This is a rookie question - but the 1099k form is listing revenue that is lower than what is reported in the shopify admin. Is the gross revenue on the 1099 = gross revenue - (sales tax + shipping + returns)? Again sorry for the rookie question here, just want to make sure I understand the informat…

Hi @Madelman333 Welcome to the Shopify Community! I understand you have some queries about your 1099-k form, and in particular why you are noticing a discrepancy between the total on the form, and in the Shopify admin reports. I would be happy to clarify this for you! You don’t need to apologize f…

Just to piggy back on to this - you may find that using this 3rd party software will help simplify all of this for you. It’s the reason it was created when there didn’t seem to be other options out there to do this for us. https://linkmybooks.com?fpr=trusted-brands-direct

I can never find a report in Shopify that matches the 1099-K form gross amounts. Can you please let me know how to manually reconcile the amounts Thank you James Dubay

Hi @James_Dubay Thanks for joining in! I understand that you are having some difficulty trying to match the 1099-K gross amounts to a report in Shopify. I’d be happy to elaborate on this. As explained in my last reply, the reports in your Shopify analytics won’t necessarily exactly match the 1099-…

I’m a bookkeeper who works with e-commerce store owners. I was having trouble with the Shopify 1099-K tie out with only one client in particular. What I discovered was that if a customer pays with a gift card, this is also not included in the Shopify 1099-K figure. It seems obvious now, but it took …

Hi Rick, so we should be figuring the 1099K will report the Net sales, not the gross sales? So this way it’s not taking into consideration the returns or the discounts? I often send free products to influencers for collaboration. I often put in the full amount and then put in a 100% discount. I just…

Hi @mychelley201 Thank you for joining in here. I understand that you are wondering about net vs gross sales when it comes to the 1099-K on your Shopify store. I can confirm that the 1099-K reports the gross transaction value. It does not factor in refunds, adjustments, chargebacks, credit card pr…

Ok thank you. So a gross transaction of something $300 with a 100% discount would be reported as $0 since the actual transaction was $0 correct?

1099-k form. The monthly gross revenue does not equal what shopify is reporting

Accounting & Taxes

Bobbie_Floerchi March 4, 2024, 6:43pm 17

hi Greta:

Can someone please provide a legend - Shopify Reports does not match shopify 1099.

mid 5 figures off.

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1099-k form. The monthly gross revenue does not equal what shopify is reporting

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