10 Best Bookkeeping Tools for TikTok Shop in 2024

Running a TikTok Shop can seem like an exciting opportunity for sellers looking to tap into a massive user base, but the reality often feels quite different. Sellers quickly realize that, alongside navigating the platform's learning curve, they also face challenges with seller support, unpredictable violation points, and complicated payout structures. 

Payouts are sometimes delayed by up to two weeks, and free shipping costs are deducted but not reflected in the payout. You have to conduct your own audits, manually tracking what you should be paid to ensure everything adds up. 

Accounting software tailored for TikTok Shop sellers can help alleviate some of these struggles. Automated bookkeeping tools, like Xero or QuickBooks, integrated with Link My Books, can simplify financial tracking, ensuring that every sale, fee, and payout is accurately recorded.

The Best Bookkeeping Tools for TikTok Shop

• Xero with Link My Books
• QuickBooks Online with Link My Books
• Zoho Books
• Sage Business Cloud Accounting
• FreshBooks
• Wave
• Kashoo
• ZarMoney
• Holded
• OneUp

Xero with Link My Books

Xero is a cloud-based accounting software that’s particularly well-suited for e-commerce businesses, including TikTok Shop sellers. 

Xero offers a range of advantages for your business. With its user-friendly interface and layout, Xero makes it easy to manage your finances efficiently. You can track income and expenses, reconcile bank transactions, and generate detailed financial reports with just a few clicks.

Xero Features

• Automatic Transaction Sync: Automatically syncs TikTok Shop sales, refunds, fees, and taxes directly into Xero, minimizing the need for manual entries.
• Accurate Tax Management: With Link My Books, tax rates are applied correctly based on each sale's location, ensuring compliance across multiple regions.
• Comprehensive Reporting: Xero provides detailed financial reports, including real-time profit and loss statements, sales trends, and expense tracking. This feature is particularly useful for analyzing TikTok Shop’s performance and planning for growth.
• Seamless Integration: Xweo integrates with over a thousand third-party apps including those for inventory management, point-of-sale systems and time-tracking tools.

Link My Books + Xero = Error-free Accounting 

When you integrate Xero with Link My Books, it becomes a powerful bookkeeping tool, automating financial data imports and ensuring accurate tax compliance.

Here’s what to expect from the integration:

• Automated Financial Sync for TikTok Shop: Automatically sync all TikTok Shop sales data, directly into Xero via Link My Books, eliminating the need for manual data entry and saving valuable time.
• Accurate Sales Tax Calculations: With Link My Books, ensure that the correct VAT or sales tax is applied to every TikTok Shop transaction. The tool calculates and categorizes taxes in Xero automatically, ensuring compliance with regional tax regulations.
• Payout Reconciliation: Easily reconcile TikTok Shop payouts in Xero with just one click. Link My Books matches each payout to the correct sales, refunds, and fees, keeping your accounts balanced and accurate.
• Comprehensive Reporting: Get real-time insights into your TikTok Shop’s financial health through comprehensive reports generated by Link My Books. These reports are specifically tailored to the needs of TikTok sellers, providing clear overviews of sales trends and performance.
• Multi-Currency Support: Manage international transactions with ease. Link My Books automatically converts TikTok Shop sales into your base currency, ensuring that your financial records are always accurate.
• Cost of Goods Sold (COGS) Management: Track and manage your Cost of Goods Sold (COGS) within Xero, ensuring that profit margins from your TikTok Shop are reflected accurately in your financial reports.
• Tax-Compliant Invoices: Generate tax-compliant invoices for every TikTok Shop sale. Link My Books ensures that all your invoices meet regulatory requirements, simplifying tax season.
• Easy Setup: Connecting TikTok Shop with Xero via Link My Books is straightforward. You don’t need technical expertise, and you’ll be up and running within minutes.
• Customizable Data Import: Tailor how your TikTok Shop sales data is categorized and imported into Xero. Link My Books offers flexible options to match your accounting preferences and business needs.

How Does it Work?

1. Start by linking your TikTok Shop and Xero to Link My Books. This integration ensures that your sales data flows seamlessly between the platforms, making your accounting process more efficient.

2. Each time you receive a payout from TikTok, Link My Books automatically validates every transaction within that payout. It checks the details of each sale, refund, and fee to ensure the correct tax treatment is applied, saving you time and reducing errors.

3. Link My Books then creates a clear, organized summary in Xero, breaking down the payout into sales, refunds, and fees, and allocating them to the correct accounts. It also applies the correct tax rates to each transaction, ensuring your financial records are accurate.

4. The entry in Xero is designed to match the TikTok Shop payout deposit exactly, allowing you to reconcile the transactions with your bank account in just one click.

You can try our Xero TikTok integration for 14 days free of charge. 

• No credit card is required
• Easy 15-minute setup

Xero Pricing

For US Customers

For UK Customers

While Xero’s Ignite plan is budget-friendly, it does come with some limitations, like only allowing 20 invoices and 10 bills per month. If your business is growing, you might want to upgrade to Grow, which offers more flexibility. And if you deal with multiple currencies, the Comprehensive plan has you covered.

For AU Customers 

Try Link My Books for free for 14 days, it’s free. You don’t need a credit card and it takes 15 min to set up. 

QuickBooks Online with Link My Books

QuickBooks Online is a popular accounting software solution for small businesses, offering a user-friendly interface with powerful features. It has robust expense tracking capabilities, allowing you to accurately monitor your expenses and create budgets accordingly. Additionally, it generates insightful reports that give you a clear picture of your financial health and performance.

When integrated with Link My Books, it automates your bookkeeping tasks, saving time and reducing errors.

QuickBooks Features

• Automated Reconciliation: Automatically syncs all TikTok Shop transactions and matches them with your bank records for easy reconciliation in just one click.
• Class Tracking: QuickBooks allows you to categorize income and expenses by different sales channels or product types, which is invaluable for sellers managing multiple platforms.
• Detailed Financial Insights: Track profitability, cash flow, and tax liabilities, and generate reports that help you better understand your TikTok Shop’s financial performance.

Link My Books + QuickBooks = Better TikTok Accounting 

By integrating QuickBooks Online with Link My Books, TikTok Shop sellers can automate and streamline their financial processes. This integration ensures accurate accounting, reduces manual work, and keeps your records up-to-date.

• Automatic Order Sync: Sync all TikTok Shop orders, including line items, taxes, and fees, directly into QuickBooks Online. This feature eliminates the need for manual data entry, ensuring every transaction is accounted for.
• Accurate Sales Tax Calculations: Link My Books ensures the correct sales tax rates are applied automatically to all TikTok transactions in QuickBooks, ensuring full compliance with tax regulations.
• One-Click Payout Reconciliation: With just one click, you can reconcile your TikTok Shop payouts in QuickBooks. Each payout is matched to its corresponding sales, refunds, and fees, giving you a balanced and accurate account.
• Clear Financial Summaries: Receive detailed summaries of your TikTok sales, refunds, and fees, offering a clear overview of your store's financial performance within QuickBooks.
• Multi-Currency Support: Handle international sales effortlessly with automatic currency conversions, making sure your financial reporting is accurate no matter where your customers are.
• Customizable Import Settings: Tailor how your TikTok sales data is categorized within QuickBooks to suit your business’s specific needs, allowing for a more customized bookkeeping experience.
• Efficient COGS Management: Easily track and manage your Cost of Goods Sold (COGS) within QuickBooks, ensuring that your profit margins are accurate and up-to-date.

QuickBooks Pricing

For US Customers

*The image is reflecting a current discount

For UK Customers

*The image reflects a current offer 

Simple Start is best for freelancers and very small businesses with minimal accounting needs. Essentials suits small businesses that require basic features plus bill management and time tracking. Plus is ideal for businesses that need to manage inventory and track project profitability.

Advanced is designed for larger businesses that need advanced reporting, more users, and premium support.

For AU Customers 

If you subscribe now you can get live expert assistance free for 30 days*

You can try the QuickBooks TikTok Integration for 14 days free of charge. 

• No credit card is required
• Easy 15-minute setup

Zoho Books

Zoho Books is an affordable, scalable solution designed for smaller businesses or startups that require basic bookkeeping features, with added e-commerce functionality.

Using Zoho Books means you'll need to manually download data from your TikTok store, separate revenue by country and tax rate, and categorize expenses by tax rate. Manually handling these tasks is complex and prone to errors, which could ultimately cost you more than investing in a solution like Xero and Link My Books.

Zoho Books Features

• Mobile App: Zoho Books’ mobile app is fully featured, allowing you to manage your finances on the go. This is particularly beneficial for TikTok sellers who need to monitor their business while travelling or away from the office.
• Multi-Currency Support: For TikTok sellers with an international customer base, Zoho Books can automatically update exchange rates and support transactions in multiple currencies.
• Customizable Workflows: Automate tasks such as sending invoices, following up on overdue payments, and updating inventory. This reduces manual work and keeps your TikTok Shop running smoothly.
• Integrated Inventory Management: Easily manage inventory levels and track reorders, which is crucial for sellers with a large product range on TikTok Shop.

Zoho Pricing

For US Customers

For UK Customers

The Free Plan is for businesses with minimal accounting needs. Paid plans start at £12/month, offering additional features and higher limits.

For AU Customers 

Sage Business Cloud Accounting

Sage Business Cloud Accounting is ideal for established businesses requiring advanced financial reporting and inventory management. For TikTok Shop sellers, it offers powerful tools to streamline bookkeeping and ensure compliance with tax laws.

However, it doesn’t integrate with TikTok directly, while it does support other third-party integrations it doesn't integrate with Link My Books. 

Sage Features

• Advanced Reporting: Get comprehensive insights into your TikTok Shop’s performance with cash flow forecasts, profitability analysis, and tax reports. These reports help in making strategic business decisions.
• Inventory Management: Sage automatically tracks inventory levels and alerts you when stock is running low, making it easier to manage products sold on TikTok Shop.
• Multi-User Support: If you manage a larger TikTok Shop operation, Sage allows multiple team members to collaborate on bookkeeping tasks, each with different permission levels.

Sage Pricing

For US Customers 

For UK Customers 

The Basic Package starts at £15/month, with additional features available on higher-tier plans.

FreshBooks

FreshBooks is a great option for freelancers and small business owners who prioritize invoicing and simplicity. For TikTok Shop sellers, FreshBooks offers easy-to-use features with enough depth for efficient financial management.

One major drawback is that it doesn’t integrate with Link My Books so you would have to download your data from TikTok, separate revenue by country and tax rate, and expenses by tax rate then manually account for those figures in FreshBooks. 

FreshBooks Features

• User-Friendly Interface: FreshBooks is known for its intuitive design, making it easy for anyone to get started, even if you have no prior accounting experience. The dashboard is clean and simple, giving you a quick overview of your financial health.
• Invoicing Automation: FreshBooks simplifies invoicing by allowing you to create, send, and track professional invoices in minutes, making it easy to manage customer payments from TikTok sales.
• Expense Tracking: Automatically categorize expenses from your TikTok Shop transactions and keep an eye on cash flow.
• Project and Time Tracking: Ideal for sellers offering services through TikTok, this feature tracks billable hours and projects to simplify client billing.

FreshBooks Pricing

For US Customers

For UK Customers

FreshBooks offers four plans. Lite for freelancers with up to 5 clients, Plus for growing businesses with up to 50 clients, Premium for unlimited clients, and Select, a custom-priced option with advanced features and a dedicated account manager. Each plan includes essential tools like invoicing, expense tracking, and accounting.

For AU Customers

Wave

Wave is a free accounting software solution, making it ideal for startups and very small businesses who need basic accounting features for their TikTok Shop without the cost.

Same as Freshbooks Wave doesn’t integrate with Link My Books so you would have to download all your data from TikTok and then manually input it. 

Wave Features

• Free Accounting Tools: Wave offers invoicing, expense tracking, and financial reporting at no cost, making it perfect for TikTok Shop sellers looking to minimize expenses.
• Multi-Channel Management: Wave can sync with TikTok Shop and other platforms, providing basic financial management for small businesses with limited complexity.
• Multi-Currency Support: Wave’s multi-currency support ensures that you can manage transactions in different currencies seamlessly. The software automatically converts foreign transactions to your base currency using up-to-date exchange rates.
• Simple Interface: Designed for ease of use, Wave’s clean and intuitive layout is perfect for sellers who are new to bookkeeping.

Wave Pricing

New Wave account sign-ups are limited to US and Canadian business owners only. Wawe doesn’t provide support for this product outside of this region.

• Free Plan: Wave offers free accounting services, including invoicing, billing, and expense tracking. Payroll is not included in the free plan.
• Payroll Add-On: Available as a paid service, where the pricing varies depending on the state. In tax-service states, Wave handles payroll taxes on your behalf, whereas in self-service states, you manage payroll taxes manually.

For US Customers

Wave’s basic accounting and invoicing tools are free, making it a good choice if you’re a budget-conscious seller. If you need more advanced features, you can upgrade to a monthly plan for $16/month.

Kashoo

Kashoo is a simple yet effective accounting software tailored for small businesses. It’s designed to streamline bookkeeping tasks and provide easy access to financial data, making it a solid choice for TikTok Shop sellers who need an easy-to-use solution without sacrificing essential features.

However, it does not integrate with TikTok or Link My Books.

Kashoo Features

Key Features:

• Multi-Currency Support: Automatically handle international sales with up-to-date currency exchange rates, making it ideal for TikTok sellers catering to a global audience.
• Machine Learning Technology: Kashoo uses AI to automatically categorize expenses and transactions, learning from your actions to improve accuracy over time. This reduces manual data entry and helps keep your books organized.
• Unlimited Users: Kashoo allows unlimited users at no extra cost, making it scalable for growing businesses. This feature is particularly useful for TikTok sellers who need to collaborate with team members or accountants.

Kashoo Pricing 

Kashoo offers pricing plans only in USD.

The Kashoo plan offers features like invoicing, bill tracking, and multi-currency support, making it ideal for small businesses. However, it doesn’t include payroll services.

Tiny Small Business Accounting is a budget-friendly option with basic features like invoicing and bill tracking, but it lacks multi-currency support and payroll services, making it best for very small businesses.

ZarMoney

ZarMoney offers a powerful set of tools for businesses that require advanced features without a hefty price tag. It’s well-suited for TikTok Shop sellers who need robust inventory management, invoicing, and financial reporting all in one package.

However, it does not integrate with TikTok or Link My Books.

Zarmoney Features

• Customizable Invoicing: With ZarMoney, you can create fully branded invoices for your TikTok Shop, ensuring consistency and professionalism in customer communications.
• Inventory Tracking: ZarMoney’s inventory management system automatically updates your stock levels, helping you avoid stockouts or overstocking for items sold on TikTok.
• Flexible and Scalable: Zarmoney is built to grow with your business, offering a range of accounting and financial management tools that can be customized to your specific needs. 

Zarmoney Pricing

The Enterprise plan adds multi-currency support, while both plans include key features like invoicing, bill management, and expense claims.

Holded

Holded is a versatile and scalable accounting software perfect for small to medium-sized businesses. TikTok Shop sellers can benefit from its automation features and built-in CRM tools, which help manage both accounting and customer relationships efficiently.

It does not integrate with TikTok or Link My Books.

Holded Features

• Inventory and Order Management: Holded provides detailed inventory management, automatically tracking stock levels and alerting you when it's time to reorder, which is essential for TikTok sellers.
• Automation: Streamline repetitive tasks like invoicing, payment reminders, and expense tracking with Holded’s automation features, reducing manual work.
• CRM Integration: Holded includes customer relationship management (CRM) functionality, allowing TikTok Shop sellers to manage customer data and sales interactions within the same platform.

Holded Pricing

Pricing plans are only available in EUR. 

Holded’s Basic, Standard, and Advanced plans are best suited for small business up to 10 employees. The premium plan is for 10+ employees. Multi-currency support is available starting with the Standard plan, while all plans include essential features like invoicing, bill management, and expense claims.

OneUp

OneUp is a mobile-friendly accounting solution that caters to small business owners who need to manage their finances on the go. It’s a great option for TikTok Shop sellers who require basic inventory management, invoicing, and bookkeeping features without being tied to a desktop interface.

However, it does not integrate with TikTok or Link My Books.

OneUp Features

• Mobile Optimized: OneUp is designed to work seamlessly on smartphones, making it easy for TikTok Shop sellers to track sales, manage inventory, and generate invoices from anywhere.
• Integrated Inventory Management: Automatically updates your inventory levels with each TikTok sale, providing real-time stock tracking and avoiding potential stock issues.
• Expense Tracking: Keep tabs on your business expenses by linking OneUp with your bank accounts, ensuring that every transaction is categorized correctly.

OneUp Pricing

The pricing is available only in USD. 

Multi-currency support and expense claims start with the Plus plan, while all plans include essential features like invoicing and quotes.

How to Choose the Best TikTok Shop Bookkeeping Software for You

Accuracy

TikTok Shop sellers deal with high transaction volumes and must ensure that every sale, TikTok shop return, and fee is accurately recorded. Look for tools that sync seamlessly with TikTok and offer transaction validation, like Xero or QuickBooks Online with Link My Books.

Time-Saving Features

Automated syncing of transactions, one-click reconciliation, and tax management are essential for saving time. Solutions, like Link My Books or Zoho Books, excel in reducing the manual workload.

E-commerce Specific Features

TikTok Shop sellers often sell internationally, requiring multi-currency support, tax automation, and detailed sales reporting. Software that provides real-time inventory tracking, and cost of goods sold (COGS) management, like Sage and FreshBooks, is a must.

Customer Support

Look for bookkeeping tools that offer reliable support, including live chat, phone, or email. QuickBooks and Xero offer strong support, while free tools like Wave may have limited assistance.

E-commerce Insights

Tools like Link My Books provide built-in analytics and benchmarking, helping you understand how your TikTok Shop performs compared to industry standards.

How do they compare

Here’s a quick comparison table so you can see how they stack up at a glance.

Which TikTok Shop Bookkeeping Software is Best for You?

Choosing the right bookkeeping software for your TikTok shop bookkeeping largely depends on your business size, needs, and the complexity of your operations. Here's a breakdown of the top tools and what they offer:

Xero with Link My Books: A powerful combination that automates bookkeeping for TikTok sellers. Xero integrates with Link My Books to seamlessly sync sales data, automate tax calculations, and simplify payout reconciliation. Ideal for businesses with complex needs, international sales, and those seeking deep financial insights.

QuickBooks Online with Link My Books: QuickBooks Online, when paired with Link My Books, offers a user-friendly experience with advanced features. It automates syncing TikTok sales, simplifies reconciliation, and provides clear financial summaries. Perfect for businesses looking for ease of use with robust financial tracking.

Zoho Books: An affordable and scalable solution for smaller TikTok Shop sellers. Zoho Books supports multi-currency transactions and offers customizable workflows, making it a solid choice for international sales and growing businesses.

Sage Business Cloud Accounting: Best suited for established businesses, Sage offers advanced reporting, inventory management, and multi-user support. It’s ideal for TikTok sellers who need detailed insights into cash flow, profitability, and inventory management.

FreshBooks: FreshBooks excels in simplicity and invoicing, making it a great option for freelancers or small TikTok Shop sellers who want to manage invoices, track expenses, and keep their financials organized with minimal effort.

Wave: A free accounting software designed for startups and small businesses. Wave offers essential features like invoicing and expense tracking, making it a great starting point for TikTok sellers with simple bookkeeping needs.

Kashoo: Kashoo is perfect for small businesses looking for a straightforward accounting tool. It provides automatic expense tracking, simple invoicing, and multi-currency support, making it ideal for TikTok sellers looking for a no-frills solution.

ZarMoney: ZarMoney combines advanced invoicing and inventory management features with customizable financial reporting. For TikTok Shop sellers who need more detailed control over their finances, ZarMoney offers scalability and flexibility

Holde: Holded is a versatile option for small to medium-sized TikTok sellers. It combines accounting, inventory management, and customer relationship management (CRM) in one platform, offering an all-in-one solution.

OneUp: A mobile-friendly accounting tool that suits TikTok Shop sellers who need to manage their business on the go. OneUp offers integrated inventory management and expense tracking, ideal for sellers who prioritize mobility and ease of use.

Why Bookkeeping Software Alone is Not Enough for TikTok Shop Sellers

Managing your TikTok Shop’s financials involves more than just basic accounting tasks. With multiple sales channels, complex tax obligations, and high transaction volumes, simple bookkeeping software often isn’t sufficient. 

Tools like Link My Books, automate tax calculations, validate transactions, and ensure that every sale is recorded accurately. They also provide detailed insights and benchmarks that help you understand how your business compares to industry standards, making it easier to make strategic decisions.

Why Link My Books Makes TikTok Shop Bookkeeping Simple

Link My Books integrates seamlessly with Xero and QuickBooks to automate the entire bookkeeping process for your TikTok Shop. 

Link My Books simplifies accounting for TikTok Shop sellers by automatically syncing sales, refunds, and fees into platforms like Xero and QuickBooks Online. It validates each transaction, applies correct tax rates, and offers effortless reconciliation, allowing you to focus on growing your business. 

By tracking the cost of goods sold (COGS) and providing real-time insights and benchmarking, it helps optimize your financial management and ensure tax compliance.

Getting Started with Link My Books

Managing your TikTok Shop’s finances can be challenging, with multiple sales channels, taxes, and inventory tracking to handle. We highlighted some of the best accounting software options to help streamline your bookkeeping tasks, but for the ultimate solution, Link My Books offers unmatched automation, accuracy, and insights.

If you’re ready to simplify your TikTok Shop’s bookkeeping, start your free trial with Link My Books today. With automated accounting on autopilot, you’ll save time, avoid costly errors, and get back to focusing on growing your business.

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