Sync Shopify with Xero
Bookkeeping for Shopify made easy: connect
Shopify to Xero and handle transactions
in real time
Shopify to Xero and handle transactions
in real time
KEY features of shopify
Shopify is a popular ecommerce platform for adding products, receiving orders, andprocessing transactions. Its features include:
store builder
management
integrations
management
Pain points
Large amounts of time for data transfer from Shopify to Xero.
No possibility to select Shopify as a bank account.
Reconciliation issues.
the solution
By adding Shopify and Xero as BankFeeds integrations, you can import transaction details in real time. Once imported, they will be automatically recorded
in the corresponding accounts, according to the bookkeeping rules you set.
How to synchronize the transactions from Shopify to Xero?
- You will first have to add Xero as an integration to your BankFeeds account. This will import your bookkeeping accounts.
- Next, you will have to set up Shopify integration in the Payment Processors tab and manually select the associated accounts and fees for sales, expenditures and taxes. Make sure to be logged in to your Shopify account, as BankFeeds will redirect you there to confirm setup.
- Set up your accounting rules: select Xero accounts, types of transactions and tax rates. From now on, BankFeeds will automatically import your charges, refunds, fees, adjustments and payouts to the accounts you selected in real time.
| Shopify Account | Xero Account | |
|---|---|---|
| Date | Date | |
| Amount | Amount | |
| Currency | Currency | |
| Country | Country | |
| Description | Description | |
| Customer Name | Customer |