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langd's avatar
langd
Contributing User
11 months ago

Shopify and Paypal

Hi 

I have a shopify shop and some people pay by paypal through this platform.  Am I correct in my imputing Shopify sales as Recieve money ,and then Paypal just as Owners own funds when it hits our account as I have already accounted for this amount in my  Shopify. Then once a month input the Paypal fee as Spend money , I know it should be simple but just want to make sure I get it right. Thanks Denise

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  • Rother's avatar
    Rother
    Partner
    11 months ago

    I would receive the payment as paid via Paypal and put against the sales from Shopify.  For those clients who use Paypal I consider this to be a bank account and reconcile the account using spend money/receive money where needed