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An Introduction to E-Commerce Accounting with Xero

05/08/2016

Meet Xero

For every e-commerce store – big or small – the financial side of the operation is vital. It doesn’t matter if you have amazing products, a high-end website or lightning-fast customer support; without a healthy bottom line, nothing else matters.

If you spend a huge amount of time shuffling financial spreadsheets, performing tedious manual accounting processes and correcting data entry errors, there is a better way. Opting for quality accounting software can make all the difference, and Xero is as good as it gets. If you want to reduce your stress levels, work with rock-solid numbers and enjoy more time to grow your e-commerce business, look no further.

Would you like to know more? In this article, we’ve hand-picked 8 videos to help introduce Xero’s e-commerce capabilities. From an introduction to custom add-ons to integrations with the top e-commerce platform – we’ve covered the main bases for you. And if that isn’t enough, we’d even love to give you a 30 minute demonstration. Enjoy!

  • Xero Overview

Want to grow your e-commerce business? Getting your accounts in order should be a priority. After all, how can you grow your business without adequate cash flow and up-to-date accounts? Xero’s award-winning cloud accounting software has helped over 700,000 business owners worldwide take charge of their finances, and it can help you too.

  • Dashboard

Getting to grips with new software is often a daunting task. Not so with Xero. Xero provides free, unlimited support to registered users and the Xero Community allows users to share experiences and tips with other Xero users.  If you’re concerned about navigating the software, don’t be. The Xero Dashboard displays all of your key financial information and puts everything you need within each reach – most features are only a click or two away.

Make Xero Your Own with Add-ons

No matter what you’re selling online, there’s a time-saving app to help you. Xero’s App Marketplace contains over 500 business apps to help with everything from inventory and payments to customer relationship management and time tracking. Adapting accounting software to suit your needs has never been easier.

  • Xero Marketplace

Don’t settle for software that’s ‘almost perfect’, choose Xero instead and gain access to a wealth of apps designed to help you grow business online.

  • Squarespace

Squarespace helps people create, host and maintain websites and blogs. If you’re just starting out and you need to build a simple website, Squarespace is well worth looking into. Best of all, you can integrate it with Xero too.

  • Shopify

Shopify is a popular hosted e-commerce platform that allows small business owner to quickly and easily set up and sell online. Track orders, accept credit card payments and organise your products, all with just a few clicks. Of course, you can integrate it with Xero too, guaranteeing that your accounts will always be up to date.

Get the most out of Xero

There’s no doubt about it, Xero can help you get more from your e-commerce store. Managing and tracking inventory, for example, is effortless.

  • Track Inventory with Xero

When you track your inventory with Xero, you won’t have to wait until month end to have a clear view of your inventory and financials. Say no to uncertainty and stale data – track your inventory with Xero and you’ll always know how much you have sold and have to sell.

  • Five tips for inventory management

Think you could do a better job of bookkeeping? In this video, Melanie Power, Head of Bookkeeping for Xero Australia has some great tips for running inventory, reporting and ordering. Can you afford not to watch it?

  • Pepsi Xero Hack

With Xero, you can turn virtually any transaction into a Xero transaction. To prove that virtually anything is compatible with Xero and Xero add-ons, we got together with a few of our friends for the ultimate Pepsi Xero hack. The result? Well, we know for certain that no matter how unique your business is, Xero can monitor and track its transactions. Are you ready to put Xero to the test?

Powerful e-commerce accounting tools

As you can see, Xero provides a comprehensive selection of features and add-ons to help businesses across a wide range of industries achieve more online. If you want your e-commerce business to grow, thrive and succeed, Xero has everything you need. If you would like to explore Xero in more detail, why not take a look at the platform in more detail with a free, 30-minute demo with one of our cloud accounting experts? We can guarantee one thing: you’ll wish you’d done it sooner.

Xero-in on e-commerce

At Flow, we’re Xero Gold Partners, which means that we know Xero inside and out. If you would like to find out how we can help you get your e-commerce accounts up and running, get in touch with our team today on 0330 123 5577. Did you enjoy this post? Don’t forget to subscribe to our YouTube channel for regular Xero how-to video guides, tips and guidance.