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Are you a Shopify seller using QuickBooks Online? Are you making mistakes with your Shopify bookkeeping in QuickBooks Online? In this video, I’ll share 5 warning signs that show you’re not doing your Shopify bookkeeping right—and how to fix them before they turn into bigger problems. Why you should be using Clearing Accounts for your Shopify bookkeeping • Stop the Shopify Mess: Use Clearing Accoun... ------------------------------------- Chapters: 0:00 Introduction 0:46 #1 - Net deposits from payment processors 2:05 #2 - Integrations gone wrong 3:45 #3 - Duplicated income 5:06 #4 - Clearing account balances that keep growing 6:04 #5 - Inventory and cost of goods sold 8:10 Do you have these problems? 9:04 Ready to work with a Shopify accounting pro? 9:20 Resources -------------------------------------------- For the latest e-commerce and Shopify accounting videos, visit the Mavency YouTube Channel: / @wearemavency Subscribe to the Mavency channel: Subscribe to Mavency’s channel for new e-commerce bookkeeping tutorials to stay in the loop and never miss a video! https://bit.ly/YT_Mavency_sub Join Mavency’s Mailing List: Stay updated with all the latest content, webinars, courses, and more by joining Mavency’s email notification list: https://mavency.ck.page/content Join my Free Community: Get support, tips, and connect with 25,000+ bookkeepers and biz owners in my free FaceBook community: https://bit.ly/5MB_Group Free resource: Download your FREE Shopify Bookkeeping Blueprint and gain access to the Maven’s proven step-by-step processes for Shopify bookkeeping success: https://bit.ly/SHBKBlueprint Recommended Resource: Do your own Shopify bookkeeping step-by-step with the Shopify Bookkeeping DIY course, available through Maven Academy: https://bit.ly/Mavency_SHDIY Save $297 by using this discount code in the checkout: diy297vw Shopify & QBO automation: **Save time and effort every month by automating your Shopify and QuickBooks integration with A2X: https://www.a2xaccounting.com/signup Get 20% off your first 6 months with A2X by using this discount code: VM_20_6MON_2021 Disclaimer: The information in this video is for educational purposes only. It is not intended as legal, tax, or accounting advice. Please consult with a qualified professional for advice specific to your situation. Copyright: © 2025 Veronica Wasek – 5MB LLC. All rights reserved. **Disclosure: I may earn a small commission if you purchase through these links, at no extra cost to you. I only recommend tools and affiliate partners I trust. #VeronicaWasek, #5MinuteBookkeeping, #ShopifyBookkeeping, #EcommerceAccounting, #ShopifyAccounting, #EcommerceBookkeeping, #QuickBooksOnline, #OnlineBusinessTips, #BookkeepingTips, #5MinuteBookkeeping, #Shopify, #ShopifySeller, #EcommerceBusiness, #ShopifyTips, #ShopifyStore, #OnlineStore, #EcommerceSuccess, #SmallBusiness