Customizing your Shopify chart of accounts in QuickBooks Online – Part 1

By |2021-05-20T19:54:04+00:00May 20th, 2021|E-commerce accounting|

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.

What does a Shopify bookkeeper do?

By |2021-04-08T20:51:57+00:00April 8th, 2021|E-commerce accounting|

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.

Tour of the Shopify to QuickBooks Online integration using A2X

By |2021-03-24T14:51:04+00:00March 18th, 2021|E-commerce accounting|

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..

Best practices for tracking your Shopify inventory in QuickBooks Online

By |2021-02-08T18:44:58+00:00February 8th, 2021|E-commerce 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.

Finding the right bookkeeper for your growing Shopify business

By |2021-01-31T23:57:23+00:00January 7th, 2021|E-commerce accounting|

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.

5 Sales tax fundamentals Shopify sellers should know

By |2021-01-31T23:53:24+00:00December 17th, 2020|E-commerce accounting|

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.

Getting your e-commerce inventory ready for tax time in QuickBooks Online

By |2021-01-31T23:52:29+00:00November 19th, 2020|E-commerce accounting|

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.

Tour of new Shopify month-end inventory report

By |2021-01-31T23:51:31+00:00October 15th, 2020|E-commerce accounting|

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.

5 Inventory essentials every Shopify seller should know

By |2021-01-31T23:50:29+00:00October 1st, 2020|E-commerce accounting|

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.

8 Biggest mistakes Shopify sellers make in QuickBooks Online

By |2021-01-31T23:49:22+00:00September 17th, 2020|E-commerce accounting|

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?