Local & Multi-Currency Considerations for Shopify + QuickBooks
- Ensure your QuickBooks version supports your local currency (PKR) and any foreign currency transactions if you sell internationally.
- Plan how duties, imports, international shipping, and returns will be handled in your CoA and inventory tracking, as these often add to product cost.
- Be aware of local tax obligations (GST/VAT) and ensure your sales tax liability account in your CoA aligns with how you collect and report tax.
- If you use multiple sales channels (e.g., Shopify + Amazon), consider creating sub-accounts in your CoA for each channel to maintain clean and organized financial data.