We use Xero for accounting and import transactions from Shopify. Is it possible to have payments deposited individually to my account (instead of in daily lump sums) and to have the merchant services billed or deducted separately? This would make matching Shopify transactions to bank deposits much, much easier.
If not - what tricks are you all using to make matching transactions to deposits as simple as possible?
Nick here from Shopify.
I'm not quite 100% sure on what you mean exactly. Would you be able to give some exact examples of what you mean, please? Shopify Payment payouts are currently in scheduled payouts over a period of a few days, and I don't believe it would be possible to have them be individual rather than lump sums. I think what was confusing me was when you were saying "Merchant services", do you mean an app for example? Shopify has more information on how payouts are structured right now which you can see here.
Looking forward to hearing from you and learning more.
All the best, Nick