By the Books: Step-by-step guide to Shopify and QuickBooks bookkeeping with A2X

[@DianaMaldonado-m4s]

Thanks for the reminder to be patient, paypal is crazy.

[@StefanGo-j7u]

Hi Brittany/Amy, Does A2X supports multiple locations setup? For example in QBO, I have enabled its Location Features and Inventory management. Does it map the location too?

[@A2Xaccounting]

Hi there! With A2X, you can use the QBO categories feature to add locations categories, as A2X currently doesn't integrate with the locations feature. A2X currently doesn’t have a connection to QBO’s inventory feature, but you can use our COGS feature. For more information, please reach out at [e-mail]. Thank you!

[@adventureish]

Brittany/Amy - we have Sales Tax nexus and remit sales tax in 9 different states monthly. Can/does A2X split up sales taxes by jurisdictions and/or states?

[@A2Xaccounting]

Hi there! Thanks for your question. Canadian and US A2X users can use a 'No Tax' or 'Tax Exempt' sales tax rate in A2X and map tax transaction lines to a Sales Tax Liability account. A2X tells you exactly how much sales tax was collected per bank deposit. A2X will show the total sales tax for each settlement (sales, refunds, fees, etc.) in the Sales Tax Liability account it is mapped to. In order to break down the sales tax collected for each state, you will need to utilize the sales channel (e.g., Shopify) tax report or a tax app (such as Taxjar and Avalara).

[@adventureish]

@@A2Xaccounting ok I think I get what you're saying: so A2X will bring Sales Tax into just ONE Sales Tax Liability GL account in our QBO financials. From there it's up to us individually to remit sales tax to all states using reports from Shopify to know what those splits are. Then when reconciling those payments in QBO, just match those individual payments to that one Sales Tax Liability GL again in QBO. I think that's what you're saying? If so, sounds good. Thanks!

[@A2Xaccounting]

@@adventureish Yes, that's correct! A2X users will need to individually remit sales tax to all states using the Shopify tax reports, and A2X will have the total sales tax collected on the Balance Sheet. A2X users can select their preferred Sales Tax Liability GL in the Accounts and Taxes mapping page. (Note: Please speak to a tax professional for specific tax advice.) Thank you!