The Accounts and Taxes page enables you to set up the account and tax mapping and map your Shopify payout transactions to your accounting software, which means that imports will arrive already coded and ready to reconcile. This saves you a lot of time of the process of recording your Shopify transactions.
In the process of mapping different Shopify transactions to accounts and assigning appropriate tax rates, you will have option to access your Chart of Accounts or let A2X create accounts specific to Shopify transactions in your accounting system.
The Accounts and Taxes page can be reached from the header menu:
How to let A2X create accounts?
You can create accounts in your accounting software right from A2X as suggested by A2X. Just click 'Save Mappings' at the bottom and A2X will create these accounts for you.
How to choose from your Chart of Accounts?
1/ Access your accounts in your accounting software by clicking the x:
2/ Then click on the drop-down to choose the account:
Always remember to click the Save Mappings button at the bottom of the page.
Your account mappings will apply consistently to your payouts after you refresh them.
Hint: If you create new accounts in your accounting software after connecting A2X, then you will need to refresh your Cache in Settings > Connections to sync them with A2X.
How to apply tax codes?
Just like with the accounts, A2X will also access the tax codes in your accounting system. Simply click on the "X" to get to the drop-down list of your tax codes.
An important note regarding Tax code settings
Due to the complexity of Sales Tax around the world, we recommend our customers seek professional advice on the correct approach to sales tax for your Shopify accounting.
Ask your accountant or seek advice from one of our A2X Experts to find out what tax rules apply to your situation. Reach out to us if you need help applying those taxes to A2X at firstname.lastname@example.org.
Once you have mapped your accounts and taxes for your Shopify transactions, you are ready to review and post your first Invoice or journal to your accounting system.
If you ever make any mapping changes, be sure to save your mappings again.
Next Article: Step 5 - Send your first Invoice or Journal to your accounting system.
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