Running a Shopify store can be rewarding, but let’s face it—bookkeeping is a time sink. That’s where Taxomate comes in. As a Shopify seller in the UK, we tested Taxomate to see how it stacks up in real-world daily operations. These five features have not only streamlined our bookkeeping but also saved us hours every month.
1. Automatic Payout Summaries
No more manual entry of Shopify payouts. Taxomate aggregates your payouts, applies proper tax mappings, and pushes entries straight into Xero. This has eliminated data-entry errors and saved us nearly 3 hours per week.
2. Smart Account & VAT Mapping
Taxomate lets you set custom mapping for different transaction types. For UK sellers dealing with VAT, this means fewer compliance headaches and better MTD (Making Tax Digital) alignment.
3. Multi-Store Support
If you manage multiple Shopify storefronts, Taxomate combines all reporting into a single dashboard. For us, it made reconciling transactions across two stores seamless.
4. Cost of Goods Sold (COGS) Sync
By syncing COGS, Taxomate enables more accurate profit and loss reporting. It automatically pulls inventory costs, giving us cleaner financial reports.
5. Multi-Currency and Tax Handling
With customers across Europe, we needed a tool that handles currency conversion and regional tax rules. Taxomate handles these effortlessly, making VAT submissions smoother.
Final Thoughts
These five features have saved us at least 12 hours per month. Want to know how to set it all up? Check our guide on How to Setup Taxomate for Shopify + Xero in 10 Minutes.
Also curious how Taxomate compares to the competition? See our comparison: Taxomate vs A2X: Which is Better for Amazon Sellers?
To learn more or get started, visit our Pillar Page: Automate Your eCommerce Accounting with Taxomate.