Supports product based businesses that need clear GST reporting and supplier cost visibility.
VISIT HEREWhy Sole works for retail and eCommerce:
- Clear tracking of sales and expenses
- Accurate GST reporting
- Visibility over supplier costs and overheads
- Designed for small operators, not enterprise finance teams
eCommerce
Shopify Online store platform with strong ecosystem.
VISIT HEREPayments
Worldpay : Card payments and online payments.
VISIT HEREInventory
Cin7 : Inventory and order management for scaling product businesses.
VISIT HEREFrequently Asked Questions
How does Sole help me track my actual profit margins?
In retail and manufacturing, it’s easy to confuse high sales with high profit. Sole allows you to track your supplier costs and overheads alongside your revenue. This gives you a real-time view of your margins, helping you see exactly how much you’re making after the cost of goods sold (COGS) is accounted for.
Can I manage my GST for both online and in-person sales?
Yes. Whether you sell via Shopify or at a physical pop-up, Sole acts as your financial source of truth. It categorizes your sales and expenses, making it simple to calculate your GST obligations for your quarterly BAS without needing to manually reconcile multiple spreadsheets.
What is the “Instant Asset Write-Off” for product businesses in 2026?
The Australian Government has extended the $20,000 threshold until 30 June 2026. This is vital for manufacturers and retailers who need to buy equipment like commercial ovens, shelving, sewing machines, or packaging hardware. If the item costs less than $20,000, you can deduct the full cost this financial year.
How do Shopify and Cin7 work together with Sole?
Think of Shopify as your digital storefront and Cin7 as your warehouse manager (tracking stock levels and orders). Sole is your financial command centre. While Shopify and Cin7 handle the movement of products, Sole handles the movement of money—tracking your tax liabilities, business expenses, and providing accountant-ready reporting.
What specific expenses can I claim in eCommerce and manufacturing?
Common deductions for product-based businesses include:
- Supplies & Materials: Raw materials, packaging, and shipping labels.
- Storage & Logistics: Warehouse rent, shipping fees, and freight costs.
- Marketing: Shopify app fees, social media ads, and Canva subscriptions.
- Work-from-Home: If you run your shop from home, you can claim the fixed rate of 67 cents per hour for utilities and internet.
Why use Worldpay for my payment processing?
Worldpay integrates seamlessly to allow your customers to pay via card, Apple Pay, and Google Pay. For a retail business, offering fast, secure checkout options reduces “cart abandonment” and ensures funds are cleared into your account quickly to keep your cash flow moving.
