Create an in house Xero-Shopify Integration - ie Not through Bold
Xero use to integrate with Shopify for free - through the services of a third party app developed by Bold. Now the provider of the Xero/Shopify integration (Bold) has introduced a fee for this simple integration.
In my opinion, as Xero is the most expensive accounting software provider on the market, the introduction of Bold's fee for this integration has removed Xero's main competitive advantage. The cost of Xero use to be justified because the Shopify integration was free. Now that you have to pay for this integration as well, users of Xero & Shopify have to pay even more to do their accounting.
I believe many shopify companies will choose to move their accounting services elsewhere unless Xero comes up with a solution.
One solution if for Xero to bring this integration in house - ie Xero should introduce/build their own Shopify integration. Not only will this help small businesses save on unnecessarily high fees charged by both Xero and Bold, but it will also mean that a third party (ie Bold) isn't given access to private sales/accounting information.
Another solution is that Xero can pay Bold for the integration services they provide to Xero’s customers, removing the additional cost burden from us small business owners.
And the third solution to this problem is for Xero to reduce their fees to become more competitive with other accounting software providers.
AdminXero Team
(Admin, Xero)
shared this idea
We hope you heard of our new Xero Shopify integration, built in-house, and launched Nov 2021 😊
The integration syncs your Shopify sales transactions to Xero automatically for easy payment reconciliation. You can choose your automatic sync settings to suit your Shopify settings and align with your business needs.
The integration is available globally. Find more on the integration, how it works and the needs it can solve for your business in our Xero app store.
