Set Up

Set up decides how SKU.io's automatic ledger lands in your books. Read the two concept pages first to see how entries are generated and why they're grouped by sales channel. Then work through the settings under Accounting → Settings and your Xero or QuickBooks connection — account mapping, invoice numbering, tax treatment and per-channel accounts — and keep the chart of accounts reference handy for what posts where.

To…	Go to…
see how your operations become a balanced double-entry ledger	How automatic accounting works
understand why your books show one entry per sales channel	How entries are grouped by sales channel
see how deposits, receipts and supplier bills post, and what the clearing accounts hold	How purchases reach your books
choose which QuickBooks account each entry posts to	Map your accounts to QuickBooks Online
connect Xero and line up your chart, tax rates and payment methods with it	Connect Xero
see what each entry becomes in Xero or QuickBooks, and what syncs back	What syncs to your accounting provider
choose where your sales invoice numbers come from	Set your invoice numbering
decide whether SKU.io or your accounting system calculates tax	Choose who calculates tax
post each sales channel's sales and COGS to its own accounts	Use different accounts for each sales channel
tag revenue and COGS with the sales channel using Xero tracking categories or QuickBooks classes	Tag entries by channel with tracking categories
hold revenue in Deferred Revenue until each shipment goes out	Recognize revenue at fulfillment
send bills from foreign-currency suppliers to Xero or QuickBooks in the supplier's currency	Post supplier bills in their own currency
look up the default accounts and what posts to each	Chart of accounts reference