Running an eCommerce business can be hard work, especially when you bring accounting into the mix. But are you wasting unnecessary time and money by not investing in the tools that will streamline your business and accounts? Xero and Expandly offer an integration that will increase your sales without increasing your time and we’re here to show you how.
Back to basics: what is Xero?
Xero is the cloud-based accounting software, designed to help small businesses save time and get paid quicker.
And what about Expandly?
Expandly is the multichannel management software, designed to help small eCommerce businesses manage multiple online sales channel(s), shipping carriers and their Xero accounting software, in one central (and beautiful) location.
How to streamline your eCommerce accounting with Xero and Expandly
Apart, Xero and Expandly offer significant benefits in streamlining eCommerce businesses. Together, they’ll change how you operate your multichannel eCommerce business forever, bringing growth, sales and time. And here’s how:
1. Syncing orders
Expandly syncs your orders and returns across your sales channel(s), whether that’s eBay, Amazon, Etsy, Wish or your own shopping cart such as Shopify. The order information is automatically posted to your Xero account, making it up-to-the-minute accurate and reducing typing and duplication time and errors (it happens to the best of us).
2. Importing purchase orders and creating invoices
Expandly can pull purchase orders into Xero or use the sales data to create its own draft invoice for you to approve, before sending to the customer. Either way, this saves you time creating your own and retyping sales data.
3. Managing your inventory
We all know that good inventory management is crucial for a healthy cash flow. Expandly and Xero make this easy with Expandly’s integrated inventory management system. See at a glance how much of your cash is tied up in stock across your sales channel(s), and automatically sync your stocks levels to avoid overselling and avoid ring-fencing.
4. Running reports
Reporting doesn’t have to be time-consuming and tedious. Expandly gives you quick access to powerful and reliable reports that will outline sales trends and buyer patterns, fueling an eCommerce strategy that knows which products to stock where.
5. Making tax returns a breeze
With all of this information flowing back and forth automatically, preparing your accounts and completing your tax return will be quick and easy for your accountants – saving you money.
So there you have it, streamlining your eCommerce business is a breeze with Expandly and Xero. All you need to do is decide how you’re going to spend your extra time.
About Ad Valorem
Ad Valorem is a Chartered Certified accountancy practice based in Milton Keynes, who specialises in e-commerce businesses. Ad Valorem’s accountancy packages are designed to cover the requirements of a growing e-commerce business, including company compliance and software support.