Accurate accounting done automatically

General ledger software was never built to understand inventory. sku.io does the hard part — FIFO costing, landed cost, settlement reconciliation, per-order profit — and posts clean, summarized journals to Xero or QuickBooks Online.

The analysis lives in sku.io. The journals go to Xero or QuickBooks.

Your accounting package stays what it’s good at: a simple general ledger. All the inventory intelligence — costing, margins, reconciliation — lives in sku.io. Every operational event, from a receipt to a shipment to a credit, can generate an accounting transaction that’s queued and pushed to Xero or QuickBooks Online. Your books match your operations because they’re generated from your operations, and any journal traces back to the event that produced it.

COGS from real FIFO layers, not averages.

Every receipt creates a FIFO layer with its true unit cost, including landed cost — freight, duties, and other variable costs prorated across the products they landed. When an order ships, COGS is pulled from the actual layers it consumed, not a period-end average. Drill from any COGS figure to the layer behind it, and from the layer to the purchase order.

True profit on every order.

For each order, sku.io computes contribution margin: revenue minus landed item cost, channel fees, shipping, and transaction costs. Cost data flows in from integrations, or you upload a CSV and map and prorate the lines across the right products. Sort by SKU or by channel and you know — not guess — which products are worth reordering.

Settlements reconciled line by line.

A marketplace payout never matches your invoices — fees, refunds, and reserves are buried inside it. sku.io ingests the settlement and matches each line back to its order, so the deposit that hits your bank ties out to the sales, fees, and refunds behind it. Amazon’s settlement files stop being a monthly mystery.

Close the month in days, not three weeks.

Bank-statement OCR reads the statements you upload and matches the lines against transactions for reconciliation. Summarized journals keep the general ledger small while the full detail stays in sku.io, one drill-down away — so your accountant reviews a clean set of entries instead of wading through ten thousand order invoices. Month-end stops being an archaeology project.

Consignment stock, accounted correctly.

Stock you hold but don’t own stays off your books until it sells; consignment accounting recognizes ownership and COGS at the moment they actually change hands. Most systems make you fake this with dummy warehouses and manual journals. Here it’s a supported mode.