If you’re someone who’s running an e-commerce store using Shopify’s platform, you may likely be using a third-party accounting app to manage the financial side of your business. These apps, which can be found both in the Shopify app store and elsewhere, can help you keep track of your bills, expenses, payroll, and other financial metrics.
The Benefit of Accounting Tools
You might be wondering if you really need this sort of app to effectively manage a Shopify e-commerce store. Perhaps you’re using a completely separate third-party app, or maybe you’ve using a service where other people analyze your financials for you and provide you with a list of key insights and actionable items - and these can all prove to be excellent accounting solutions. But if you’re looking for an affordable, time-saving solution that will give you the best value for your money, integrating a third-party accounting app with your Shopify store is the way to go.
One of the main reasons why accounting integrations are so powerful is because they can take the data which Shopify collects directly from your store and translate it into an array of metrics and insights which will allow you to quickly grasp key ideas and figure out what you have to do to improve your performance. There’s no need to manually input data, which saves time and virtually eliminates any possibility of a mistake.
There are many accounting apps to choose from, and most will provide you with an interface on which you can track a myriad of different financial metrics. The ease with which you can access these various metrics, as well as the meaningful conclusions which the software can draw from the collected financial data, are the primary advantages of using one of these apps. Amongst the many to choose from, some of the more popular ones include Xero, Quickbooks Online, MYOB (Mind Your Own Business), Sage Accounting, and FreshBooks.
Finding OneSaaS Alternatives
Many Shopify store owners who had already integrated some of the aforementioned apps with Shopify, such as Xero, MYOB, and Sage Accounting, were affected by Intuit’s acquisition of OneSaaS. Essentially, OneSaaS, an e-commerce integration company based in Australia, managed integrations between Shopify and a host of third-party apps which managed accounting software as well as other logistics-related operations in e-commerce stores. Upon their acquisition by the American software company Intuit, many of the Shopify integrations which had been previously established, including MailChimp, Amazon, ActiveCampaign, and the accounting apps listed above, were discontinued, leaving e-commerce owners stranded.
How Shypyard Can Help
If your Shopify store was using Xero, MYOB, or Sage Accounting as an accounting integration before the discontinuation by OneSaaS, you may want to consider Shypyard to help you seamlessly integrate between Shopify and one of those three apps. Shypyard.io specializes in creating custom integrations between Shopify and an assortment of third-party apps, and they can easily connect your Shopify store to your Xero, MYOB, or Sage Accounting app and get you back on track. Visit our website to learn more about our well-established Xero and MYOB integration solutions, and get in touch with us here.