How to reconcile Shopify and Paypal transactions for accrual accounting?

kpauli
Tourist
4 0 1

I am in the accounting department and new to Shopify. I am trying to get an understanding of what reports to use for accrual accounting. 

 

  1. Do ALL transactions run through Shopify?  
  2. Do I need to get additional reporting data from Paypal?
  3. What reports are recommended to use in Shopify and/or Paypal?

From what I am running into, it doesn't seem that the numbers match up between Shopify and Paypal.  I am told that all refunds are through Shopify, but some refunds on Paypal I am not seeing in Shopify.

 

Any insight would be greatly appreciated!!

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