Taxomate QuickBooks Xero Sync is an app designed to streamline the financial management of Shopify stores by automating the synchronization of payout transactions with QuickBooks Online or Xero. It efficiently detects Shopify-initiated payouts, processes transactions, and generates detailed summaries of revenues, expenses, and other related financial activities. Users can customize which accounts and tax rates to apply to each Shopify transaction type, or let the app handle these settings automatically. By posting summarized payout invoices directly to QuickBooks or Xero, the app simplifies the reconciliation process with bank account payments. Additionally, taxomate helps calculate the Cost of Goods Sold and Inventory Valuation, providing key insights into business performance. This seamless integration enhances efficiency, accuracy, and ease in managing online store finances.