Overview
Bookkeep automatically posts daily sales summary financials to accounting platforms such as QuickBooks Online or Xero and reconciles the payment deposits. We do this for all commerce apps like Square, Shopify, Amazon Seller and many many more. We’re accountants, business owners, and data nerds ourselves, so we know the importance of accurate accrual-based financial reporting. When we say smarter, we mean it.
Our customers range from independent coffee shops to restaurant chains, from e-commerce start-ups to cannabis retailers, and virtually everything in-between. We make it easy to manage your books every month while eliminating costly accounting errors so you have the right data and more time to grow your business.
We know the two things which bookkeepers value the most: accuracy and saving time. With Bookkeep, you can have both through daily bookkeeping automation for any platform your clients want to use. Our goal is to make sure you have the confidence and peace of mind you deserve. Our automation saves accountants and bookkeepers at least 20 hours per month per client and makes them smile.
Reconciling hundreds or thousands of transactions is a constant, tedious chore and a thing of the past. Summaries are much simpler , faster and more efficient. --- manage financial data from sales to deposits and payouts. Summarizing financials in your sales system on a daily basis is the smarter way to post to accounting.
bookkeep.com + Xero
Bookkeep automatically posts daily sales summary financials to accounting platforms such as Xero and reconciles the payment deposits. We do this for commerce apps like Square, Shopify, Amazon Seller and many more.
To have financial data flow into Xero, you will need to connect your ecommerce channels and accounting platform to Bookkeep. This will enable the flow of financial data from your source channel such as Shopify to flow through to Xero as a summarized journal entry.
Getting started
Getting set up with Bookkeep takes just a few minutes and some simple steps.
Connect Bookkeep to Xero
First, create an account at Bookkeep.com (https://app.bookkeep.com/signup). After creating an account, you will need to connect your accounting platform such as Xero. You will select “Connect to Xero.” This will redirect you to login to Xero to give permission to Bookkeep to connect with your Xero organization. Once you connect your Xero account to your Bookkeep account, you will see the organization you have authorized shown at bookkeep.com under your accounting platform connected.
Connect Your Ecommerce Channels
Additionally, in order to have financial data flow into Xero, you will need to connect your upstream ecommerce channels to Bookkeep. This will enable the flow of financial data from your source channel such as Shopify to flow through to Xero as a summarized journal entry.
Once you have connected your ecommerce channels to Bookkeep, you will see them listed as apps on Bookkeep.com. Each of these channels will need to be mapped to the right accounts within your accounting platform to ensure each financial data point hits the right account such as sales.
Map Your Financial Data
Next, click “Map” adjacent to the app you have connected. This will display a view of the journal entry templates available for this ecommerce channel. You will then complete the fields necessary for a particular journal entry template. This will involve mapping the incoming fields such as Gross Sales to the right account in your Xero organization. Once you have completed the mappings and turned on the journal entry templates, Bookkeep will begin syncing your source system such as Shopify to Xero on a daily basis with summarized journal entries.
