With people’s hectic schedules, varying needs, and more complicated lifestyles today, it truly isn’t a wonder that Shopify stores and other eCommerce businesses now thrive in bustling places all over the world, including Singapore.
But regardless of hard you’ve worked to finally launch your business in Singapore, you can’t just let your Shopify store grow and fight the tough online competition on its own. Even if you think you’ve found the perfect online niche, you still can’t ignore the fact that at the end of the day, it still is a numbers game. After some time, you’ll realize that it really wasn’t how you started that matters. Because whether you’re running an online or physical store, it’s still how you manage your company’s numbers that counts - that’s what will make you rise to the top.
As the experts here at Enterprise Global are committed to providing you with solutions for eCommerce accounting and management, we want you to know that one of the best moves you can do for your Shopify store is to integrate it with a beautiful accounting software such as Xero.
Why do we think that it’s truly important for you eCommerce business owners to do? Here are just a few of the reasons why:
Elimination of Manual Data Entry
We all know how it’s already easier to run a Shopify store than that of a physical shop. You just upload pictures of your product along with its price and description, and you’re basically good to go. Even so, that ease of selling still doesn’t eliminate the need for organizing orders, recording sales, and monitoring inventory. And so, with time-consuming data entry tasks like these, you’ll want something that can truly help you out.
By using Xero with Shopify, there’s less need for manual taking note of orders, creating invoices, recording sales and customer information, input taxes, manage account receivables, and more. You can easily integrate your Shopify sales with your bank accounts, payroll, bills to suppliers, and more. Everything can be technically done in just one click. To simply put it, by integrating Xero with your Shopify store, you’ll save lots of time on a daily, weekly, and monthly basis because you’re free from all the stressful data entry tasks.
In relation to our previous point, because Xero makes it possible for you to eliminate the manual data entry tasks of running your Shopify store, you’ll also increase efficiency in almost all your processes. We also know that it’s already faster setting up your online store; but just think of how it’ll be a lot easier for you if you’d be less prone to errors!
Without the need for much manual data entry, you’ll never have to deal with data errors ever again. Making important business decisions based on the wrong data is catastrophic. So once you experience the better process efficiency with Xero, you won’t ever have to worry about the risk of error. All your data on sales, inventory, orders, deliveries, payments, and more are now accurate and error-free in real time. By ensuring efficient processes, you’ll be able to work smarter and manage your business better.
A Closer Look at Your Business
It is truly a lot easier to stay on top of your game and closely monitor your eCommerce business if you’re saved from most of the operational and administrative tasks. And just like what we said, Xero accounting can make that possible.
By integrating Xero with your Shopify store, you are given the ultimate opportunity to take advantage of a complete end-to-end solution for your eCommerce needs. It’s definitely easier to manage the processing of incomplete orders, track fast-moving inventories, reconcile bank accounts, monitor accounts payable balances, do financial reports, and calculate tax dues, among many others.
And don’t ever think that Xero can only help you with accounting and payroll. As Xero is also integrated with more than 600 third-party applications, you are also provided with specialized software solutions for easier payments, time keeping, inventory management, reporting, and more. With all these time-saving tools, you can now finally say that you focus more on what you truly love about running a Shopify store.
To really help you realize the importance of integrating your Shopify store with Xero, take a look at these other benefits that await you:
- Get a real-time view of your online business financials using a convenient and personalized dashboard
- Create recurring invoices easily
- Track your sales and income even when you’re on the go
- Export orders in just one click
- Create expense claims with your mobile or tablet
- Update payroll data automatically
- Create budgets and performance reports without waiting till the end of the month
- Easily compute taxes you need to fulfill
- Let your accountant and other staff use your Xero account in your place, without any additional fees or charges
Indeed, with a beautiful collaboration such as Xero and Shopify, it’ll now be easier for you to stay on top of the numbers game, grow your business in Singapore, and make all your dreams a reality. All you have to do now is to integrate Xero cloud accounting software with your Shopify store.
So if you’re looking for professionals who are experts in integrating Xero with eCommerce businesses, search no more and choose Enterprise Global. We’re not just advocates of Xero Singapore, but more importantly, we’re dedicated to helping business owners like you succeed and reach their goals in The Lion City. Reach us through email if you want to know more about us and our services.