MTD delayed for e-commerce businesses
Post by Expandly on 1st April 2019
April Fools! MTD, of course, hasn’t been cancelled, delayed or magicked into thin air. And, it also isn’t that complicated with Expandly.
Making Tax Digital for e-commerce
If you’re an accountant or bookkeeper working with VAT-registered e-commerce clients, or you’re a VAT-registered e-commerce business handling your own accounts, you now need to comply with MTD (if you’ve had your head completely in the beach, you can read more about MTD for eCommerce here). This requires MTD-enabled software, the storing of financial records digitally, and the submission of VAT returns via your MTD-enabled software. The biggest headache?
Digitally linking your sales orders with your accounting software
Sending sales orders from Amazon, Shopify, eBay or whatever sales channel is being used, to Xero can be frustrating to say the least. Error-prone, time-consuming and not all that intuitive. Before, you could get around this by manually typing, copying and pasting, or using single-channel apps. Now, that’s either not allowed, or just too time-consuming.
Digitally linking your sales orders with Xero, using Expandly
Expandly’s sales channel-Xero integration makes MTD easy.
Digitally link Shopify, Amazon, eBay and 30+ other channels with Xero – no spreadsheet or manual input required
Automatically push sales orders to Xero – on a daily, weekly or monthly basis
Group orders – to avoid Xero’s soft transaction limit
Pre-approve orders – pushing them straight into Xero’s paid section
Work cross-channel – pushing orders from Amazon, eBay, Etsy and 30+ other channels into Xero.
It really is that easy – just look for yourself:
Expandly accounting partnership
With MTD creating additional pressures on e-commerce accountants and bookkeepers, the time saved not faffing about with the transfer of sales orders into Xero when using Expandly is being heralded by top accountants, which is why we’ve created the Expandly-accounting partnership.
Expandly multi-channel eCommerce software was born out of the realisation that multi-channel selling was hard, and it shouldn’t be. From listing across multiple channels and managing cross-channel live inventory to bulk printing shipping labels and sending sales orders to Xero – working with multiple sales channels is as easy as working with one when you use Expandly.Tweet