WooCommerce Accounting Automation Offered by Bookkeep
Bookkeep simplifies WooCommerce accounting by automating the following key processes:
- WooCommerce Sales Summary
- WooPayments Processing Fees
By integrating your WooCommerce store with Bookkeep, you can optimize your daily sales accounting process and simplify the handling of WooPayments fees, if you use WooPayments. Bookkeep's automated journal entries focus on the Sales Summary, which compiles the previous day's sales data into a comprehensive daily entry. This entry captures everything from gross sales to net sales, including discounts, refunds, and other adjustments.
WooCommerce Sales Summary
The Sales Summary provides a detailed breakdown of payments by tender type, covering options such as Stripe, PayPal, WooPayments, gift cards, and more. It also accounts for any fees or service charges associated with WooCommerce orders, ensuring your accounting records are both accurate and complete.
Bookkeep's WooCommerce accounting automation allows you to:
- Track and categorize gross sales and refunds by Product Category or Item Name, providing detailed insights into your revenue streams. More information can be found here.
- Automatically populate discount subcategories based on the discount descriptions provided. If no description is available, Bookkeep will use the discount code to maintain transparency and ensure a clear understanding of the discounts applied.
This level of detail enhances your accounting process, offering a clearer picture of your financial transactions within WooCommerce.
WooPayments Processing Fees
Bookkeep also automates the handling of WooPayments processing fees. Learn more about how Bookkeep captures these fees here.
If you have any questions or require further clarification about our WooCommerce accounting automation, please contact us at support@bookkeep.com.