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vanessa-viera
Level 3

How do i record materials i bought for shipping to customers (boxes, filler, etc) and how do i record Shopify billing me for shipping that the customer paid?

1. So we purchased materials for shipping (boxes, filler paper, foam, etc) where do i record that in the charts? 2. So in my shopify store, customer pre-paid for their shipping when they placed the order. Shopify then bills me for the shipping labels i purchased (which the customer prepaid for). How would i record that?
2 Comments 2
Rustler
Level 15

How do i record materials i bought for shipping to customers (boxes, filler, etc) and how do i record Shopify billing me for shipping that the customer paid?

stock the shipping materials as inventory, but when doing so change the expense account listed to supplies expense, doing that will push the cost of what was used to the correct expense account (it defaults to COGS, change it)

 

What the customer pays you for shipping is your income, then what you pay for actual shipping to the customer is an expense. Income is reduced by expense on the P&L

vanessa-viera
Level 3

How do i record materials i bought for shipping to customers (boxes, filler, etc) and how do i record Shopify billing me for shipping that the customer paid?

Thank you Rustler! 

 

I apologize, i'm a total newbie so when you say stock as inventory, do you mean i should record it in QB as "inventory" or you meant just keep track of the materials as inventory? What I had was an expense account labeled as "Shipping  & Packing" and was sending anything i spent on shipping boxes, packing tape, foam, etc there:

 

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