How to book Shopify Payments payouts in your accounting

Shopify Payments pays out several orders at once, minus fees. Booking only the payout hides your real sales and VAT. Here is a cleaner approach.

Book sales per order

Each paid order is a sale with its own VAT. Book it with lines, shipping and the right rate against a clearing account for Shopify Payments.

Book the payout separately

When the payout reaches your bank, move the amount from the clearing account to the bank account and book the fee as an expense.

Automate it

Ledger Integration books every paid Shopify order in Fiken or Bokio automatically, with a chosen account per payment method. 10 transfers a month are free.

Are fees booked automatically?

No. Fees are part of the payout and are booked when it arrives.

Which accounting systems are supported?

Fiken and Bokio today.