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How to categorize Shopify shipping separately? The order invoice that comes through Shopify includes the product price and shipping cost.
Line#1 Product A --------- $50
Line#2 Shipping cost ------ $50
Total ---------------------------$100
We want to "Receive Payment" the invoice, then be able to categorize the shipping cost. Hope it makes sense.
Solved! Go to Solution.
I can help you categorize Shopify shipping separately in QuickBooks, @marumir05.
First, we need to create an expense account to track the shipping cost (if necessary). Here's how:
For detailed steps, you can utilize this resource for your reference: Add an account to your chart of accounts in QuickBooks Online.
Once done, assign the account to the service item (shipping cost).
Then, use the item on your invoice and receive the payment.
If you make a bank deposit with several checks in a single deposit, use the Undeposited Funds account to record the payments in QuickBooks. This lets you group multiple payments into one deposit transaction in QuickBooks.
Keep me posted if you have further concerns with categorizing Shopify shipping in QuickBooks. I'm always around to help.
I can help you categorize Shopify shipping separately in QuickBooks, @marumir05.
First, we need to create an expense account to track the shipping cost (if necessary). Here's how:
For detailed steps, you can utilize this resource for your reference: Add an account to your chart of accounts in QuickBooks Online.
Once done, assign the account to the service item (shipping cost).
Then, use the item on your invoice and receive the payment.
If you make a bank deposit with several checks in a single deposit, use the Undeposited Funds account to record the payments in QuickBooks. This lets you group multiple payments into one deposit transaction in QuickBooks.
Keep me posted if you have further concerns with categorizing Shopify shipping in QuickBooks. I'm always around to help.
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