QB Power Hour Podcast

Shopify Showdown: Comparing Shopify connectors in QuickBooks [04.14.26]

• Dan DeLong

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Everyone is asking - What is the best shopify connector to QBO, we'll breakdown the pros and cons of several of the key players when it comes to getting your Shopify transactions into QuickBooks.

QB Power Hour is a free, biweekly webinar series for accountants, ProAdvisors, CPAs, bookkeepers and QuickBooks consultants presented by Dan DeLong and Sharring Fuller who are very passionate about the industry, QuickBooks and apps that integrate with QuickBooks.

Connect with Sharrin's Clone and Conquer Hub: https://snip.ly/SharrinQBPH
Get QuickAnswer with Dan's School of Bookkeeping Community: https://snip.ly/QuickAnswers

Watch or listen to all of the QB Power Hours at https://www.qbpowerhour.com/blog

Register for upcoming webinars at https://www.qbpowerhour.com/ 

Dan DeLong

Welcome to another QB Power Hour. Uh, today is our first in this new series of app Showdowns. Today we're gonna be having an a a, plethora of, apps to compare here with the Shopify Showdown, comparing Shopify connectors in QuickBooks with, not Sharrin, but a special guest, which will, um, finally be revealed. Uh, this today. Uh, my name is Dan DeLong, owner at Danwidth and School of Bookkeeping. Worked at Intuit for nearly, uh, 18 years co-hosting today, also over at School of Bookkeeping, doing a workshop on Wednesdays, oddly called Workshop Wednesdays. And admin of the Facebook group, uh, that we, uh, that. Ties to this to this webinar series. And joining us today is my co-host over at, uh, workshop Wednesday, Rachel DCI's, filling in for Sharrin today. Uh, for those that, um, haven't, uh, experienced the wonderment of Rachel tell us a little bit about yourself.

Rachel Dauchy

Wonderment. Wow. Well, thanks Dan. I'm really happy to be here and, um, there's a lot of neat information on that slide there. But yeah, I specialize in e-commerce, accounting and bookkeeping and yeah, so with that we use a lot of automation tools and, um, I've spent a lot of time deep diving into the weeds with a lot of these tools and so, uh, spent a lot of time talking about it as well. So I've got a lot of insight. And

Dan DeLong

you just got back from, uh, shop Talk, uh from, uh, which is a conference in Las Vegas. What is, uh, what is that all about?

Rachel Dauchy

Oh, that was so cool. That was by far my favorite conference that I have ever been to. It was basically every e-commerce platform and marketplace was there, including Walmart, Amazon, Etsy, and Shopify of course, and WooCommerce and all kinds of things, and including payment platforms. They were all there, Stripe, PayPal. It was really cool and I had a lot of conversations with a lot of different companies there, and there's just a lot of stuff going on that I wanted to. Keep my, um keep, myself abreast of all of this information.

Dan DeLong

Alright. There's, there's, there is a lot to know, uh, when it comes to, you know, this particular, uh, niche and you had come on the Power Hour, I think a couple years ago talking about, you know, the e-commerce niche nuances.

Rachel Dauchy

Yeah.

Dan DeLong

And, we'll be talking about some of the things that you and I have done since then. Mm-hmm. Um partnering together about this particular industry. But today we're, we're gonna be focusing on the, uh, the Shopify connections. Now if you wanna get connected with, uh, either myself or Sharrin, uh, you can log in or, or connect to with us on our respective platforms. Me over at School Bookkeeping and Sharrin over at clone and Conquer. And little bit about the updates to the QB Power Hour. We have. Since gone to individual registrations those of you that were attached to the recurring that's going to ultimately expire in probably, uh, three or four more webinars. We're trying to make sure that people, all the people that were part of that recurring series, uh get the memo that we are moving to the, individual registrations. Uh, and you're experiencing that overlap of if you are registered for one of the individual ones and you're also still registered under the, the recurring, you're gonna get two reminders. And we're trying to keep them in sync, but that's one of the reasons that we're moving to individual ones because it was very difficult for that recurring to be in sync with what reality is. So, uh, you might see some, some mismatches there and apologize for that, but. It's all gonna be, it's all gonna be Okay.

Rachel Dauchy

Good. Reassured.

Dan DeLong

Yes. Uh, so this is, uh, one of the the, the quarterly series is that we're trying to, um, incorporate in the power hour where this is an app showdown, right? Because I think, uh, and, and Rachel, we, we've kind of talked about this over at the, over at the workshop there's, no like silver bullet when it comes to the, integration of choice. And maybe you have one that is the the first one that you, that you deal with, but then there's always those individual necessary needs from, from a business that might need more than, than maybe your app of, choice. What, uh, what, what is your thought process about, you know. Choosing one or, or do you, do you, subscribe to, well this, all of these could work

Rachel Dauchy

well, like you just said, they all are very different and it's just not a one size fits all type of thing. Mm-hmm. And so when I first started looking into a lot of apps several years ago, I kind of had that same misconception that I think a lot of people have, which is all I needed to do is bring the transactions over to QBO and then, you know, after. Uh, diving into that for quite a while, I realized, well, wait a minute. You have to back up a step and you have to realize, what am I trying to accomplish? And it's not just bringing the transactions over to QBO, I mean, there's various things that you want to happen when it comes over to QuickBooks Online, whether it's managing some type of inventory, or you want things to appear a certain way on the p and l, or you are trying to do some class tracking or location tracking. It really depends on what you're trying to accomplish. So you really want to ask yourself that question first. I, is it, do you have a client that's asking you for something specific? Are you trying to look at something specific? Maybe you're doing some kind of advisory. So there really is. A litany of different things that you can do with these different apps. Some work better than others, some work differently than others. Right? And so it's really important to, maybe not for everybody that's listening to have a deep understanding of all of them, maybe like I do, but, and you do Dan too but, really to have a foundational knowledge of the key issues, uh, not issues, but the key characteristics of some of the well-known connectors out there, including the Intuit connectors,

Dan DeLong

right? Yeah. So that's, uh, this is our agenda for today. We'll be talking a little bit about some Intuit news where, um. We wanna make sure that people are aware about, uh, the canny option for feedback. That's not that's not an adjective, that's a noun. Canny is the avenue, uh for, feedback, and we'll talk a little bit about that. Uh, but then we'll break down into the Shopify sales connectors, what they are, what are what's, one of those, some of those considerations that you wanna, uh, work with in, in talking things through with your clients, uh, or prospective clients. Uh, what is available inside of QuickBooks online. And then we'll talk about what is available outside of QuickBooks Online. Uh, breaking down the, summary integrations or the detail integrations or when you need something that's more than just Shopify. So that's, that's hopefully everything that we'll we'll get into today. It is a lot to cram into an hour. Uh, we do have additional resources because, uh, Rachel and I have spent. The last couple years talking about these, these features or this function. Um, and we do have you know, some courses and content available over at school bookkeeping, uh, to review at another another time. All right, so let's start off with the first poll question with how many clients do you have who use, uh, Shopify? Now, Rachel, that is not the only player in, town when it comes to a, a sales channel, a Shopify, but why is Shopify kind of like the first place that, that Shopify tends to, or, or sales channel that, that people team to gravitate towards? What's so great about Shopify?

Rachel Dauchy

Because it's the best,

Dan DeLong

but why?

Rachel Dauchy

Well, I'm biased. I'm a Shopify partner and reseller and can collaborator and. Let me just say this. If you happen to be at Shop Talk in Las Vegas a couple weeks ago and you saw Shopify's booth, it was like the size of a city block. Wow. You could really understand how significant Shopify is in this space there. Shopping cart power is so incredible that I, you can, you can have a multimillion dollar e-commerce brand on the Shopify platform. So Shopify really is meant, and this is what they'll tell you, Shopify is meant to create a Shopify store in a day, which you could, and start with basically nothing and scale that up to a multimillion dollar enterprise in a matter of weeks or months. I mean, it's limitless. It's really what you can do. They can do it what you can imagine. They can do it. It's just very powerful. Uh, I like the reporting. I like the ability, the, you know, the, the working with the products. 'cause I, I also deal with inventory management and we don't manage the inventory in Shopify. We can have a whole other discussion about that. We're not gonna get into that now. But I do go into the product setup. I do look at variance. I do look at cost goods sold. I do look at things like that. And just in terms of sometimes when I need to dig around Shopify, I can usually find what I need. Some of the other platforms not so much.

Dan DeLong

Mm-hmm. Yeah. And, and, um it, it's kind of like Shopify is the QuickBooks of e-commerce, right. It's a, it's a really good entry point. It, it does a lot of things for a lot of people. And then there's this whole app ecosystem or plugins. For when you need to need it to do more than it does right out of the box.

Rachel Dauchy

Yeah. And I just wanna speak to Nicole really quick. Um mm-hmm. There's some nuance when you're dealing with wholesale. I would never recommend you can do it, there's some workarounds and tricks to do it with a tax exempt customer, but I would not do wholesale and retail in one Shopify store. When you're managing that in one Shopify admin, I would do a second Shopify store just for wholesale. Or if you are dealing with more complexity when you're doing retail and wholesale, I would wholesale out of an IMS and we'll get to that at the end of the, of the hour.

Dan DeLong

Yeah. Looking at the, poll results looks like, uh, 71%, uh, are only a few clients, uh, using, using Shopify. So there are a, a handful or smattering of, uh of, of, us with. Shopify, uh, Shopify clients. So let's, uh, let's talk a little bit about the Intuit news and updates and talk about canny feedback for accountants. And I meant to put the link in the slides and it looks like it's not there. But there is a new-ish feedback channel that is available and, and focused on the accountant community, right? We, because we, we tend to have pretty good feedback, uh, because we're, we use it regularly and putting it into the gear and send feedback. It, it's just kind of this sending it over the wall and you, there's really no closed loop when it comes to that. So Intuit has, has rolled out this is the second coming of this thing. Um, this, uh, something similar, uh, they had, oh, probably in like 2013. But. What this allows you to do is to, you can essentially use your, your Intuit login same login that you use, or your same email address and, and password that you use for for your QuickBooks. But right now they, they're focusing this, uh, this feedback on three major areas. The bank feeds modern reports and payroll, uh, which are three big concerns for the, accounting community. But what this allows you to do is to see other people's feedback and you can upvote it, uh, so that, so you don't have to keep putting in individual, like, you know, if Rachel and I put in the exact same feedback, it requires somebody else to combine those into now two pieces of feedback for the same thing. This allows you to, to look at the previous, uh, submissions and just. Upvote it and, and say Me too type of thing with those things. And on top of all of that, Intuit product developers or, um, you know, development or project managers or product managers, uh, that are overseeing these, some of these initiatives will provide context ask for more information if they need to on those specific feedbacks that are there. Um, and then they'll, be able to put them into things that are under review things that are planned to be rolled out, and things that are already, uh, released. If you have feedback, this is a great way to, to put that in to see if it's already there. And then you get digests sent to, to your email when there is updates to those things. So it's a, it's a pretty interesting, experiment that they're doing with the accounting community. I believe the website is intuit.canny.io. I'll have to look that up. And, uh, let's just see if that actually works before I put it in the chat. And it is. Okay. So I'm gonna put that in the, chat here so that everybody has, uh, access to, setting that up if you haven't already. Or checking it out if you have and forgot about it. So that's, uh, that's something to, just keep in mind about feedback. I think this is part of the challenge of, Intuit is that they have a lot of data and a lot of feedback. And, you know, if, if you have different places to put in feedback, it, it ends up being. Spread out and maybe not consolidated. I'm, my hope is that this becomes the feedback channel. Uh, but of course, like anything else that Intuit puts out, it's not gonna get any notice if it's never used. Check it out and, uh, and we will see how this evolves over, time. Alright uh, so as mentioned, uh, Rachel and I did a workshop series, uh, which was very low key. And, and you know the, idea of, of the workshop series is it's casual conversations for serious workflows. Uh, so we don't really go into a lot of demos or deep dives. It's really just a conversation that we have about those things. You know, we certainly can, you know, share, you know, screens and those types of things on the, on the workshops. But our main goal is to have conversations about these concepts and topics. Uh, so we talk about the different components, uh, of a e-commerce business, different sales channels versus marketplaces, inventory management and considerations about that. And then of course, sales tax is gonna always creep up into that picture. Um, and then dealing with, uh, Shopify fees and expenses. So, uh, we created a playlist. So you can just, uh, click on the link there in the, in the, the handouts. I'll watch the playlist at, your, at your leisure. Or you can, uh, you know, go into the school of bookkeeping and we have those in there as well. So one of the bigger concepts about e-commerce is this concept of, of clearing accounts. So Rachel, you wanna just kind of set the stage of, clearing accounts why they're, why they're necessary when it comes to, you know, e-commerce and, and how you ultimately end up using them in this, type of, uh, industry.

Rachel Dauchy

Yeah. So even though I work in inventory and e-commerce, I'm an accountant. I'm an accountant first. I'm also working on my master's in accounting, believe it or not, right now. And so, um, there's a lot of reasons that we use clearing accounts, but in specifically e-commerce, one of the main reasons is exactly what you wrote here, a temporary account to account for the passage of time and really. To think about it. The best way is it is eventually going to clear out. That's why it's called a clearing account. So I may put something on the credit side on one day, and then the next day I'll put something on the debit side and then it'll clear out to zero. So for example, in oh yeah, so, so you've got undeposited funds and accounts receivable. So those are classic examples of a clearing account, right? So you're posting some revenue in accounts receivable, and then when the payment comes in, it's going to clear that out. So it's a pretty simple concept, but in e-commerce, one of the reasons that we use a clearing account is because. The payments don't always come in. Well, I'm not gonna say don't always, never come in individually. They come in in a batch. So it, there are times in which we post the revenue to QuickBooks in either a individual sale or a summary for the day. But either way, that's still getting posted to revenue. And so, and as we know in accounting, revenue is a credit. So what we do is we post the expected payout to the debit side, and then when that cash deposit comes in, we credit the clearing account, thus clearing out the clearing account and debit cash. Sorry about that. That was my backpack. So that's really how it works in a nutshell, using debits and credits. And I'm sorry too, you used debits and credits, but. It's really the best way to explain it and understand it. And I can talk about debits and credits forever. So if anybody wants to chat about that. And then one other thing that I'll say is one of the reasons that we do kind of keep this you know, more conversational than really getting into the nitty gritty, especially as it pertains to inventory, is it's hard. And so I'm more than you know, available and welcome to chat with anybody one-on-one. When it comes to the managing of the inventory, it is so closely related to the movement of financial information when we're talking about this topic. So it can get really complicated really quickly. So that's, I just wanted to add that on there of. You know why sometimes we kinda have to stay away from the ultra complex when it comes to that, but mm-hmm. There usually always is a very ultra complex answer that we can tailor to everybody's situation. But when you are doing e-commerce, accounting and bookkeeping, you gotta use a clearing account. If you're thinking that you're not going to, you're not gonna do it. Right. That's I'll die on that hill. You must use a clearing account.

Dan DeLong

Yeah. And, and you, uh, you typically will set them up either as a ba you, set them up as bank accounts or other current assets, or does that matter?

Rachel Dauchy

It depends on if you want to deposit to the clearing account there. It really depends. There are some situations where if, depending on the connector that I'm using, I will map and set up and create a. Sales posting. And then I'll also automate and create a payout posting. And so there I'm getting match, match, match, match, And the bank feeds don't need to deposit anything. If oftentimes maybe I'm using something that's a little more obscure and it can only post the revenue and it can't post the sale. I mean the, the payout portion I will then deposit, said payout into the clearing account. And in that situation, you wanna set it up as a checking account. And Dan can get into the nuance of QBO. You can't deposit into another current asset account. And so it really depends. Yeah. I hate answering that way, darn it.

Dan DeLong

That is the common answer. That would, it has to do with depends, right? 'cause there, because there is no silver bullet, you know, one size fits all right. But, um.

Rachel Dauchy

Yeah. And as a, as a advisor, you know, everybody's advisory, my advisory is in this space. It's an inventory management e-commerce accounting and sales tax and, and that kind of thing. It, does require a lot of questions. It does require a lot of digging and nuance and finding out a lot of this stuff before you dive in. So that's why we're having this session.

Dan DeLong

Right. And so so this, comes into the conversation when someone has a Shopify business and they have QuickBooks and they want to investigate the option of, well, how do I get. My Shopify sales into, QuickBooks. Right? So there is going to be, there's a variety of ways. And of course the answer of how do you do that? What's the best way to do that is of course it depends. Mm-hmm. It will depend on some considerations that we're gonna be talking about and the application, their budget those types of things. Uh, but in, in the grand scheme of things, a sales sale, a Shopify sales connector, or we would, you know, I would call 'em a bridge, is a way to get those sales and sales transactions into QuickBooks in a usable way. And so there are a lot of ways, uh, or considerations when determining which way is available. There is you know, a Shopify connection inside of QuickBooks online, and then there's, uh, a host of other apps that do essentially they adver, they all advertise the same thing, but.

Rachel Dauchy

And there's also hand keying in the orders. And

Dan DeLong

yeah,

Rachel Dauchy

I would rather die than do that, but I'm saying that because sometimes I have conversations with business owners or their team or whatever, that not everybody knows everything, right? And so they're, they'll hand key them in. So that is a thing too. You know, in our world of apps, we don't need to do that anymore,

Dan DeLong

right? And, um, so let's, let's kind of go into this, uh, this Shopify Showdown selecting the right tool. And here's where the challenge comes in, right? Like if you do it, if you go to apps.com or the QuickBooks online apps app center and type in the word Shopify, you get. I did it right before the, uh, the session today. I got 41 results for the word Shopify. And you can see two of them are essentially the same thing. Shopify connector by QuickBooks or Shopify for QuickBooks Online. Are they are, they, one of the one in the same thing or not? I don't know. Because they've got the same icon.

Rachel Dauchy

Yeah.

Dan DeLong

So you'd have to go look and see if that is, well, why does this one have 4.8, uh, star reviews with 4,600 reviews and this one has 2.2? That's, aren't they the same thing? Well, they may or they may not be. Right. But the core features of these Shopify sales connectors are they're going to post or bring in, in, in their way. Not necessarily the way that you want, but the way that that application is designed to work. Sales and return information. Things of, you know, that, that impact that sale shipping costs, sales tax, you know, those, all those considerations or, parts of that sale, and get that into QuickBooks and then reconcile the payout in some, manner with those transaction fees that they lovingly charge. Uh, so for the payment processor. So would you say, Rachel, that that in a nutshell is what these what these sales, Shopify sales connectors are designed to do?

Rachel Dauchy

Yeah. They do it for you, which is great. Yeah. I mean, we're at the point now where we're, not just data entry clerks, right? Mm-hmm. We are relying on automation tools to bring in this data. We verify the data, right? So now we can. Beyond, we can go beyond data entry. We can truly do more analysis for our clients and build our firms in a completely different way like I have.

Dan DeLong

And that's why you have these things funneling through the clearing accounts, right? Uhhuh? 'cause the payouts are gonna be a grouping of individual sales transactions. So if you are putting into this OnDeck circle, all of the sales of the sales of sales are, are are coming in into QuickBooks. And eventually there will be a payout of that hitting the bank account minus fees and. Depending on how they paid for it. Right? And we talked about, you know, the buy now pay later or different options, PayPal as a payment method, those are going to hit the bank account in a different fashion. And so that's, that's why you would use these clearing accounts so that some transactions go into the PayPal clearing account and then the PayPal deposit comes in at a later date.

Rachel Dauchy

Yep. Right?

Dan DeLong

And that's, yep. And

Rachel Dauchy

I use a clearing account for every single payment method, for every single marketplace, for every single platform. I, that's the way I do it. I, I think that's the way most people do it, but that's the way I do it, just because when I've got one clearing account for. A lot of different payment methods. It just gets too convoluted for me. And I have clients that are omnichannel. I mean, we've got payment methods and things coming in from all over the place. So as an accountant, it's really the better way, um, at least for my brain to do it,

Dan DeLong

right? So there are a lot of things to consider, right? As far as determining what might be the best route to go. And so here's just a smattering of, some of those considerations, right? So,

Rachel Dauchy

yeah,

Dan DeLong

big thing I think the first thing to determine with your client is where is that inventory source of truth gonna be?

Rachel Dauchy

Because that is the number one consideration. Absolutely most important consideration is inventory source of truth,

Dan DeLong

right? Because if you are managing your inventory inside of QuickBooks, then everything has to be in service to that. So that is going to. Rule out or allow various other options. When we, get to, you know, the the, difference of, and, uh, but before we get in too deep, I wanna let people know that at the end there is, uh, a slide that puts a side by side comparison of all of the ones that, that we're gonna be talking about here today. Which one's the best for this or that, or, you know, what, what its ideal fit is for. So don't worry, there will be a, a summary at the end, right? But the

Rachel Dauchy

inventory source is true. Yeah. And I just wanna just say really quick too, there, you can manage your inventory in QBO. I mean, I know that's a big point of contention for a lot of different people out there. In on workshop Wednesday, we have talked about this many a time. There are, and so I'm not even gonna get into it. I'm just gonna say yes you can, if it's simple enough. If there's not a lot of skews, if you're just on one platform, yeah. If you're not concerned about it pushing inventory levels to your platform, there are situations in which you can, and sometimes even it's easier to do in QBO if they're not wanting, if your client isn't really wanting anything, all that complex there. I have clients that manage their inventory in QBO. Right. And for that reason are, you gonna, are you gonna say what type of connection we want? If they're doing that,

Dan DeLong

yeah. Then you'd want some detail, you know? Yeah. The sales detail.

Rachel Dauchy

Yeah. So in that situation, you want individual sales transactions and so you need that, 'cause you need the item information. Right. You need to know on the sales receipt. And by the way, I usually will always use a sales receipt when those are coming into QBO. I don't ever use an invoice.

Dan DeLong

Try not to use an invoice. Yeah.

Rachel Dauchy

Yeah. Because I don't need it to hit AR because it's a point of sale transaction. You right. It's not a. I'm giving you an invoice and then you pay me 30 days later. No, it's a point of sale transaction. I'm recording the point of sale and I'm recording the offset, the clearing account of where I'm expecting that payout. So easy peasy.

Dan DeLong

Yeah. So like this feeds into the next topic of, you know, Shopify Omnis sellers or, multiple channels, right? Because once they start selling on, on Shopify that's kind of like the gateway drug of e-commerce, right? Hey, look at all these other places that I could sell, uh, stuff online like Amazon or or Walmart marketplace or TikTok shop or, you know, various other places to put those things in. So when you're deter once, once you've established where your inventory source of truth is, like Debbie just said in the chat, my client is managing their inventory in Shopify, which is possible, you know, you can do that.

Rachel Dauchy

It's not, you're not gonna get a full inventory workflow, though it can't do purchasing, but we can talk about that offline.

Dan DeLong

Right? But then you have an omni seller who's selling in more than one place, Shopify and Amazon, for example.

Rachel Dauchy

Mm-hmm.

Dan DeLong

Right? And now there's a consideration of, how do I tell those different two. Platforms how much I have available to sell. Because Amazon is pretty, uh, annoying when

Rachel Dauchy

Yeah,

Dan DeLong

you don't have, when you sell something and you can, and you can't chip it, right? They They. wag their finger seriously at the Amazon sellers when they're not, you know, when they put stuff on back order, right? So that, that becomes a consideration when we're talking about o Omni sellers also selling with, with Shopify. And Shopify in their infinite wisdom would, could potentially say, well, let's just connect your Amazon to Shopify and now you have the way to get it inside of QuickBooks, but now that it further complicates the connector that you might be utilizing,

Rachel Dauchy

if that's the case, well, you can't do that now. I just spoke to Amazon at Shop Talk. Mm-hmm. And they actually now have a functionality within Amazon to connect your Shopify and manage that inventory. Again, this stuff is, that technology is changing so fast.

Audio Only - All Participants

So,

Rachel Dauchy

so fast. That was as of they, the guy told me as of like a month before that they finally got that completed. So I'm gonna be learning a lot more about that as well. And so it's really wild how fast this stuff changes.

Dan DeLong

And then so another consideration is, is how they're collecting funds, right? Is it all through just Shopify payments, which is the preferred method? Are they using some other payment processor to, to actually do the processing? If their PayPal, their potential buy now, pay later maybe they'll throw in a loan. Uh,

Rachel Dauchy

yeah.

Dan DeLong

Well, yeah. And in Shopify,

Rachel Dauchy

by the way, you, they've got native integration with hundreds and hundreds of other third party gateway. So what I want to clarify is when I say Shopify is the best, I am not saying Shopify is the best at inventory management. We manage that elsewhere. Okay. We push levels to the storefront. So Shopify is best at native integrations, reporting if you need a Shopify loan. All kinds of different things that, that it's creating a store like in a snap, it's got all kinds of benefits to it, not necessarily with inventory management.

Dan DeLong

Yes. And, uh, there are, there are plenty of other considerations like sales tax, right? Which is a huge consideration where they're collecting and, submitting sales tax, right? If, uh, depending on how that in information is getting from Shopify into QuickBooks, you know, they may be severing, uh, work workflows based on how that information is coming in. Uh,

Rachel Dauchy

so yeah, and sales tax, by the way, is another area where Shopify excels in comparison to WooCommerce, which I deal a lot with. WooCommerce is the worst when it comes to sales tax. Shopify highly outperforms WooCommerce.

Dan DeLong

So I, I'm throwing up the, uh, second poll question. Have you ever, have you tried the internal Shopify connector? Uh, looks like it's pretty evenly of, uh, yes. Still using it, and yes, I turned it off. Uh, so about 50% of the people who have tried it have turned it off, um, and, and the, rest are not even trying it or it's not applicable to what they do. Uh, so let me go ahead and end the poll and share the results there and we'll, we'll talk about that. Uh, Shopify Sales connector. What is available, uh, inside of QBO? You can't beat the price, uh, because it is free. Uh, depending on your your version of QuickBooks, uh, you get, I think one sales connector with with Simple Start three with sh. Essentials. I couldn't, I couldn't think of it there for a second. And then, uh, it's unlimited at plus in advance. But uh, I think there's only, uh, four or five, uh, that are, that are ultimately, uh, available as a sales connector that Intuit creates. Um,

Rachel Dauchy

yeah, and I love how Ben has said it's turned to garbage as of November, 2025. I love that he has like a specific date

Dan DeLong

when that occurred.

Rachel Dauchy

I think it's before then, but that's okay.

Dan DeLong

It does

Rachel Dauchy

enter. And for the Shopify connector, how are you managing your inventory, Dan?

Dan DeLong

You would have to manage your inventory inside of QB at that point, right?

Rachel Dauchy

It's only for if you're managing your inventory in QBO.

Dan DeLong

You know, it, it, uh, it manages it works fairly well if it, if you are, if they're only doing Shopify and they're only doing Shopify payments any of those additional considerations, uh, it tended to get a lot more complicated for sure. And, uh, I did a workshop with, uh, Matt Fulton, uh, over at, uh, school of Bookkeeping and where we, we were kind of talked through, uh, some of these things. It was before, uh, apparently it went to garbage, so we may, in

Rachel Dauchy

November,

Dan DeLong

we might need to, uh, uh, revisit that, that workshop, uh, again, but, uh, check thing, check that out there. But it is there, it's available. You can, you, you can test this out in conjunction with another because you're not, there's no cost in doing that because there's no cost for the, for the app.

Rachel Dauchy

And, you know, I will say it's also not great for high volume. It's, if you've got fee sales coming in here and there maybe, and your client's very cost conscious or whatnot try it. I don't use it, but I it's definitely, it. It'll do the job if you've got a simple scenario.

Dan DeLong

and then, you know, when, when looking outside of QuickBooks there are a variety of considerations of the, of those applications, right? Like the type of posting that they will do. Maybe it's a summary transaction that is not a sales transaction, but a financial transaction of like a journal entry. There may be, uh, applications that allow you to map to, generic items so that you're not necessarily tracking the inventory, but you wanna recognize the sale and see the sale and that history inside of QuickBooks. So you can do that with generic items, or you can have the item detail come over so that, again, if QuickBooks online is your source of truth for your, inventory, you wanna have the sale that's created in Shopify Mirror, the sale that's created in inside of QuickBooks. So you, you have those potential options, additional sales channels those, considerations for, they're selling on multiple Shopify stores, for example, uh, or their marketplace versus, uh, a sales, a, an online chopping cart. And then synchronizing the item, quantities and prices across those, uh, marketplaces and, and chopping carts. And then. When they have additional inventory needs that are being handled outside of QBO, determining which one that you're, that you're doing. If it's sending over detailed item descriptions over into QuickBooks, like QuickBooks Online is the inventory management, but they're doing somewhere else that further complicates things, uh mm-hmm. As well. That's kind of like, um, the advanced options when it comes to all of that.

Rachel Dauchy

But it can all be done.

Dan DeLong

It can be done. Right.

Rachel Dauchy

And it's actually when you get into the advanced pieces of it too, it actually becomes really fun. I know. That's really crazy. Yeah. Don't hate me for saying so, but it really is. It really is. Because you

Dan DeLong

get excited about the word PayPal, so

Rachel Dauchy

I know, I know. I love You're already, but, but I like it because. Then, you know, I oftentimes, I, I have to collaborate with people. I bring in, you know, another somebody else maybe that's an expert in this and I can really get into the meat of solving an issue and it's satisfying. I like it.

Dan DeLong

So let's talk about the, uh, summary option, right? Yeah. So, uh, two of the players that, um, that we're gonna talk about they only do summary, and that's Bookkeeper and A two X. Um, there are others that enable you to do summary transactions like Ility and Cinder, and we'll talk about those. Uh, but essentially what they're doing is they're posting journal entries. And by doing that, it could impact workflows or reports in QuickBooks online, right?

Rachel Dauchy

Yeah,

Dan DeLong

absolutely. So it's, it's just something to keep in mind that these transactions that are gonna be coming over, and some of 'em some are, are, are very, uh, neat and, uh. Insightful on how they, how they come over, but because they are journal entries and not sales transactions, that is going to have a significant impact on customer reports that you might be running or sales tax implications and those types of things because it's not using the prescribed workflows of those features inside of QBO. So it's just something to keep in mind when you are considering these two. So here is the side-by-side comparison. We're not gonna comb through all of these these differences or distinctions. I did put some some in bold that I wanna make sure that we, we, we talk about, we had bookkeeper do a series with, uh, with the QB power hour. A couple years ago before, before a uh, before Rachel came into my world, where we talked about those types of things. Uh, there you can review them on the QB Power Hour website. One thing that I really appreciated about, uh, bookkeeping is that it updates original transactions. So when you make transactions, uh, or post them, and then you make changes or realize, oh there's a new version or a new a new account that I wanna wanna add, you can go back to the original posting and after you make those changes and it will update, you don't have to delete the transaction and repost it. That, that's what I appreciate a lot because it, it just updates the initial, uh, initial transaction. And, and, of course you'll have an access point to, to open it, right? So if you're, if you have a link link there. talk a little bit about, uh, Rachel, how a two x uh, handles some of these some of these posting things.

Rachel Dauchy

Yeah. So and I think like maybe speaking to what Murph said earlier is that, you know, there's this like, oh, there's all these solutions. Like, I want them all, yay. They're all good. And you know, it's not like one is better than the other. And you know, you really do kind of have to figure out, what am I trying to accomplish? Because it's not like one is garbage and one is amazing. I mean, it's not that. Mm-hmm. It's just that they're slightly different. And so in my opinion, a two x is a little more simplistic. And that's fine. Sometimes that's what people want. And so, so that's fine. Um, bookkeeping, you have the ability to get a lot more granular. Um, and then, I mean, you can just see there's more line items on this side. It can do more things. But having said that, H two X has. Profitability reports, dashboard and bookkeeping doesn't have that yet, even though they're working on it. But technically, if you're going to talk about what it does technically is they both post journal entries, right? So, um, yeah, exactly. Murf. So, okay, so H two X, basically what it's doing is it's going to Shopify and it's going, Hey, um, let me look at the payout detail, and from that payout detail, I am going to put together a journal entry and I'm gonna post it to QuickBooks Online, however, it's posting it on the sales date, but from the payout data. Okay? And we know the payout data isn't always going to be exactly what the sales data is because. Sometimes things happen by the time we get to the payout data, but that's how a two x has engineered their product, right? It's grabbing the payout detail and it's then formulating a journal entry and it's creating one journal entry that's got your sales information as a credit, to revenue, and then all of the other things, discounts, returns, sales tax, yada, yada, yada. And then your expected payout is going to be directly to cash on the debit side. Or to clearing account if you were gonna do it that way. So, um, but I think the way they do it is they just do it directly to cash, because then the cash payout comes in, boom, matches with that, call it a day. Bookkeeper on the other hand, creates a sales journal entry. They call it a sales summary entry. And it's got the sales detail, all of the things. And then the debit offset is the expected cash payout to the clearing account, by the way, not just one clearing account. If your seller on Shopify, and I had a seller on Shopify that was using, using seven, eight different payment methods, they were using simple pay bread, PayPal, Shopify payments, some other things and it, the, um, debit side would split into seven different expected payouts. And so affirm, you know, like all these things. So it's one sales journal entry. And then another journal entry for the payment, and that would be a credit to the clearings and then a debit to cash. So when you're looking at that detail, you're seeing a sales entry and a payment journal entry. And then if it's doing cogs, that's a third entry. Same with HUX. If it's posting cogs that's a, separate entry. But now I believe it or not, I actually appreciate the two separate entries. Again, my clients are complicated. I deal with heavy, heavy volume, and so I like the two separate entries for the way I do the accounting. Everybody's different. You may have your preference but that's technically how they do it. That's how they've engineered it. I like it that way.

Dan DeLong

Yeah. And, um, I think the bottom line is you know, when we talked to, we were talking about this a little yesterday, that bookkeeper looks at it from the sales side of things, whereas Yeah, A two x looks at things of the, from the payout.

Rachel Dauchy

Yeah. And so even though, and this is, this is complicated. Even though it's looking at the payout detail, it is posting it on an accrual basis, but you're gonna get a later posting 'cause it's gotta wait for that payout detail. Bookkeep has a bit of an edge because they're posting it, they're actually. Scraping the backend of the sales detail and it actually ties out with the financial summary which is a specific report in Shopify. And so every single day, those two journal entries are going to tie out to the finance summary report in Shopify. H two X's entry does not do that. Book Keeps entry does do that. The only time that it doesn't, there may be some settlement issues. I have done this for such a long time now, now I can recognize when that happens and I can, if I'm doing a clearing reconciliation, maybe I'll go to that one day and I'll look in Shopify and see exactly what happened. But again, Shopify is a great place to go to look to see what happened. Right. And so that is, I think the edge that Bookkeep has is their proprietary engineering. And, I know the owner and the engineers and I talk to them frequently. They ha they have created the ability to do that. And a two x does not do that.

Dan DeLong

Yeah. So the, somebody's asking, the bookkeeper anticipates the amount of the payout deposit of the bank. Does it ever get it wrong? We, you you, ultimately are going to connect both the Shopify for sales and whatever the payment processor is, right? So those assuming that those, all those connections are accessible to bookkeeping, 'cause they do have, you know, significant amount of integrations available it will pull it from, that and push to the clearing account that you have, set up to be able to do those things. Of course they live in a we all live in a world where things don't always go right.

Rachel Dauchy

Yeah. And I just wanna say also, I, we, uh. We do, Dan and I do a lot of talk about reconciling clearing accounts on the workshop. And I also do e-commerce training through school of bookkeeping. And I can train somebody specifically on reconciled clearing accounts. But I had mentioned before that in that regardless if it's a two X or bookkeep, when it's posting a journal entry, you have a debit side and a credit side. And this is where you really wanna have a firm understanding of debits and credits as a bookkeeper. Don't just be trained on QuickBooks Online. Make sure you're, if you're gonna do this kind of bookkeeping and accounting, make sure you have a firm grasp on debits and credits. 'cause your revenue is always a credit. Your expected payout is gonna go to the debit. Then when the payout comes in, you debit cash, which is an increase in cash, and then you credit your clearing account, clearing it out. So you reconcile that at the end of the month. And then I, there was one other thing. It was, um. Oh, the net deposit. I wanted to answer this 'cause this is the name of my business. My business is called Net Deposited. So why don't you record your net deposit to revenue, Dan? Why?

Dan DeLong

Uh, because that you don't, have any insight into what actually made that up. The splits of that you're just gonna be posting it and you're likely breaking the workflows of what, right?

Rachel Dauchy

And cash payout cash is cash. Cash isn't revenue, right? So if you were, maybe you're doing, you know, a simple cash basis, you know, accounting for an e-commerce client, you could post your cash payouts. But guess what? That's not what you wanna do. When you're doing inventory accounting, you wanna recognize your cost of goods sold at the same time as your revenue. So you must do accrual accounting. Um, and, and if you're, if in these days, if you're going to be doing the accounting. On a consumer packaged goods business, you wanna look at profitability. Uh, never in a million years would I recommend doing cash basis for, um, meaning non GA compliant accounting For an e-comm business, you wanna do accrual, you wanna recognize your cost of goods sold, um, against your revenue. Cash isn't revenue. Revenue is revenue.

Dan DeLong

Okay. So we have, uh, we have five minutes to go through all of the other, uh, oh, sorry. Okay,

Rachel Dauchy

let's, let's go fast.

Dan DeLong

So we will likely run, run a little long. If you can stay great. That's, fine too. Uh, but we are obviously recording and we will share the recording if you do have to, uh, go and you can jump to that, that part there. Um, so we did have, uh, we integrate on the QB power hour. They are a really great connection. So if you wanna compare the QuickBooks connector with with something that, that. That, is outside of quick the QuickBooks ecosystem. This would be a good connection or, or comparison for the two we integrate is a Shopify only connection.

Rachel Dauchy

Mm-hmm.

Dan DeLong

Um, and it's the uniqueness of we integrate is that the payouts actually post through EP positive funds

Rachel Dauchy

Yeah.

Dan DeLong

Instead of the clearing accounts. Right. So and you know, it, it does add up, it does add some additional conveniences as well as potential concerns because if you have all of their payments going into undeposited funds, your, all of your sales from Shopify that could be an unruly mess.

Rachel Dauchy

Yeah. And like, remember what I said about 20 minutes ago, I like to split those payment methods up into their own clearing accounts. So in this situation, if you're using, we integrate and you're just using Shopify payments, which by the way, Shopify payments I love. 'cause if you're on. TikTok channel you know, all these various integrations through Shopify, they all pay out through Shopify payments. Yeah. So you can use something like this and it will be great for your sales tax if you wanna manage that in QBO. Also,

Dan DeLong

now, when you are dealing with multiple sales channels and you're looking for a cost effective route pay tracker is a really good

Rachel Dauchy

yeah.

Dan DeLong

Option. Uh, they are from nine

Rachel Dauchy

a month, by the way. Super cheap.

Dan DeLong

Yeah. Uh, from the makers of Sasan. So if you use, uh, Sasan you know, importer, exporter, delete, um, you know, they, they work in the same. Realm, you know, it's the same on, uh same, company. Uh, they do have a section for automation, so that you're able to basically create some automating rules of how these things actually post. And of course, uh, Rachel and I did a workshop slash demo, uh, on our workshop. So there's a link there for, uh, more of that now when we're getting into the details and we really need, uh, additional details or you need, customizations between the two. Uh, sender and Ility, I think are the two major players that are out there, uh, that do that. And there is the the comparison of that. The big thing that Ility does over, uh, sender is it does allow for quantity and price thinking across multiple sales channels. If you have, you know, your Shopify and your Amazon and you wanna make sure that both of them are synchronized and QuickBooks online is your source of truth, right? Mm-hmm. So a lot of those things need to align, right? And Web Agility does have a desktop integration. Um, they do integrate with QuickBooks Desktop, uh, as well. So for those people that are still on. QuickBooks Desktop and managing their inventory inside of QuickBooks Desktop, that does give them a viable option as well. And with Shopify.

Rachel Dauchy

Yeah. And I don't know Web Ility very well. You're a web ility expert? Um, I, I, unfortunately I don't know much about it. I haven't really used it.

Dan DeLong

Yeah. And with Shopify, it will actually do, um, product listings on Shopify web agility. We'll do shop Shopify listings, so you, you can create a new item inside of your desktop and then post that listing on Shopify through their desktop products. Oh,

Rachel Dauchy

cool.

Dan DeLong

So it's, uh, uh, kind of neat. Now, you, you are more familiar with, uh, with sender. What does, what does Cinder do, well that you've seen?

Rachel Dauchy

I've even heard, seen a couple people talk about this in the chat, but for anybody that's frustrated about a connector not posting refunds or returns. Get sender because I never have issues with that. I, and I, first of all, I prefer Cinder's user interface. Um, I like their dashboard. Um, I like their ability to, uh, it's called rollback if you need to un post something. And, um, for when I need to bring in individual sales receipts, a lot of times, even if I'm not managing inventory in QBO, I actually have a couple clients in which we're managing the inventory in an IMS. We're in Katana, we're in something else. But, um, we still use the individual sales postings through Cinder just because it's so fantastic. And I'm not gonna use the one in QBO. It's too slow, it's too clunky. And sometimes I have issues with the returns. So Cinder is, in my opinion, by far, the best connector when it comes to individual sales transactions.

Dan DeLong

Mm-hmm. Yeah. And one of the things that we talked about in our comparison, uh, when we did the workshop is the connection that you need to have in order to confirm the sale. Uh, one thing that sender it, it provides you a link or an access to that sale. So you're able to see the sale that was downloaded. But if you actually wanna see the who the customer was and everything, that's the, sales detail. Uh, you have to have access to the client's Shopify or their sales channel, whatever that happens to be. So it does give you it takes you to the door, but doesn't necessarily have all the details inside of the app itself unless they've changed it that I know of. Uh, but in web ility, you can see the sales detail in the, application without having access to those other things.

Rachel Dauchy

Yeah,

Dan DeLong

that's really cool

Rachel Dauchy

because that's it. A lot of times you do have to go to the portal to go pull up the sales information. Yeah. And so you know, cinder works really well with WooCommerce too. Just FYI, if you know anybody is, has a client on WooCommerce site or do channels

Dan DeLong

as well.

Rachel Dauchy

I like it. Yeah.

Dan DeLong

Yeah. So if that's not part of your engagement, where you're not, you don't have collaborator access of their Shopify then, and, and they need detail, then Ility might get the nod because you, don't need those, uh, that access because you can see the sales detail, uh, directly within, ility. So here's, uh, as promised the summary of all of the options. Rachel and her team there have, have really kind of broken down comparing the the pricing, the different syncing options, most ideal situation, uh, key strengths and limitations of, of all of the things that we've, talked about here today. Um, and then when you have one last thing, this is a little bit more advanced, so if you, gotta go, you gotta go. That's great. So when you're, when inventory is not the source of truth inside of QuickBooks online and there are inventory management solutions that might be. Using here, we're not talking about Excel, uh, but they're actually using an inventory management solution app. Those apps will typically have a sales or sales connect bridge to Shopify or whatever place that they're, that they're that they're doing. What, when you have a client that's using these kinds of applications, what, um, what surprises have you seen? Or do they work just splendidly?

Rachel Dauchy

Well, you really need to have, for really any of these. I would go through their software training and really make sure that you understand how the software works, but then I would make sure that you have a working knowledge of the inventory workflow. You, really wanna make sure you understand the inventory workflow, even if you're doing it in QBO. But, um, Katana, I would say is great for manufacturing. Meaning I'm assembling items together to create a finished good. It's, not the greatest for heavy e-commerce. I'll say maybe one Shopify store. It's fine. And, but since seven core I am. Very involved with that app. I work with the team there. I am Albe at since seven summit this August. That is the one that I have most of my training and specialty in multi-channel, um, purchasing. Speaking of purchasing subtle is actually a great somebody was talking about, can I do the purchasing in Shopify? No, you can't. So you really wanna make sure that, again, you're following that purchasing inventory workflow. You can do it in settle and then settle will even keep a list of your inventory items. And with, I don't know, like FIFO costing or weighted average costing or something like that. You're not gonna get any of that inventory valuation in Shopify. It's really just a place to list, these are my items and here's how many I have. You know, you use an app like this and you're really going to utilize a proper inventory costing method. Oh yeah, we did leave out fishbowl. Sorry. Yeah, I actually have some clients on Fishbowl too. The only reason we didn't bring up fishbowl is because it's really a desktop product and, uh, we're not gonna like really get into that. They do have a web based product too, but,

Dan DeLong

Yep. Which they'll be coming on the Power Hour in June

Rachel Dauchy

Yeah. To talk about so and so we definitely have a relationship with them. Yeah. They're a thing. For me personally, I'm a very heavy, since seven core user, it's totally cloud-based. And there's no hosting, um, you know, in the web, like nothing like that. No additional cost for that. And I think that's a really excellent a advantage that it has.

Dan DeLong

Right. And and that's, and this slide here is really talking, speaking to what those inventory management solutions are designed to do. They're designed to manage the inventory, right. So they're, they're designed to, to have things come in and, and so that you can. See that source of truth of your inventory, right? And, you know, sales made online are gonna be part of that, right? Yeah. And so what they're not really concerned about is did you get paid for those sales that you made? And so a lot of them are a little bit light on the payout option, right? So they may have their own integration into, into QuickBooks, but you'll likely not find that they are concerned about the Shopify payments payout with the

Rachel Dauchy

No. And the thing with that is will it sync a payment? Yeah, of course. You can sync your individual sales over from your IMS, like for from Kaan or CIN seven Core, and it'll also sync a record of payment, right? You've got a. Record payment that's coming over also to undeposited funds. But again, you're gonna get a batched payout, and so I usually will, um, still use bookkeeper and I know that there are a lot of people that do. Another one that we didn't talk about was finale inventory. They have a special integration with H two X. For this exact purpose, manage your movements in finale inventory, but then a two x is gonna grab the sales data, post it to your, um, your in, uh, accounting software and the expected payout data, post it to your accounting software so that way you've got match match, match, and then

Dan DeLong

Right.

Rachel Dauchy

You're syncing over your, well, we, I'm not gonna get into that complexity, but we can talk about that in right now. Right,

Dan DeLong

right. But I mean, all of this is in service to, you know, making your life a little easier when it comes to the bank feed of matching transactions as opposed to posting transactions or setting up a an automation or a rule inside the bank feed to go to those various clear

Rachel Dauchy

accounts. Right? Yeah, for sure. And the slippery slope of all of this is. I know it feels and sounds complicated and it just requires a little bit more understanding. And that's why we're here. We specialize in this, like I train in this area, I offer coaching. Um, my firm is net deposited. We handle nothing but these clients. And well, not nothing, but we handle a large amount of these clients. And so we really specialize in this area and I'll create a custom setup, you know, bypass this and do that. So if you're feeling frustrated, there is help. And so there, that's the thing. It's a slippery slope. It feels like, well this is all gonna be a mess. Trust me, it's a lot of information. It will set you up for absolute complete. Automation. It'll be, it's, it's wonderful is what I'm trying to say. It's really, really great. Right. When it's set up, and

Dan DeLong

it's, and this is, this is an industry that will allow you to when, if you're concerned about the you know, bookkeepers going away because of ai, right? This is, going to get you ahead, get

Rachel Dauchy

involved in this, and you'll always have a job. All of this constantly needs to be troubleshooted, by the way, even when it's set up on auto post, even when it's mapped perfectly, even when it's doing all the things you want it to do, it'll still break. Yeah. They'll still add a new, your cl your client will add a new item the wrong way into this system. It's constantly needs to be troubleshooted. So there is job security in this for sure. Yeah. But when it is set up and it's working properly and you've got high volume clients, it's the only way to do this.

Dan DeLong

Yeah. Last couple topics here is, um, and somebody was asking, well, how do you get in touch with Rachel? And that'll be on the next slide. so Shopify expenses, right? So this is one of those things that a lot of applications have kind of left out, right? Uh, so the monthly charges that Shopify charges, uh, shipping for one. So all the things, if you're using the Shopify shipping manager, you know, to create your own shipping labels and those types of things, they charge that at once a month or, you know, periodically throughout the month, depending on their volume. But those shipping charges come separately. They, are not part of this clearing account situation of sales versus, uh, expected payouts. Like they don't take the shipping charges out of the payouts. They charge them separately, right? Because they might build up a threshold and say, oh, we need to charge them now for, all their shipping charges. Shopify has a wonderful ecosystem of plugins, right? And those apps will charge Shopify, and then that'll show up on your billing, uh, statement as well. And Shopify doesn't do this outta the kindness of the heart. So they, have their own, so subscription costs, right? Yeah. But the. You might want to have those things separated out, right? Your shipping charges, your Shopify plugins and your Shopify subscription fees, but nobody really manages that all too well. So we did a workshop with a demo of, um, of how to be able to take that CSV file with that bill that you get either by getting it from your client or getting it directly if you have access to the Shopify portal, uh, and being able to download that CSV and use, uh, SAS ant importer, uh, which Murph was saying that now the pay tracker and the importer are now kind of conver combined, uh, into one application. But using, uh, Sasan tool to be able to automate bringing those in so that it automatically, uh, splits those out for you based off of how you how you wanna see that. So we, we did that there, um, o over at School of Bookkeeping, and if you need more help, if you wanna talk to you know, consult with Rachel. We've created an e-commerce fundamentals course at School of Bookkeeping, where we talk about these, this terminology, the inventory considerations and, and the going into the sales connector review as well. Over at School of Bookkeeping, it's, it's live, it's available. You can access it for 30 days and, uh, you know, if you need one-on-one time with Rachel, you can you can set up, set that up through through the course there as well. I did put in the chat as well. Uh, that we uh, Rachel the email address. So if you want to copy that, uh, or Rachel, if you wanna put it in the chat just, as well. If, uh, people want shoot you a quick email, uh, you can do that as well.

Rachel Dauchy

Yep. It's just rachel@netdeposited.com. Right.

Dan DeLong

But it's, uh, creatively, you, you drop the A or I don't know which is more prevalent. It's,

Rachel Dauchy

it's plain. E-L-R-A-C-H-E-L.

Dan DeLong

So I'm gonna throw up the last poll question here. Uh, as we as we come in for a landing, was it useful if you wanted to get, uh, in touch with Rachel? We can, uh provide that information to, uh, Rachel and then she can, uh, reach out directly. But Rachel, any, uh, closing thoughts as we, uh, come in for a landing here?

Rachel Dauchy

No, other than I'm just gonna keep studying all these apps and, and as they add more things, just keep learning. And, um, I personally love this niche. I think it's great. And, um, I think something like, I don't know, there's $65 billion worth of e-commerce, like in just last year alone. It's not going anywhere. More and more people are selling online and, you know, now that there are more AI tools to help facilitate this it's just gonna be even more prolific. But, um, yeah.

Dan DeLong

Yeah. And then you said the word worldwide and I see this. Are you Sure?

Rachel Dauchy

I don't know. I think that was just the United States.

Dan DeLong

Yeah. So, yeah, that's, um. But also, you know, that adds up additional considerations, right? If they're shipping worldwide or, you know, multicurrency all other issues, uh, as well, uh, if they are in a worldwide shipping

Rachel Dauchy

situation. Yeah, well that's another reason you wanna use Shopify, because Shopify markets is, allows you, in the US to sell worldwide and receive your currency in the US dollar. So it's really, um the, advantages of using something like Shopify, I just can't like, preach it enough. It's really incredible.

Dan DeLong

So, uh, next time on the, uh, power Hour. If you haven't registered for it already, please do. Um, individual one, we're going to be having, um, a representative from, uh, Relay the financial institution talking about passing the baton. We had her come on a couple of our workshops. So we are gonna be talking about how Relay, uh, streamlines the, banking connection and, adds to some of the functionality, uh, inside of QuickBooks online, uh, from a banking perspective. And how accounting professionals, uh, can partner with Relay to have it be part of their own tech stack that they recommend to, uh, to their clients. So, uh, join us, uh, for that in a couple weeks and we'll see you next time on the QB Power Hour. Have a great day, everyone.