Managing your Shopify store’s finances shouldn’t be a headache. As a Shopify store owner, you already have enough to juggle without worrying about your bookkeeping. The good news? There are some incredible Shopify accounting apps that can handle everything from tax reporting to accurate accounting.
In this guide, we’ve pulled together the 5 best accounting software for Shopify in 2024, including popular picks like QuickBooks, Xero, and FreshBooks. Whether you run a small business, are a growing business owner, or are just starting your Shopify account, you’ll find something here to simplify your accounting process and help you stay on top of your finances.
Shopify’s average sale value during Black Friday/Cyber Monday 2023 was $83 in the U.S., and higher in Canada at $96.( Source )
5 Best Shopify Accounting Apps:
1. QuickBooks Online: Best Accounting Software for Shopify Stores
QuickBooks is often the go-to for many Shopify store owners and small business owners who need a reliable and powerful accounting software. It’s packed with features like real-time reporting, expense tracking, and tax reporting. The best part? It seamlessly integrates with your Shopify account, syncing your Shopify sales, expenses, and even inventory.
Key Features:
- Automatic syncing with Shopify orders, reducing manual entry.
- Cloud-based accounting makes it easy to manage your finances from anywhere using a mobile app.
- Double-entry accounting ensures accurate accounting and minimizes mistakes.
- Includes financial reporting and tools to handle tax reporting.
- Offers a free trial so you can test it before committing.
QuickBooks Online is one of the best accounting software for Shopify because it helps streamline the most tedious accounting tasks like tracking expenses and preparing for taxes. It’s ideal for small business owners who need a solution that can grow with them as their business scales.
Why Choose QuickBooks for Shopify in 2024?
If you’re looking to boost your Shopify store and simplify your business accounting, QuickBooks Online is a top option. It’s easy to use for those without much accounting knowledge, and it provides robust features for more seasoned users. Plus, with the free trial, you can test it to see how it fits your business needs before fully committing.
2. Xero: Shopify Accounting Solution for Small Business
Xero is another powerhouse when it comes to accounting software for Shopify sellers. Known for its user-friendly interface and powerful automation tools, Xero is a great fit for both small businesses and larger eCommerce stores.
Key Features:
- Xero and Shopify integration for automated Shopify accounting.
- Ecommerce accounting features that help manage invoices, payments, and tax reporting.
- Real-time reporting to track your finances on the go.
- Cloud-based accounting software accessible from any device.
- Available free trial so you can explore the platform’s features before purchasing.
For Shopify store owners in 2024, Xero is a strong choice because of its simplicity and advanced tools. It’s one of the best accounting software for Shopify if you’re looking for a way to automate your accounting and focus on growing your Shopify store.
Why Xero is Best for Growing Shopify Stores
As your business grows, so do your accounting needs. Xero offers scalability, which is perfect for store owners who are ready to take things to the next level. The accounting features are robust enough for growing businesses but simple enough for new Shopify users to navigate easily.
Read More:7 Best Shopify Finance & Accounting Apps
3. Wave Accounting: Free Accounting Software for Shopify Store Owners
If you’re a small business owner looking for free accounting software, Wave Accounting is the go-to option. It’s an excellent choice for Shopify store owners who need basic bookkeeping without the price tag. Plus, it integrates seamlessly with your Shopify account, making it easy to manage your Shopify sales.
Key Features:
- Free accounting software for small business owners—no hidden costs.
- Manages basic accounting tasks like invoicing, payments, and tracking expenses.
- Integrates directly with your Shopify store, syncing transactions and sales data.
- Offers features like accurate accounting and financial reporting.
- Provides a cloud-based accounting platform that’s accessible from any device.
Wave is perfect for Shopify store owners who are just starting out or need a budget-friendly accounting solution. Although it’s free, it’s still a powerful tool for managing your business accounting without complexity.
Why Wave Accounting is Great for Shopify Sellers in 2024
For store owners looking to manage their finances without paying for premium services, Wave is a standout choice. While it may not have the advanced features of paid apps, it’s more than enough to cover the basic accounting needs of most small businesses. Plus, its seamless integration with Shopify makes it a top choice for new Shopify users in 2024.
4. A2X for Shopify: Best Shopify Accounting App for Ecommerce Accounting
When it comes to ecommerce accounting, A2X for Shopify is a top pick for Shopify store owners. This accounting software tailored specifically for Shopify automates reconciliation and provides in-depth insights into your store’s performance.
Key Features:
- Designed for ecommerce accounting with direct integration to your Shopify account.
- Automates the reconciliation process for accurate accounting.
- Generates clear and detailed financial reporting that keeps you on track.
- Syncs with other popular accounting tools like Xero and QuickBooks, making it easy to expand your system.
A2X is perfect for Shopify sellers who need more advanced accounting features and want a tool that’s built specifically for the ecommerce world. It ensures your Shopify payments are properly reconciled and accounted for, giving you peace of mind.
Why A2X is the Best Shopify Accounting App for Growing Businesses
If you’re managing a growing Shopify store, you need an accounting solution that keeps up. A2X is a great option for Shopify sellers who need reliable, automated reconciliation and deep financial insights.
5. Zoho Books: Best Shopify Accounting App for Shopify Sellers
Zoho Books is an affordable and feature-rich accounting software designed for small business owners. It integrates well with Shopify, automating everything from expenses to taxes, making it easy for you to focus on running your Shopify store.
Key Features:
- Automates accounting tasks like expense tracking and tax filings.
- Integrates smoothly with your Shopify store, keeping your financials up to date.
- Cloud-based accounting software accessible from any device.
- Offers comprehensive financial reporting tools to help you make smarter decisions.
- Provides a free trial to test its features before purchasing.
For small business owners, Zoho Books is an affordable accounting platform that doesn’t compromise on features. It’s a great accounting tool for Shopify sellers who need a budget-friendly yet powerful solution.
Why Zoho Books is Perfect for Shopify Sellers in 2024
Whether you’re a small business just starting out or a Shopify store owner with growing needs, Zoho Books provides all the essentials without breaking the bank. Its ease of use and integration make it one of the best Shopify accounting apps for 2024.
Conclusion:
Selecting the right Shopify accounting solution can save you hours of time and prevent financial headaches. Whether you’re a small business owner just starting out or an established Shopify seller, these accounting software options for 2024 will help you manage your finances and grow your business.
With free trials available for most apps, it’s easy to find the one that suits your needs. Whether you choose QuickBooks, Xero, FreshBooks, or another app from our list, you’ll be one step closer to streamlining your Shopify store with apps that make accounting a breeze.
FAQs for Shopify Store Owners Looking for the Best Accounting Apps
Can I use multiple accounting apps for my Shopify store?
Yes, it’s possible to use more than one accounting app, but it’s not always recommended. Most Shopify accounting apps provide robust features to cover most financial needs, such as invoicing, payroll, and tax calculations. Using multiple apps can lead to confusion or duplicated efforts. Stick to one app unless you have very specific needs that require separate tools, like a dedicated tax app alongside general accounting software.
How can I automate tax filing for my Shopify store?
Many accounting apps offer tax automation features. For instance, TaxJar is specifically designed for automating sales tax calculations and filings. It tracks tax obligations in different states (important for businesses with customers in multiple regions) and helps you file the correct amounts to the right jurisdictions automatically. QuickBooks and Xero also offer tax management features integrated within their platforms.
What’s the easiest accounting app for Shopify beginners?
Wave is often recommended for Shopify beginners and small businesses because it offers a free, user-friendly interface. It covers basic needs like invoicing, expense tracking, and simple financial reports. Wave integrates directly with Shopify, and it’s a great choice if you’re just starting and don’t want to invest in a paid tool immediately.
Do accounting apps handle multi-currency transactions?
Yes, some apps handle multi-currency transactions better than others. For example, Xero and Zoho Books offer excellent multi-currency support. These apps can track sales, expenses, and profits in multiple currencies, which is helpful if your Shopify store sells internationally. They also update exchange rates automatically for accurate reporting.
How do accounting apps integrate with Shopify?
Most accounting apps on Shopify, like QuickBooks and Xero, offer seamless integration through the Shopify app store. Once connected, these apps automatically sync your store’s data (sales, expenses, taxes, etc.), reducing manual entry. The integrations also allow for real-time reporting, so you can monitor your store’s financial health without exporting data manually.
Are there free accounting apps for Shopify?
Yes, Wave is a popular free accounting app for Shopify users. It offers core features like invoicing and income tracking at no cost. However, for additional services like payroll or payment processing, you may need to upgrade to paid versions or pay transaction fees.
