When you enable Payouts integration, WeIntegrate will automatically create a Deposit in your connected QuickBooks Online (QBO) company. At the time of creating the deposit, we’ll automatically link the Payout’s associated sales and refunds to the Sales Receipts and Refund Receipts that WeIntegrate synchronized to your QBO company.
If a Payout contains a Processing Fee we’ll capture that as part of the Deposit created in QBO. And if there any disputes or discrepancy on a Sale or Refund compared to the Sales Receipt / Refund Receipt we’ll capture that as part of the Unmatched Sale Account. Plus both of these will also be identified in the WeIntegrate Shopify Payout to QuickBooks Online Deposit report which is an amazing tool to identify fees and discrepancies.
This setting is configurable for each Shopify store you connect. To do this, you’ll need to go to your Shopify connection, click on Edit and then click on the Sales & Deposits tab and then navigate to the bottom in the Deposits section you’ll see a drop to select the Processing Fees Account which should be an Expense account.
