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Connect with and learn from others in the QuickBooks Community.
Join nowWe use One Saas App as the integration bridge between Shopify & Quickbooks,
We have the following settings:
1. All Shopify sales goes to 1 generic sales account in Quickbooks
2. Shopify charges goes to an expense account in Quickbooks.
For Payments (credit cards, etc) received from Shopify, we are unsure to use the "Bank" account or the "Undeposited Funds" account. Also Is it better to create a separate bank account for PayPal payments?
Thank you very much for the advice.
Regards,
SY Chan
Explore this app to get an idea how to reconcile your payment data from Shopify and Paypal
https:// synder.grsm.io/quickbooks
Hello, sychan.
I'm here to guide you on how to enter the payments from Shopify in QuickBooks Online.
To record a credit card transactions from a third-party provider. Here's how:
Record the payment.
Record the deposit:
This method helps to ensure that the payments from Shopify are accurately recorded. For an overview of this process, I suggest visiting this article: Can QuickBooks Online directly integrate with third-party merchant services?
You can also refer to this article how QuickBooks Payments deposits work in QBO and different information about QuickBooks Payments: Common questions about payments deposits in QuickBooks Online.
In case you need further assistance, please let me know so I can help you. Have a great day, and stay safe!
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