Last Updated:
November 11, 2024

Streamline Bookkeeping with Automatic Fortnox Journal Entries

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Automating financial transactions can make or break an online business. This app streamlines the integration of sales orders, refunds, and payouts from Shopify Payments directly into Fortnox. Each day's activities are consolidated into a single journal entry, simplifying the bookkeeping process for Shopify merchants. Designed for sellers within and outside Sweden, it accommodates transactions with SEK as the required payout currency. VAT management functionality extends support for those engaging in cross-border sales, covering over €10,000 per year to various EU countries and regions such as Norway and the UK. Effortlessly managing finances helps users stay compliant and organized, reducing the time spent on manual entry and the potential for errors. By enhancing bookkeeping practices, it allows business owners to focus on scaling their operations and improving customer experiences, all while keeping a watchful eye on their financial health.

Features

Automatically bookkeeping sales orders, refunds, and Shopify Payments payouts for streamlined financial tracking
Tailoring journal entries with configurable rules to suit unique accounting needs
Simplifies financial oversight by creating a single, comprehensive journal entry summarizing daily activities
Enables separating order lines into different accounts for organized financial management
Facilitates accurate VAT management for transactions exceeding 10,000 euros in EU countries, Norway, and the UK.

Benefits

Save time by automating daily financial tasks such as registering sales orders and payouts, reducing manual entry errors and freeing up merchant's time
Ensure accurate VAT management for transactions over 10,000 euros in other EU countries, Norway, and the UK, preventing potential fines and penalties
Streamline financial operations by creating a single journal entry summarizing daily activities, enhancing efficiency and simplifying the bookkeeping process.

About the Vendor

Sharespine AB
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Pricing

$29/month. Free trial available.
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All charges are billed in USD. Recurring and usage-based charges are billed every 30 days. Pricing may differ to that listed above, please check the link below for accurate and up to date pricing details.
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Owlfred Review

Fortnox Bokföring from Sharespine AB is truly an accounting aficionado's best friend. With its automatic bookkeeping of sales orders, refunds and payouts, total order transparency is just a click away. The main lure of Fortnox Bokföring is its simplified journal entries, summarizing a whole day's activities into one neat package. It's especially beneficial for merchants selling both locally and internationally, specifically tailored for operations with a store- and payout currency in SEK. Plus, its able VAT management for transactions over 10,000 € annually to other EU nations, along with Norway and the United Kingdom is really a boon. Keeping record of your financial transactions has never been easier! Configurable rules for tailoring the accounts used in the journal entry, coupled with capabilities to book different order lines on separate accounts, show off its intuitive design and adaptability. With a price tag of $29/month and a 14-day free trial, it’s accessible for stores of all sizes. While it's currently a hidden gem with rare reviews, those on record couldn't sing its praises more with a solid 5 stars. Owl-tstanding app, if you ask me!

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Frequently Asked Questions

How does the app help streamline financial data?
Fortnox Bokföring helps streamline financial data by automatically registering sales orders, refunds, and payouts on a daily basis. This elimination of manual entry allows merchants to have comprehensive financial oversight.
How does the app manage VAT for Sweden and other countries?
The app is adept at managing VAT for merchants dealing business both within and outside Sweden. It can handle liabilities over 10,000 euros on a yearly basis for EU countries and also efficiently manages VAT for Norway and the UK.
What currencies does the app support?
The app focuses on transactions involving Swedish Krona (SEK) as the store and payout currency. However, it can also handle other currencies and ensures the financial records are kept accurate.
How does the app simplify financial management and bookkeeping?
Fortnox Bokföring integrates all the necessary financial operations under one platform to simplify financial management. It aids businesses in transitioning to digital bookkeeping by providing a one-stop solution for all accounting needs.

Shopify App Comparison: Fortnox Bokföring vs Xero Bridge by Parex - which is better?

When comparing the capabilities and features of the Fortnox Bokföring app and the Xero Bridge app, we can see that both apps aim to streamline financial operations and improve efficiency. However, there are some notable differences between them.

The Fortnox Bokföring app offers a comprehensive solution for merchants conducting business both within and outside Sweden. It automatically registers sales orders, refunds, and payouts, eliminating manual entry and reducing errors. Additionally, it simplifies VAT management for transactions exceeding 10,000 euros in EU countries, Norway, and the UK. This app is specifically tailored towards businesses that deal with Swedish Krona (SEK) as the store and payout currency. With its focus on accuracy and simplification, the Fortnox Bokföring app provides a seamless transition into digital bookkeeping.

On the other hand, the Xero Bridge app offers seamless integration between e-commerce and accounting by connecting your online store to Xero. It provides the flexibility to sync individual sales or create summary invoices for each payout or payment method. This app focuses on efficiency and convenience, allowing for automated data management and easy reconciliation. With its user-friendly interface and support for comprehensive financial data syncing, the Xero Bridge app helps businesses inject efficiency into their accounting processes.

Overall, both apps have their strengths and are recommended depending on your business needs. The Fortnox Bokföring app is recommended for merchants dealing with Swedish Krona and those who require comprehensive VAT management. On the other hand, the Xero Bridge app is recommended for businesses that value seamless integration with Xero and efficient data management.

Attribute
Fortnox Bokföring Shopify AppFortnox Bokföring
Xero Bridge by Parex Shopify AppXero Bridge by Parex
Average Rating 5 out of 5 5 out of 5
Number of Reviews 4 263
Estimated Installs 0 0
Min Price $29.00 $10.00
Max Price $29.00 $30.00
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