Last Updated:
November 11, 2024

Effortless E-commerce Bookkeeping with Automated Tax Compliance

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Managing financial reports and reconciliation can be a tedious chore for merchants, but a streamlined approach can simplify the process. This app automatically generates precise summary entries for sales, refunds, and fees directly into Xero or QuickBooks every time a payout is received from Shopify. Each transaction is meticulously analyzed to determine the applicable tax jurisdiction, applying the correct tax rates set during the initial configuration. These summary invoices align perfectly with the deposits made to your bank account, ensuring that reconciliation is as effortless as a single click. Investing just 15 minutes in setting up this app will yield significant time savings each month, freeing up valuable resources for more critical business tasks. Transform tedious accounting into straightforward management with seamless integration and meticulous detail tracking. Experience an efficient way to handle your financial records, allowing for better focus on what truly matters in your business.

Features

Reconcile sales to bank deposits effortlessly, saving hours of manual effort
Automatically apply appropriate tax rates for accurate financial management, ensuring seamless tax jurisdiction analysis and reconciliation
Connect multiple stores to streamline integration with Xero or QuickBooks
Top-class support provided for efficient and accurate operations
Easily integrate with Shopify Payments, PayPal, Klarna, and other payment gateways

Benefits

Link My Books for Xero & QBO enables Shopify merchants to effortlessly reconcile sales to bank deposits, saving hours of manual effort
Automatically applying appropriate tax rates ensures accuracy in financial management, leading to seamless tax jurisdiction analysis and reconciliation
By investing just 15 minutes, merchants can transform their monthly bookkeeping routine into an efficient and effortless process, allowing them to focus on business growth.

About the Vendor

Link My Books
Tanfield Lea Business Centre, Stanley, ENG, DH9 9DB, GB
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Tanfield Lea Business Centre, Stanley, ENG, DH9 9DB, GB Map

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Pricing

From $17/month. Free trial available.
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Minimum Price:
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17.00
Maximum Price:
$
99.00
All charges are billed in USD. Recurring and usage-based charges are billed every 30 days. Pricing may differ to that listed above, please check the link below for accurate and up to date pricing details.
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Owlfred Review

Link My Books for Xero & QBO is a fantastic accounting app which is designed for Shopify merchants seeking to automate their e-commerce bookkeeping tasks. Boasting a 5-star rating from a total of 26 glowing reviews, it's clear that users are unanimous in their praise for this top-class app. How does it work? Upon receiving a Shopify payout, Link My Books efficiently breaks down all sales, refunds, and fees into a tidy summary entry in either Xero or QuickBooks - including all necessary tax details based on jurisdiction. The jaw-dropping result? A perfect match between your summary invoice and actual Shopify deposit, streamlining reconciliation into a satisfying one-click process. This app supports multiple payment gateways such as Shopify Payments, PayPal, Klarna, and others, and allows for the connection of multiple stores to Link My Books and your chosen accounting app. This mighty accounting app stands out with its aptitude for accuracy and speed, backed by stellar customer reviews applauding its top-notch support. So, feathered friends, invest a mere 15 minutes today with Link My Books for Xero & QBO app and enjoy hours of saved time and increased efficiency in your e-commerce bookkeeping tasks. Remember, your nest should be for relaxation, not reconciliation! Pricing starts at a reasonable $17 per month with a 14-day free trial option.

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Frequently Asked Questions

Can Link My Books automate my bookkeeping?
Link My Books has been specifically designed to automate the data entry process involved in bookkeeping. It uses cutting-edge technology to import, sort, and categorise your sales data from Shopify into Xero or QBO.
Is Link My Books suitable for automating an ecommerce business accounting process?
Indeed. Link My Books is ideal for e-commerce businesses. It integrates with Shopify, Xero, and QBO, simplifies the accounting process, and minimises manual data entry errors.
How does Link My Books automate the accounting process?
Link My Books extracts your sale data from Shopify, categorises the transactions following tax rules, and imports them directly into your accounting software (either Xero or QBO). It significantly reduces the time spent on data entry and increases the accuracy of your accounts.
Does Link My Books use any form of AI for accounting?
Although not specifically marketed as an AI-powered tool, Link My Books utilises advanced automation algorithms to handle bookkeeping tasks. This effectively reduces manual intervention and greatly increases the efficiency and accuracy of your accounting.

Shopify App Comparison: Link My Books for Xero & QBO vs Xero Bridge by Parex - which is better?

We believe both Link My Books for Xero & QBO and Xero Bridge by Parex are excellent apps for integrating your Shopify platform with accounting software like Xero. Both apps offer the capability to sync sales data and automate financial workflows, saving you time and effort in manual bookkeeping processes. However, there are notable differences between the two.

Link My Books for Xero & QBO stands out with its exceptional precision and accuracy in tax jurisdiction analysis and reconciliation. The app breaks down every detail of your Shopify payouts, automatically applying the appropriate tax rates you've set during setup. This level of accuracy ensures that your summary invoices in Xero or QuickBooks exactly mirror what has been deposited into your bank account from Shopify. Additionally, the app offers top-class support for efficient and accurate operations, giving you peace of mind.

On the other hand, Xero Bridge by Parex offers a unique flexible syncing operation that fits into your business structure. It provides options to synchronize individual sales or choose a summary sync, offering customized financial control and organization. This app excels in creating summary invoices by payment method, allowing for easy reconciliation and compact reporting. Its user-friendly interface and seamless integration with Xero further streamline your accounting processes and reduce manual errors.

Considering the exceptional accuracy and support provided by Link My Books for Xero & QBO, as well as its focus on tax jurisdiction analysis and reconciliation, we believe this app is an excellent choice for Shopify merchants looking to simplify their bookkeeping routine while ensuring accuracy in financial management. However, if you prioritize flexible syncing options and compact reporting, Xero Bridge by Parex could be the better fit for your business.

Attribute
Link My Books for Xero & QBO Shopify AppLink My Books for Xero & QBO
Xero Bridge by Parex Shopify AppXero Bridge by Parex
Average Rating 5 out of 5 5 out of 5
Number of Reviews 29 263
Estimated Installs 0 0
Min Price $17.00 $10.00
Max Price $99.00 $30.00
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