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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[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....
READ POSTShopify Sellers: Does something look off with your QBO deposits? 🤔
Hello Reader, Are your Shopify deposits actually telling the full story? If your bookkeeper isn’t using clearing accounts properly, your financials might not reflect reality. Think of clearing accounts like a security checkpoint for your Shopify deposits. Without them, you risk duplicate income, missing payments, and inaccurate books—and that’s a huge red flag in Shopify bookkeeping. If your bookkeeper isn’t handling this step correctly, it might be time to ask some questions. Click the link...
READ POST[New Article!] The Secret to Understanding Your Shopify Profits
Hello Reader, Your Shopify sales might be growing, but do you really know how profitable your business is? Tracking inventory and cost of goods sold (COGS) is more than just another bookkeeping task—it’s the key to knowing what’s working, where you’re losing money, and how to scale with confidence. If terms like COGS, inventory tracking, and margins feel overwhelming, don’t worry—we’re breaking it all down in our latest article to help you stay on track and make informed decisions for your...
READ POSTExciting News – A New Chapter for Mavency!
Hello Reader, We have some BIG news to share—Mavency's entering a brand-new chapter! After more than 10 years of dedication to Mavency and our amazing clients, Jessi Harris and Sandra Canales are the new Co-Owners of Mavency! As key leaders in the company, they’ve played a huge role in shaping Mavency’s success, and now, they’re officially taking the reins to lead the future of Shopify bookkeeping with the same expertise and passion you trust. This transition of ownership is an exciting...
READ POSTUnlock the Secrets of Shopify Income Tracking
Hello Reader, Shopify bookkeeping isn’t as straightforward as it seems—especially when it comes to income. Deposits in your bank account don’t tell the whole story; they’re made up of gross sales, discounts, refunds, shipping income, and more. If you’re struggling to make sense of it all, you’re not alone—but there’s a way to take control. Understanding the components of your Shopify income is key to keeping your books accurate and avoiding surprises down the road. Click the link below to...
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