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Make the connections and MarginDriver will handle the rest.
Stop paying for Shopify accounting software that only your accountant uses. MarginDriver has dashboards and reports generated in real-time that include all order-level financials to show you exactly how much you're making on each Shopify order.
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MarginDriver pulls orders in real-time and reconciles the data against Shopify payouts as they are issued, so there is no need to post each payout to match to its cooresponding deposit for reconciliation. At the end of the month, simply send your Gross Profit Statement to QBO with one click.
Know exactly how much money you are owed by Shopify at any given time. See which orders you have been paid for, and which ones have yet to be paid.
Whether you're closing the books yourself or have an entire accounting department, MarginDriver has all the tools you need to automate your Shopify accounting.
Guided four-step monthly accounting process generates clean, accurate books
Summarized Gross Profit Statement sent to the general ledger with the push of a button
Automatic deposit routing and matching in the general ledger
Integrations with Quickbooks Online and Xero
Connect your sales channels and shipping software today and access your dashboard, reports, and analytics. We can get the accounting setup later, first let's get your data loaded and show you what we do.
MarginDriver makes transitioning over extremely easy. Our software will auto-create MD specific GL accounts and add them to your existing chart of accounts in QBO. MarginDriver pulls your historical Shopify orders and financial reports and identifies which orders have been paid and upaid, ensuring you start off with an accurate accounts receiveable balance.
Absolutely. You can integrate all of your Shopify stores at no additional cost, no matter how many you have. In fact, the more Shopify stores you have, the more useful MarginDriver will be to you. View your dashboards and reports for all stores together or individually, and save even more time and money each month in accounting.
Not a problem. You can sell in any currency and MarginDriver will convert your results back to your preferred currency and account for any currency conversion fees. Exchange rates are updated daily so you'll always have accurate books.
Once per month. Unlike competiting software which requires you to create a journal entry for each Shopify payout, MarginDriver reconciles your financials directly within the application and creates a month-end Gross Profit Statement that is sent to QBO when you are ready to close the month.
Yes. MarginDriver can even pull your product costs directly from your Shopify product pages, no file upload is required. If your product cost changes in Shopify, we'll apply that new cost to future orders only. MarginDriver creates a month-end journal entry that will debit your product COGS expense account, and credit your inventory asset account.
Yes, MarginDriver works with Shopify Plus.
While MarginDriver supports the most popular payment gateways used by Shopify sellers, we simply can not integrate with all of them. For unsupported gateways, you can enter a gateway fee in the settings and MarginDriver will send the summarized results to the general ledger but it will be up to you to reconcile the desposits to the A/R account.
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