Bookkeep

Daily accounting automation for online sellers

Daily automation that carries online and in-store sales figures into a business's books. It is built around Shopify merchants, and it also serves the accountants and bookkeepers who manage several clients at once. The company describes itself as the smarter choice for automating accounting work.

Revenue summaries and recognition

Sales from Shopify, Amazon, PayPal and other channels are synced into the accounting system as clean, daily journal summaries on an accrual basis. Revenue is recognized when an order is fulfilled, and deposits are reconciled automatically against the bank.

Sales tax compliance

Sales tax is handled from start to finish. The company says it files and remits sales tax across all fifty US states on behalf of its customers, backed by a team of dedicated sales tax specialists, so that a business stays compliant as it grows.

Payout splitting and transfers

Shopify payouts can be split by store, franchisee or sales channel, and the funds are transferred to the right bank accounts. Every deposit is reconciled in the general ledger, so a business that sells through several outlets can see which revenue belongs where.

Franchise and multi-entity businesses

A single Shopify store can feed the books of one or several legal entities, with the software routing revenue reporting to the correct set of books. For franchise networks, the company describes a payout engine that allocates each deposit to the franchisee's bank and captures franchise fees for the franchisor automatically.

Retail, online and multichannel sellers

Online-only brands, shops running Shopify point of sale and businesses selling through several platforms all use the same approach. In-store and online sales can be combined into one daily entry, and fees and taxes are consolidated across platforms into entries that the company describes as audit ready.

Agencies and implementation partners

Shopify agencies and implementation partners can use the platform for their merchants, saving time during onboarding and in ongoing support. The company says support for business-to-business Shopify stores is on its way, with invoicing, payment terms and wholesale workflows.

Connections and accuracy

The software connects with Shopify, Amazon, Toast, Square, PayPal, Stripe, QuickBooks, Xero, NetSuite and Sage Intacct. The company claims its work is accurate to 100 percent, and says its team of accountants, controllers and automation specialists supports each customer through setup and beyond.