Step 3: Create a Journal Entry in QuickBooks Online to record Shopify Sales details So, how do you create a journal entry to reflect all of that? Let’s take a look. There are some adjustments you need to make to enter the amount into QBO. This is where it can get a bit complicated. That’s what you actually see as your payout in your bank account. The amount of the Shopify payout is total Shopify payments, minus fees, plus or minus adjustments. Now, keep in mind that the amount that was received in the bank account will likely be different from the amount on the finance report. Next, from Shopify, go to Reports, then scroll down until you see Finances and click on Finances Summary.īelow, you’ll see where you need to enter transaction dates to get the correct report.Īfter entering the date range, we’ll see the Finances report showing sales, liabilities, and payments. Step 2: Run Finances Summary report in Shopify And finally, at the bottom, you’ll see all of the different transactions that make up that payout. You might also see Refunds or Adjustments on a specific payout date (these amounts are $0.00 in our example). You’ll see Total, which is the amount that was recorded into your bank account. In the example above, you’ll notice that you see a few items circled. Next, select a specific date to view that payout in more detail. Next, you’ll see a list of all of the payouts in order by payout date. You’ll have to scroll down and then look to the right and find the payout schedule then select view all payouts. To get started from the Shopify home screen, you will look for payouts.
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