Mavency
The mavens at Mavency will help you take control of your financials and make your vision a reality. We understand that most online sellers DO NOT love numbers like the Mavens do. That’s why we are here to support you so your business can flourish. We are your strategic partners ready to help you set up, organize, and streamline your finances so you can be profitable and sustainable without taking your eyes off your genius zone.
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[New Article!] 10 Signs Your E-Commerce Financials are Set Up for Success - Part 1
Hello Reader, Be honest. Do you actually know if your e-commerce books are set up correctly? Most sellers assume they are. Until they are not. The problem is not that sellers are careless. It is that e-commerce bookkeeping has specific requirements that a generic setup was never designed to handle. And when the foundation is off, everything built on top of it is off too. Our latest blog article covers the first five green flags that tell you your financial system is actually working. Not just...
READ POSTYour Shopify numbers are telling you something... Are you listening? đź‘€
Hello Reader, Summer is here, and while things might feel like they're moving fast, mid-year is actually one of the best times to slow down and take a real look at your Shopify financials. Not just your sales total. Your actual numbers. Most Shopify sellers check their revenue regularly. Very few stop to ask whether they can actually trust it, with questions like: Is it showing up correctly in QuickBooks? Does it match what Shopify is reporting? Is your store actually profitable or just busy?...
READ POST[New Article!] How to Record Shopify Deposits in QBO with A2X
Hello Reader, We're curious: Do you know what to do when your Shopify payout hits your bank feed but there's no matching A2X journal entry in QuickBooks? Don't panic! It's one of the most common hiccups in the Shopify to A2X to QBO workflow and it's almost always an easy fix... but only once you know where to look. To learn more, visit Mavency's latest blog article: How to Record Shopify Deposits in QBO with A2X, where we cover: New deposit with no journal entry yet and how long to wait Older...
READ POST[New Article!] 1099s & W-9s Explained for Shopify Sellers - includes link to Free 1099 Checklist
Hello Reader, Quick question: Do you know the difference between IRS Forms W-9 and 1099-NEC and what each is used for? (No, it's not a trick question!) If you thought they're the same thing, we're here to clear things up... they're NOT the same (they serve very different purposes) - but they ARE related. To learn more, visit Mavency's latest blog article: 1099s & W9s Explained for Shopify Sellers, where we cover: What a 1099-NEC actually is and who really needs one What W-9s are used for and...
READ POST[Featured Article!] How to reconcile e-commerce clearing accounts in QuickBooks Online
Hello Reader, You’ve been tracking sales, logging expenses, and maybe even reconciling here and there—but those Shopify payouts still aren’t matching up. In this article, we’re breaking down one of the most common (and misunderstood) pieces of Shopify bookkeeping: e-commerce clearing accounts. We’ll walk you through: 🔎 What clearing accounts are (and why they matter) 🛠How to maintain them accurately month after month 💡 Steps to reconcile them in QuickBooks Online without losing your mind If...
READ POST[New Article!] Shopify Bookkeeping Red Flags: Common Mistakes That Could Be Costing You
Hello Reader, You’ve been tracking sales, logging expenses, maybe even reconciling here and there—but something still feels off. If your numbers never quite seem to add up, the Mavens are here to help! In our latest article, we’re kicking off the Shopify Bookkeeping Red Flags series by highlighting the most common general mistakes we see in e-commerce books. From unreconciled accounts to loans entered as income, these issues might seem minor—but they can lead to major cleanups (and even...
READ POST[New Article!] DIY Shopify Bookkeeping: Revenue, Expenses & Profit - Explained
Hello Reader, Want to know a secret? You don’t need to be an accountant to understand your Shopify books. You just need the right breakdown. Whether you’re managing your own numbers or trying to make sense of what your accountant sends over, learning how to track revenue, expenses, and profit is one of the most powerful skills you can build as a business owner. In our latest article, we’re breaking down what those numbers actually mean, what Shopify sellers often miss, and how to use your...
READ POSTSelling on TikTok Shop? Don’t skip this crucial report!
Hello Reader, If you’re selling on TikTok Shop and managing your own bookkeeping, there’s one report you need to be using for accurate financial tracking: the TikTok Shop Finance Report. This report breaks down your revenue, fees, and adjustments—so you know exactly what’s hitting your bank account. And did you know? The Mavens offer specialized bookkeeping support for TikTok Shop sellers too. So whether you’re DIYing it or ready for a helping hand, we’ve got your back. Click the link below...
READ POSTStill confused by clearing accounts? Let’s fix that!
Hello Reader, If you're a Shopify seller confused about clearing accounts—you’re not alone! What exactly are they? Why do they matter? And how do you keep them accurate in QuickBooks Online? In our latest blog post, we’re breaking it all down so you can finally feel confident reconciling your e-commerce clearing accounts each month. Because understanding your numbers shouldn't feel impossible. Click the link below to read the full article and simplify your Shopify bookkeeping—The Maven Way....
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