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Does Shopify Do Accounting?

Snyder

To execute more complex tasks such as filing compliant tax returns, you will need an integrated e-commerce accountancy app. What is the importance of accounting for e-commerce businesses? How Can I Integrate My E-commerce Shopify Store With Accounting Software? Tailoring Your Shopify Integration.

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Does Shopify Send a 1099?

Snyder

One of the several requirements to sell on Shopify is that you need to declare your tax liabilities, including corporation, income, sales taxes, and potential overseas taxes if you sell internationally. What Is Shopify Sales Tax? Shopify does not pay sales tax for you.

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Tech, transparency and automation: tips to start the new financial year off right

Accounting Insight

The end of the tax year often begins with relief. Relief the tax return deadline has been met (we hope) and has passed you by. Accountants and bookkeepers can now look ahead to the new tax year. A new (tax) year encourages you to take a fresh look at your processes. What can I do this year to improve?

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Does Shopify Have Expense Tracking?

Snyder

While you can use the platform to produce reports showing your total sales, or revenue by region, the functionality is fairly limited, and not sufficient for comprehensive expense tracking. In this case, you have two options–hiring an accountant for your e-commerce business or integrating an accountancy app that will do the legwork for you.

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Latest product news — December 2022

Xero

The invoice list in the Xero Accounting app (Android only) is being refreshed, making it easier for you to view and find information about your business. Map different tax rates in Shopify — Global. We’ve updated the Shopify integration by Xero with improved sales tax functionality for businesses in Australia, NZ and the UK.

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Latest product news — June 2022

Xero

This means your customers can open attachments (such as terms and conditions or a sales brochure) from the email itself, rather than a webpage. See your cash balance in the Xero Accounting app — Global. We’re updating the home screen of the Xero Accounting app, so you can understand your overall cash balance position.

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Latest product news — October 2022

Xero

Manage POs and contacts in the Xero Accounting app — Global. You can now create new purchase orders and edit existing purchase orders in the Xero Accounting app. We’ve also updated the contact list in the Xero Accounting app, so you can easily filter and sort between customers and suppliers.