Financing, tax rates, and accounting
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I have a store I aim to setup, I have everything planned out yet accountancy is eluding me..
The store will sell gift boxes.
Each box will be made up of several items.
I want to reconcile the purchase of the gift box with my bank through xero/quickbooks.
For accountancy do I need the individual items to be updated in an accountancy software, to show what they sold for?
Do I need to update the software with the item purchase price from the supplier and reconcile that outgoing bank payment, to allow average costing of stock to take place?
How do I sell a box of say 10 items though update the shopify inventory with its individual parts?
I am looking for apps and suggestions on ways to set this up with minimal manual work.
Any help or suggestions are welcomed, thank you in advance.
Richard
Hello there,
Are people choosing the contents of the gift box from items already in your store? Do you have different gift boxes of different sizes? Are people able to buy the items individually not in a gift box? Are you buying the gift boxes as complete items, or are you buying all the pieces and putting them together yourself?
An app like this one might be helpful: https://apps.shopify.com/bundlebuilder
You could do what you want with product variants, but I think that would be really difficult to manage.
Thanks Todd, the gift boxes are completed. The items are set. I think quickbooks inventory will work, just need more research. Looks like a tough ask still....
Cool. Yeah, if your gift boxes are set, I haven't seen a way for Shopify to track the components w/o an app. If you're interested in getting this working within Shopify, take a look at these bundle apps.
Todd
QuickBooks or QuickBooks Hosting would be the right option for you to go for. You can definitely try it for one-time risk-free trail.
Regards,
Adrian Gates
Accounts Manager
Hi There,
you can Be Managing accountancy with ecommerce integration accounting software
@storefortrades wrote:I have a store I aim to setup, I have everything planned out yet accountancy is eluding me..
The store will sell gift boxes.
Each box will be made up of several items.
I want to reconcile the purchase of the gift box with my bank through xero/quickbooks.
For accountancy do I need the individual items to be updated in an accountancy software, to show what they sold for?
Do I need to update the software with the item purchase price from the supplier and reconcile that outgoing bank payment, to allow average costing of stock to take place?
How do I sell a box of say 10 items though update the shopify inventory with its individual parts?
I am looking for apps and suggestions on ways to set this up with minimal manual work.
Any help or suggestions are welcomed, thank you in advance.
Richard
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