Shopify Payouts to QuickBooks — Reconcile Fees & Deposits

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Convert Complete

QuickBooks Journal Entry Format
valid rows

Finally reconcile Shopify deposits with your bank statement. Automatically breaks out processing fees so your books balance.

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Download Sample Shopify Payouts

Sample payout CSV to test the converter

Download Sample

Tool Rating

4.7 / 5 (178 votes)

How It Works

1

Export from Shopify

Orders → Export → Export transaction histories

2

Upload and Configure

Upload Payouts/Transactions CSV and choose Journal Entry format

3

Preview and Download

Review converted data, download Quickbooks Online-ready file

4

Import to QuickBooks Online

Settings ⚙️ → Import Data → Journal Entries → Upload CSV

Why Shopify Deposits Never Match Your Bank

The Net Deposit Problem

You sold $1,000 on Shopify. Your bank shows a $970 deposit. Where did $30 go? Shopify withholds processing fees (2.9% + $0.30 per transaction) before depositing. Your bank sees $970. QuickBooks sees $970. But your sales were $1,000. Without breaking out fees, your books show $970 revenue instead of $1,000 revenue + $30 expense.

What This Tool Does

We parse your Shopify payout export and create QuickBooks entries that show: - Gross sales: $1,000 (what you actually sold) - Processing fees: -$30 (the expense) - Net deposit: $970 (what hit your bank) Now your revenue is correct AND your bank reconciles.

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256-bit SSL encryption. Same standards as major financial institutions.

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Files are processed directly in browser. No calls to our servers.

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Field Mapping

How Shopify Transactions fields map to Quickbooks Online Journal Entry

Shopify Transactions Source Value Quickbooks Online Journal Entry Target Value Note
Date 2025-01-15 JournalDate 01/15/2025 Transaction date to MM/DD/YYYY
Amount 100.00 Credits 100.00 Gross sales credited to revenue
Fees 2.90 Debits 2.90 Processing fees debited to expense

Why Use This Tool?

Fee Breakdown

Processing fees extracted from net payouts and mapped to expense account. See your true profit margin.

Bank-Ready Output

Net deposit amounts match your bank statement exactly. No more reconciliation mysteries.

Balanced Entries Guaranteed

Every journal entry is validated: debits = credits. QuickBooks will accept without errors.

Payout Grouping

Multiple transactions bundled into single payout? We group them correctly by Payout ID.

Refund Handling

Refunds in payout exports are detected and handled with correct signs.

Browser-Based Privacy

Files process entirely in your browser. Financial data never leaves your computer.

Data Transformation

Transactions aggregated by payout, then each payout expands to 3-7 JE lines

Input Shopify Balance Transactions

Multiple transactions per payout (charges, refunds, fees, disputes)

Key columns: Amount, Fee, Net, Type, Payout ID
N:M — Complex transformation
Output Journal Entry Lines 3-7 rows per input

Double-entry accounting separating gross sales, fees, and net deposit

DR Bank Deposit DEBIT bank: net amount that hit your bank
DR Processing Fees DEBIT expense: Shopify/payment processing fees
CR Gross Sales CREDIT income: gross sales revenue (matches 1099-K)
DR Refunds DEBIT income: reduce revenue for refunds
DR Disputes DEBIT income: chargebacks reduce revenue
DR Dispute Fees DEBIT expense: $15 chargeback fee per dispute
Debits must equal Credits (Bank + Fees = Gross - Refunds - Disputes)

Common Journal Entry Import Errors

Issues you might encounter when importing Payouts/Transactions data to Journal Entry - and how we solve them

Unbalanced Journal Entry

QuickBooks requires Debits = Credits for each journal entry

Debit: $970, Credit: $1000 (unbalanced)
Debit: $970 + $30, Credit: $1000 (balanced)

We auto-calculate balanced entries: Bank + Fees = Sales

Each payout creates a balanced entry with fee breakdown

Account Names Not Found

QuickBooks import fails if account names don't match your Chart of Accounts

Account: 'Shopify Sales' (not in your QB)
Account: 'Sales Income' (matches your QB)

Configure your actual account names before converting

Use the account settings to match your QuickBooks Chart of Accounts

Duplicate Journal Number

Importing the same payout twice creates duplicate entries

Payout #12345 imported twice
Each payout ID is unique

Journal numbers include payout ID to prevent duplicates

Check your date range to avoid re-importing processed payouts

Bank Deposit Doesn't Match

Your bank shows $970 but you recorded $1000 in sales

$1000 sales recorded, $970 bank deposit (where's $30?)
$1000 sales - $30 fees = $970 bank deposit

Journal entries separate gross sales from processing fees

Fees are tracked separately so bank reconciliation works

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How are credits calculated?

Credits are based on rows in your file. Each tool shows its rate (e.g., 2,000 rows = 4 credits). We round up to the nearest step. Minimum 1 credit per conversion.

Is my data secure?

Files process entirely in your browser. We're GDPR compliant with TLS encryption.

Can I get a refund?

Yes! Full refund within 14 days if no credits used. Partial refund for unused credits anytime. Contact sup@spreadsheetbroccoli.com.

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Frequently Asked Questions

Your data never leaves your device. All files are processed entirely in your browser using client-side JavaScript - no data is stored on our servers or sent anywhere. There's no account to hack, no database storing your files, and no API connections to your bank or accounting software. You upload, convert, download, and we forget it immediately.
No payment or signup required. You can upload your file, see a free preview of the conversion results, and verify everything looks correct before paying anything. If it doesn't work for your files, you haven't wasted any money. We only charge when you're satisfied and ready to download the final converted file.
You can, but free scripts and AI often miss edge cases that break real-world data: missing SKUs, currency formatting quirks, tax calculation errors, or date format mismatches. We have battle-tested validators specifically designed for accounting software imports that catch these issues before they corrupt your books. Plus, you get instant browser-based conversion without installing Python or managing dependencies.
Shopify withholds processing fees (2.9% + $0.30) before depositing. Your bank sees the NET amount. This tool breaks out the gross sales and fees so your books show both correctly.
Journal Entry is the only correct way to import payouts. It provides full double-entry accounting with separate lines for income, fees, and deposits. Bank Deposit format loses fee detail and creates incorrect books.
Go to Settings → Payments → View payouts → click any payout → View transactions → Export. Or Finance → Balance → Transactions → Export for all at once.
Yes. Every journal entry is validated to ensure total debits equal total credits. QuickBooks will accept all entries without balance errors.
Refunds appear in payout exports with negative amounts. We detect these and handle them with the correct accounting treatment (reducing income, not adding expense).
Chargebacks appear in the payout export with type='dispute'. We map these to appropriate accounts. The $15 dispute fee is also captured.
Yes. Export your full date range from Shopify. Each payout date creates separate entries.
At minimum: a bank account, an income account (Sales Income), and an expense account (Merchant Fees or Payment Processing). We use standard names you can customize in QBO.
Shopify deducts transaction fees, refunds, chargebacks, and app charges before paying you. These fees reduce your net deposit amount.
Match the net payout amount in Shopify to your bank deposit within 1-3 business days, accounting for timing delays between payout and bank posting.

Shopify → Quickbooks Online Data Ecosystem

All available data flows from Shopify to Quickbooks Online

Shopify Customers Export Customer profiles with contact info, addresses, and marketing preferences
Quickbooks Online Customer Import Customer profiles with contact and billing information
First NameFirst Name Last NameLast Name EmailEmail
Customer list migration, CRM sync
Shopify Orders Export Customer orders with line items, shipping, taxes, discounts, addresses
Quickbooks Online Invoice Accrual-basis B2B sales (payment pending)
NameInvoiceNo Created atInvoiceDate Created atDueDate
Wholesale, net terms, accounts receivable
Shopify Orders Export Customer orders with line items, shipping, taxes, discounts, addresses
Quickbooks Online Sales Receipt Cash-basis B2C sales (payment received at checkout)
NameRefNumber Created atTxnDate Billing NameCustomer
Retail, e-commerce, paid orders
Shopify Payouts/Transactions Shopify Payments transactions, fees, and bank deposits
Quickbooks Online Journal Entry Double-entry accounting with debits/credits
DateJournalDate AmountCredits FeesDebits
Professional accounting, fee tracking, aggregated imports
Shopify Products Export Product catalog with variants, pricing, inventory, and images
Quickbooks Online Products and Services Import Product and service items for invoicing and sales
TitleName Variant SKUSKU Variant PriceSales Price/Rate
Product catalog migration, inventory setup
Shopify Refunds (via Orders Export) Refunded orders filtered from Orders export. Filter by Financial Status = refunded.
Quickbooks Online Journal Entry Double-entry accounting with debits/credits
Created atJournalDate NameJournalNo Refunded AmountDebits
Professional accounting, fee tracking, aggregated imports
Shopify Tax Summary Report Sales tax collected by jurisdiction for liability posting
Quickbooks Online Journal Entry Double-entry accounting with debits/credits
Period EndJournalDate Tax JurisdictionAccount Name Tax CollectedCredits
Professional accounting, fee tracking, aggregated imports