How to Setup Your Online Store to Integrate Accounting Software
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xendoo Team
You’ve set up your online store set, and orders are starting to come in. But in your rush to pack, ship, and sell, there’s a good chance you haven’t made time to integrate accounting software with your eCommerce software. By downloading a third-party app plug-in, you are just a few clicks away from saving time […]
9 Common E-Commerce Accounting Mistakes to Avoid
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xendoo Team
As a new business owner, you have a lot to manage on your eCommerce site. From making sure that customers can easily find what they need to creating an easy path to purchasing your goods, it may leave less time to tidy up the little things in your accounting processes. However, these mistakes and misses […]
Starting an eCommerce Business? Bookkeeping Basics You Need to Know
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xendoo Team
Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. There are a lot of compelling reasons you need a bookkeeper, and for most small businesses, it’s generally more cost-effective to outsource the accounting and bookkeeping services to professionals […]
Choosing the Right Accounting System for Your Shopify Business
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xendoo Team
Editor’s Note: This post was originally published in October 2017 and has been updated for accuracy and comprehensiveness. Whether you’re brand new to online retail and trying to decide how to set up your eCommerce business, or you’ve been around a while and simply reached the point where your DIY accounting solution just isn’t cutting […]
eCommerce Trend Report: 2020 Recap & 2021 Forecasts
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xendoo Team
Editor’s Note: This post was originally published in March 2020 and has been updated for accuracy and comprehensiveness. For all the challenges the economy faced in 2020, it may come as something of a surprise that overall domestic retail sales saw their highest rate of growth in over two decades during 2020. What probably isn’t […]
Ready to Sell Your Shopify Store? Here’s How to Get Started
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xendoo Team
There are many reasons why people decide to sell their Shopify or other eCommerce stores — personal or professional. What they all have in common, though, are the worries that come with that decision: What if I can’t get a fair price? What if I can’t find a buyer? These tips will help steer you […]
Pass-Through Deductions: What It Is and Who Qualifies
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xendoo Team
One of the best small business-friendly aspects of the Tax Cuts and Jobs Act (TCJA) is the 20% deduction you can take on your income tax if your business is a pass-through entity. Here’s what you need to know about it. What Is the Deduction The TCJA was passed in 2017 and first applied to […]
How to Choose the Best eCommerce Accounting Software
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xendoo Team
Online businesses can acquire customers from all over the world. However, running an eCommerce business also comes with unique challenges and solutions. Once your online store is ready to launch, it’s time to choose an eCommerce accounting software that will keep your books up to date. With an online accounting software, you can keep detailed […]
Calculate Your Capital Gains Tax in 5 Easy Steps
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xendoo Team
If you’ve sold stock, real estate, or other assets at a profit, you will have to pay income tax on that profit — known as capital gains tax. The amount you pay depends on your income bracket. Here’s how to figure how much tax you owe. Bear in mind, this calculation is for long-term capital […]
Getting started with A2X for Shopify
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xendoo Team
About A2X for Shopify A2X for Shopify imports your Shopify payouts and sales and posts them to your accounting system in a way that makes it easy to reconcile the sales, refunds, discounts taxes and shipping against the cash receipts. A2X for Shopify has several benefits for accounting: Reconciles Shopify Payments perfectly, including all fees […]