Tracking Shopify Platform Fees and Refunds in QuickBooks
You just finished a record-breaking sales week. Your Shopify dashboard shows $5,000 in total sales. You feel like a rockstar. Then you check your bank account. You see a deposit for $3,200. Wait. Where did the other $1,800 go? This is the exact moment where most Shopify sellers lose their minds: and their profit. If you are guessing where that money went, you aren't running a business; you're running a hobby. Tracking Shopify platform fees and refunds in QuickBooks isn't just a "nice to have" task. It is the difference between scaling your brand and watching it bleed out from hidden costs. Stop Guessing... Start Understanding Your Real Numbers Most people think bookkeeping is just about entering numbers into a spreadsheet. It’s not. It’s about clarity. When you see that $3,200 hit your bank, that is your Net Payout . But the IRS doesn't care about your net payout. They care about your Gross Sales . If you only record the $3,200 that hits your bank, you are u...