Funding
Funding not disclosed
Founders
Product
Problem
Maropost Commerce Cloud users need a streamlined way to reconcile their online store's financial data with Xero accounting software. Manually transferring and categorizing payment information is time-consuming and prone to errors, especially when dealing with multiple payment methods.
Solution
Crossbeam automates the synchronization of payment data from Maropost Commerce Cloud to Xero, simplifying reconciliation and improving accuracy. The platform batches payments by day and payment method, posting each batch as a summarized invoice in Xero. This batched workflow, developed in partnership with e-commerce accounting experts, reduces the number of invoices generated, making account reconciliation faster and more reliable. Crossbeam supports multiple payment methods and allows users to configure clearing accounts per payment method.
Target Audience
The primary users are Maropost Commerce Cloud store owners and bookkeepers who use Xero for accounting and need an efficient way to integrate their e-commerce sales data.
Features
- Daily, automated syncing of Maropost Commerce Cloud payments to Xero.
- Batches payments by day and payment gateway for simplified reconciliation.
- Supports multiple payment methods within Maropost Commerce Cloud.
- Summarizes invoices, posting them to Xero with breakdowns for sales with GST, sales without GST, shipping revenue with GST, and shipping revenue without GST.
- Option to sync invoices as draft or approved within Xero.
- Allows configuration of clearing accounts per payment method.
- Historical data fetch to bring past payouts from Maropost Commerce Cloud into Xero.