Reconciling Shopify Payments payouts

Last updated: 1 minute read

Shopify Payments pays out periodically: the revenue of a number of orders minus the fees Shopify deducts. On your bank statement you see one amount, while in your bookkeeping there are ten payments on the clearing account. Reconciling bridges that.

What Boekvogel does

1

Fetching the payout

As soon as Shopify has completed a payout, Boekvogel fetches which transactions it contains.

2

Booking the fees

The deducted fees go to the account you chose under Payment fees.

3

Preparing the net payout

The amount that actually reaches your bank is ready to be linked to your bank transaction.

What you need for it

  • An account for Payment fees, under Ledger accounts.
  • A financial account for Shopify Payments, under Payment methods.
  • The turn payouts on switch.

You find the processed payouts under Payouts, with date, gross, fees, net and status.

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