Welcome back to the Wild West – where eCommerce business situated in one country sells to other countries and the tax collectors are struggling to put in place legislation to collect duties. Most commonly for eCommerce businesses here in Australia, we sell using eCommerce platforms to the USA using shopping carts such as Shopify and […]
Xero + Shopify + Inventory = automation, right?
You have set up the perfect tech stack for your eCommerce business – Xero + Shopify + A2x + Dear/ Trade Gecko/ Cin7 (insert inventory solution here). Your sales in Xero match Shopify reports. Your inventory on the balance sheet matches the stock valuation report in your inventory solution. But the gross margin on your […]
Shopify + A2x + Xero = Bookkeeping bliss
If you are using Shopify + Xero and your bookkeeping is taking hours – you need to read this article. We get calls on a daily basis and the conversation goes like this: “We are a 7 figure eCommerce business. We use Shopify and Xero. In the early days, we used an integration like Bold […]
Exporting from Australia to NZ? All eCommerce businesses need to read this!
Thanks to Australia Post for this wording – if you think that the below requirements will require your business to register – please get in contact so we can discuss and register your business with IRD New Zealand. What’s changed? From 1 December 2019, New Zealand Goods and Services Tax (GST) of 15% will apply […]
How Four A-Ha moments from Four Conferences forever changed our accounting practice …
From TOA Global’s 2018 Road Show … “If you started a new business and could hire back all of your existing staff, which staff would you rehire?” This got me thinking very hard. There were absolutely some staff I would re-hire, and some staff I would not. This totally changed our business model to reduce […]
Xero Shopify Sync Integration – The Good, The Bad and The Ugly
If you have done some research already about how to connect Shopify to Xero, you will see that there are many options on offer. The two connections we use here at CloudCounting are the Xero Integration by Bold app for small order Shopify stores and A2x for stores with more than 20 orders per week. […]
Retail Global – eCommerce Conference – Our Wrap Up
Last week we attended Retail Global – one of the largest eCommerce conferences on The Gold Coast. Why does an accountant attend an eCommerce conference? It is because we think it is crucial to learn all about the challenges that eCommerce businesses face, not just the accounting issues. And was it worth it? Absolutely! We […]
Trade Gecko – my Xero Bank/Clearing Account is not showing for selection
When you are setting up the Trade Gecko / Xero synchronization, you may notice that your Xero bank account is not showing up in the Trade Gecko list for selection. Don’t worry this is an easy fix. Open Xero, and go to Accounting | Chart of Accounts. Add an account code as shown in the […]
What you need to know in relation to Single Touch Payroll (STP)
Overview: From 1 July 2019 all employers will be required to report under Single Touch Payroll Micro-employers will be eligible for a 2 year transitional period through which they are able to report the payroll amounts quarterly if lodged via a tax agent Businesses using older desktop accounting software packages will need to update to […]
Shopify and Xero – Detailed or Summary Sync?
One of the questions we frequently get from eCommerce clients and bookkeepers is do we need to send over detailed invoice information from Shopify to Xero? There is no one right answer to this question – it really depends on the size and needs of your eCommerce Business: Send Invoice Detail from Shopify to Xero […]
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