How to Reconcile Shopify Payouts in QuickBooks Online: A US Seller’s Guide
Shopify sellers often assume that every deposit arriving in their bank account represents sales revenue. However, a Shopify payout is usually a net settlement rather than gross revenue. Before sending the money to your bank, Shopify may deduct payment-processing fees, refunds, chargebacks and other adjustments. Sales tax and timing differences can also affect the relationship…
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