Welcome to the first blog in our Scaling Smart series, where we’ll discuss how automating your accounting processes can drive growth for your business. Because who doesn’t want that? In this blog, we’re explaining the complexities of multi-channel accounting and how to streamline it with the right tools.
Managing your accounting across multiple sales channels – like Shopify and Amazon – can quickly become a headache. The more platforms you use, the more complex it becomes to keep it all accurate and up-to-date. Enter Bookkeep, the #1 accounting automation platform designed to eliminate manual work, boost confidence in your numbers, and support your business growth.
The Complexity of Multi-Channel Sales
Multi-channel selling sounds ideal, right? You’re reaching more customers across Shopify, Amazon, and perhaps even in-store using selling platforms like Square. But, behind the scenes, your accounting team is buried in transaction data, platform fees, and payout reports. It’s easy to lose track of sales, fees, and taxes when your financial and inventory data is scattered across platforms.
For instance, here’s a common scenario we often see with growing eCommerce businesses. Your business sells online through Shopify and collects payments via PayPal or Stripe. Shopify handles your product sales, but when it comes to PayPal and Stripe fees? They’re not always captured. This is where Bookkeep steps in – automating everything from daily sales postings to fee reconciliation.
Why Automation Is Key
Manual accounting isn’t just a time-sink – it’s a breeding ground for errors. And those errors can cost you big in the long run. With Bookkeep, you can say goodbye to manually inputting data from each sales channel. Our platform automates the process across all the platforms you use, ensuring every sale, fee, and payout is recorded correctly.
Take the stress out of multi-channel transactions by automatically syncing data from Shopify, Amazon, PayPal, and more. We ensure that you’re always on top of your sales tax, COGS, and daily postings, so you can focus on what matters most: growing your business.
How Bookkeep Simplifies Multi-Channel Accounting
- Automated Financial Postings: Bookkeep connects your ecommerce and POS apps to automate daily sales postings and deposits.
- 100% Accuracy: Track every transaction across platforms, ensuring your books are always accurate and up-to-date.
- Unified Data: Centralize your accounting by connecting all sales and payment platforms to one accounting system. This ensures all your financial data – sales, fees, and taxes – is captured in real time.
- Room to Grow: With the complexity of multi-channel sales taken care of, you’re free to focus on expansion – whether that’s opening new locations, launching new products, or entering international markets.
- Seamless Integration with Accounting & ERP Systems: Bookkeep integrates with QuickBooks, Xero, Zoho, and other enterprise-level systems like NetSuite and Sage Intacct to automate postings and ensure data accuracy across platforms.
Ready to Scale Smart?
Simplify your multi-channel accounting with Bookkeep and get back to growing your business. Book a Demo below!
