should, it can be a headache to get it sorted out. So why does QuickBooks keep doing this anyway? Actually, it's not QuickBooks causing this at all. The problem is caused by using an incorrect Shopify/PayPal accounting workflow. If you'd like to learn how to make this problem go away once and for all, keep reading or watch the video linked below, and I'll share both the wrong workflow and then the correct workflow for recording Shopify and PayPal income in QuickBooks Online.

At VM Wasek, I have worked with dozens of Shopify sellers to help them set up and organize their financials, as well as to do their bookkeeping. The app that I always recommend for doing Shopify to QuickBooks Online integration is A2X. What is A2X, how does it work, and why do I recommend it? Keep reading for my full review of A2X for Shopify to QuickBooks Online integrations, where I’ll answer these question and more.

At VM Wasek, we specialize in Shopify accounting and work with a lot of Shopify sellers. What’s the biggest challenge I see time and again while working with these clients? They are dealing with either tracking inventory and cost of goods sold on spreadsheets, using apps, or using Shopify inventory. As their business grows, they begin to struggle with trying to put all of these pieces together to get good numbers for cost of goods sold -then realize they aren’t even sure how it should be calculated. Could this be your struggle too? I’m here to help! Keep reading for a look at Shopify cost of goods sold: explained by an accountant.

If you are working on your own e-commerce bookkeeping, you have probably noticed that timing differences between your payment processors and your bank deposits can create quite a puzzle. You're not alone, this can stump even seasoned accounting professionals. I recommend using Shopify clearing accounts in QuickBooks Online as a solution to the timing difference puzzle. Let’s take a look at why you should be using clearing accounts for your Shopify bookkeeping, and how to set them up and use them.

Selling products online is becoming more and more common, so it’s likely that you are either an e-commerce seller yourself, or a bookkeeper looking to work with e-commerce sellers. Whichever category you fall into, understanding the fundamentals of Shopify financials is simple once you have all the information in one place. That’s why I’m taking you on an insider’s tour of the Shopify Bookkeeping Method, my latest course designed to give you all the basics you need.

Are you a new Shopify seller? Does the thought of keeping up with sales taxes just make you want to run away and hide? No worries. Today, I’m breaking down the biggest sales tax mistakes that new Shopify sellers make with US sales taxes, and I’ll even explain sales taxes to you at the end.

One of the first things you want to do when you start out with your DIY e-commerce bookkeeping is to set up that Shopify to QuickBooks Online integration. But not so fast! If you rush into it, you could get yourself into some big trouble. In this article, I’ll tell you all about the biggest Shopify to QuickBooks integration mistakes and how to avoid them.

As business owners in the e-commerce world, you probably know the agony of deciding which version of a software app has just the right features for your needs. It’s even more of a challenge to find what you need for a price that fits your bill. Good news! I’m here to help ease some of your struggle, at least for your accounting software in particular. So, what’s the right version of QuickBooks Online for Shopify sellers like you? In this article, I will give you my insights.

So your Shopify business is taking off, and you realize that you now have a real business. You also realize that now you have to deal with all sorts of things you've never dealt with before, including keeping up with the financial side of your business. Running a Shopify business can certainly bring up a lot of questions. One of the biggest ones is: should you DIY your Shopify bookkeeping? There are some important factors to consider when deciding if you should take your Shopify bookkeeping into your own hands. Let’s talk about what you need to know and do for DIY Shopify bookkeeping.

When taking on your Shopify bookkeeping, you may be searching for apps to help make things a little easier. In the ocean of available apps, it’s hard to know which ones are worth trying out. I specialize in working with Shopify sellers, so I’m always on the look out for the best app solutions to use and recommend to my clients. I have researched and tested out many of the apps available, and want to share my recommendations for the best accounting apps for Shopify sellers.

As a new Shopify seller, setting up your Shopify bookkeeping the right way is crucial. It can be daunting, though. Thinking about doing your books and tracking all your financials can make you want to throw in the towel (before you’ve even started). Shopify bookkeeping is not easy - even for professional bookkeepers.That’s why in this article, I’m giving you my top tips for setting up your Shopify bookkeeping the right way.

Did you know that Shopify sellers can customize their chart of accounts in QuickBooks Online to gain better insight into how their business is doing, and streamline their bookkeeping at the same time? In Part 1 of this 2-part series, I showed you the account categories that you need to set up for your Shopify chart of accounts. Now I’ll go over customizing your Shopify chart of accounts in QuickBooks Online - Part 2, where we will dive into adding some expense accounts and removing unwanted accounts.

Are you a Shopify seller just setting up your QuickBooks Online or looking to customize your chart of accounts? Having the right accounts in the right order can make all your bookkeeping easier and give you access to more in-depth numbers to run your business. In Part 1 of my 2-part series on customizing your Shopify chart of accounts in QuickBooks Online, I’ll go over some Chart of Account basics, and the additional account categories that you need to set up, as a Shopify seller.

If you have ever struggled with doing your own Shopify bookkeeping, and considered whether to seek help from an accounting professional, you may be wondering, “What does a Shopify bookkeeper do, anyway?” I get asked this question all the time when talking with online sellers who contact me about the Shopify bookkeeping services we offer at VM Wasek. They want to know what do we do, how do we do it, and how does it make life easier for them? Those are all great questions to ask! When it comes to e-Commerce accounting and bookkeeping, there are many pieces of the puzzle that need to be brought together. That's where the Shopify bookkeeper comes in.

Are you looking to integrate Shopify and QuickBooks Online, but don’t know what to expect? Would you like to see an example of how a good integration should work? I’ve looked at several options to help my Shopify clients integrate, and the best app that I’ve found is A2X. Here is my tour of the Shopify to QuickBooks Online integration using A2X, to give you an overview of what you need to know, and show how A2X helps to streamline your Shopify accounting..

Are you a Shopify seller? Do you have questions about the best way to track inventory in QuickBooks Online? You may have purchased QuickBooks Online Plus because you saw that it has inventory tracking features. But, as a Shopify seller, should you even be tracking inventory in QuickBooks Online? And if so, how should you be doing it? Let's go over what you need to know and review the best practices for tracking your Shopify inventory in QuickBooks Online.

Are you ready to outsource the bookkeeping for your Shopify business, but you're not really sure how to find a qualified bookkeeper? If you've been reading my articles and watching my videos, you know that Shopify accounting is complex. That's why it's so important to find the right bookkeeper. But did you know that there are different kinds of bookkeepers? Let’s go over the three most common types of bookkeepers and my tips for finding the right bookkeeper for your growing Shopify business.

Sales tax for Shopify sellers can be complicated. My firm, VM Wasek, works with Shopify sellers to set up and streamline their financial systems. By far the question that I am asked most is how to deal with sales taxes. It can be scary and potentially damaging to your business if you’re not collecting the right taxes, so let’s talk about how to do it right.

As an online seller, tax time can be scary. There are several things to keep track of and you want to get it right and get the best tax situation possible. One of the most important things you need to have is a year-end balance for your inventory. Unfortunately, for many e-commerce sellers, inventory is a mess in their QuickBooks, and getting an accurate year-end balance is difficult. I want to help you take control and feel confident and prepared to tackle tax time. Here’s how to start getting your e-commerce inventory ready for tax time in QuickBooks Online.

Great news! Shopify recently released a report to make it easier for online sellers to get the inventory quantity and cost information needed to maintain a current inventory balance in QBO. Until recently you couldn't get a report out of Shopify that would give you this much needed information, but now, with Shopify’s new month-end inventory report, we actually can get the numbers that we need to make that adjustment.

There are so many challenging and exciting aspects of running an e-commerce business on Shopify. But if you’re like most sellers, inventory isn’t on your “exciting” list. You may dread tracking inventory or feel unsure of how to handle it. You may even even avoid tracking it completely and get yourself in trouble! Well, I’m here to help get you on track with my list of 5 inventory essentials every Shopify seller should know about QuickBooks Online.

Tracking your Shopify business in QuickBooks Online may seem like a no-brainer, but there are a few mistakes that can ruin your books and leave you with a big mess. They’re more common than you think and easy to make. What are the 8 biggest mistakes Shopify sellers make in QuickBooks Online?

One of the keys to accurate bookkeeping is reconciling your accounts each month. But when it comes to Shopify, it can get a bit complicated. Reconciling Shopify transactions to QuickBooks Online can be tricky because not everything that shows up on the Shopify statement shows up in the bank. In this article, I will give you an overview of what's involved and key factors to consider when reconciling Shopify transactions to QuickBooks Online.

As a Shopify seller, the monthly bookkeeping process can feel overwhelming, especially if you’re not comfortable with bookkeeping yet. To make it a little easier, I’m gonna break it down and show you monthly bookkeeping in 6 steps for Shopify sellers. Follow these six straightforward steps, in order, and you’ll be on the right track.

If your e-commerce store sells through Shopify, you can save hours every week with the right Shopify to QuickBooks Online integration tool. But there’s a lot to think about and there’s more than one way to do it. Some integration tools are lifesavers and others just cause problems. In this article, I'll share my integration

Is QuickBooks Live Bookkeeping right for Shopify sellers? If you’ve heard of QuickBooks Live Bookkeeping, you might be wondering if it’s a good fit for your e-commerce business. If you haven't heard of it, maybe you’re curious what it’s all about. In this article, I will share my QuickBooks Live Bookkeeping review for Shopify sellers to see if it’s the right fit for you.

If you’re a Shopify seller, you may be struggling to record your inventory. QuickBooks Online’s inventory feature doesn’t work well for e-commerce and really isn’t designed for it. Shopify gives you great inventory reports in terms of quantity but they don’t really show costs. So, I will to show you how to record Shopify inventory in QuickBooks Online, using a journal entry method.

In Part 1 of this tutorial, I showed you how to record Shopify sales in QuickBooks Online using a journal entry. Now, you may be wondering what to do with those clearing accounts we set up in Part 1, and how to work with the bank feed transactions that come through. To find out, watch Part 2 of my tutorial to learn how to record Shopify sales in QuickBooks Online, and find out what to do with the clearing accounts, to ensure that you do not have duplicate income and have properly recorded the transaction fees.

If you sell using Shopify, you need to know how to record your sales without pulling in a mess of numbers that don’t line up with your bank feed. I'm going to show you how to record Shopify sales in QuickBooks Online, step by step.

If you're an online seller, should you track Shopify inventory in QuickBooks Online? The answer is... well... it depends. In this blog post I’ll share the basics that you need to know when it comes to tracking Shopify inventory in QuickBooks Online.

Should you track Amazon inventory in QuickBooks Online? The answer is... yes, and no. Don’t worry, it’s not a trick question. When it comes to tracking inventory, there are two sides to the coin; inventory costs and details of the actual inventory. I'll show you my recommended way to record your Amazon inventory costs in QuickBooks Online, and where you can track the inventory details.

While working with online and e-commerce sellers, one of the biggest challenges I see is integrating their sales channels with QuickBooks Online. Your time is valuable, so I recommend utilizing an integration for Amazon and QuickBooks Online to streamline recording these transactions. In this article, I'll go over the basics of an Amazon and QuickBooks Online integration, and pro tips for what to look for in an app.

As an e-commerce seller, streamlining your numbers and getting them into your financial software the right way can save you a TON of time and effort. In this blog post, I want to share one of my favorite tools and give you a quick up-close tour of A2X QBO integration with Amazon and Shopify.

Sales taxes can be intimidating for e-commerce sellers. The rules for online sellers are much more complicated than sales tax rules for brick and mortar businesses. Here are 5 essentials you need to know about sales taxes for e-commerce.

If you're an online seller, finding an accountant who understands Amazon and Shopify can be tricky. One of the biggest concerns I hear from people who sell online is that they can't find a bookkeeper or accountant who understands e-commerce and the sales channels they use.