Each Shopify payout date is found in your bank statement. At that moment, the sharpedgedata electronically connects to your store and reads all data about that expense type, and all expenses.
Theses expenses will include:
- Processor fees and commissions
- Discounts
- Returns
- Chargebacks / Refunds
However we also post general ledger entries for:
- Shipping income
- Gift card liability
- Sales tax liability
