How to Integrate Cogs Accounting with Xero in Uniware

As a seller on Uniware, managing your finances efficiently is crucial for the growth of your business. To achieve this, you can integrate your Cogs Accounting with Xero, a popular accounting software used by small business owners worldwide. In this article, we will guide you through the simple steps to integrate Cogs Accounting with Xero in Uniware.

Step 1: Ensure Inventory Tracking

To start with the integration process, ensure that all linked inventory is managed through one Inventory asset account in Xero. Specifically, specific inventory tracking is done in the Inventory asset account in Xero (account code 630). Make sure to mark all linked SKUs as Tracked Inventory in Xero.

Step 2: Get Credentials from Xero

To connect your Cogs Accounting with Xero, you need to obtain credentials (User Name and Password) from your Xero team. These credentials will be used in the connectors page at the time of connection in Uniware.

Step 3: Configure POS Channel

Once you have obtained the necessary credentials, configure your POS channel in Uniware by clicking on the 'Yes, It's me' button on your phone. If two-factor authentication is enabled, install Xero's mobile application and verify the user by clicking on the notification received from Xero.

Step 4: Fill API Credentials

In the next step, fill in the API credentials to configure the connectors. This account code will be used for sales transaction accounting, updating the cost of goods sold for each inventory.

Step 5: Define Sales/Revenue Account Code

For instance, all sales transactions go into a Sales Account with a Code (200 or any other defined by your Xero User). For accounting purposes, each transaction is recorded in an account, which can be customizable at tenant level.

Step 6: Configure General Information

In the General Information section, fill in the following information:

* Entity

* Number of days to calculate Due Date of invoice

By following these simple steps, you can successfully integrate your Cogs Accounting with Xero in Uniware. This integration enables you to update your financial metrics right after dispatching an order via uniware. As a seller on Uniware, managing your orders, catalog, and inventory on uniware while using Xero to manage your finances will streamline your business operations.

About Xero

Xero is an accounting software that helps small business owners easily conduct bookkeeping tasks and get quick access to cash flow statements. It is available under the POS channels category in Uniware, making it a convenient choice for sellers looking to manage their finances efficiently.

Cogs accounting xero