QuickBooks Online for eCommerce — TrendyWear USA
Project Overview
TrendyWear USA, an online retailer of women’s outfits, faced overwhelmed accounting due to rapid sales growth and transactions from multiple sources (Shopify, PayPal, Stripe), causing duplicate entries and disorganized tax records. They contacted Trustaxis Accounting to clean up their financial records and enhance automation using QuickBooks Online.
Client Name: TrendyWear USA (Shopify Fashion Brand, New York)
Industry: eCommerce
Software Used: QuickBooks Online
Client Requirement:
- Clean up financial records from Shopify, PayPal, and Stripe.
- Organize and correct tax records.
- Implement automation for bookkeeping tasks.
- Integrate financial records with QuickBooks Online.
- Provide ongoing support and system optimization.
Solutions Provided by Trustaxis Accounting Team:
- Integrated Shopify, PayPal, and Stripe with QuickBooks Online
- Cleaned and accurately categorized over 1,800 transactions
- Established custom automation rules for recurring entries
- Completed all bank reconciliations and corrected tax tracking
- Developed a custom dashboard for real-time profit analysis
Challenges
- Over 3 months of unreconciled bank data
- Disorganized sales and tax reports
- Manual entry errors resulted in inaccurate profit and loss statements
- Delays in closing monthly books
Results:
- Delivered 100% accurate financial reports within 5 days
- Reduced monthly closing time from 5 hours to 1 hour
- Ensured full tax compliance and automated data entry
By integrating QuickBooks Online and automating key processes, Trustaxis Accounting successfully streamlined TrendyWear USA’s financial operations, ensuring accurate reporting, faster monthly closings, and full tax compliance, enabling the business to focus on growth.
Client Review:
Trustaxis Accounting Team did an amazing job! They transformed our messy books and implemented a clear, automated system. Now our QuickBooks operates smoothly. They are highly professional and detail-oriented.
— Emily Carter, CEO, TrendyWear USA