Hello, our store will be opening a second location in another state and we are trying to get ourselves organized.
Does anyone know how we could have one Shopify store for two locations, and a bank account for each location?
We want to be able to keep track of our sales for each store.
We know that Shopify only allows one bank account per Shopify account. But has anyone found an efficient way to work around it?
Great question! Shopify only allows one bank account per Shopify account, so the only solution currently would be to have two stores if this is a requirement for your business.
Alternatively, you can use sales reports to pull a report specific to each POS location. You can also assign your inventory to each location to accurately track your inventory levels and pull sales by product reports that show how well products are doing in each location.
Let me know if you have any other questions!
Hi there, has there been any updates to this question and answer since last year? Even with Shopify 2.0?
I would like to know as well.
It’s not about reporting, but really getting payouts to different bank accounts. One for online business and one for each physical store.
Thanks.
we tested 2 ways. The better of the 2 was to open a Shopify balance account and add or other/all locations bank accounts as payout accounts.
Then using a daily report or weekly by location transferring the funds into the appropriate locations bank account. We get a more accurate and thorough financial report through the QuickBooks add on which keeps the banking spaghetti straight.
we tried the “open another Shopify store” route but isn’t worth the time for a growing business plus you’re looking at 2x the fees in apps and all.Literally dumped that idea/trial with 3 days.
Thanks for the advice. I’m actually curious to learn more about how you solved this issue. The multi-store route I agree is not ideal. Even though we’ve been told there’s a way to custom code it, I wouldn’t want to rely on something like that.
Crazy that there’s still no solution to this. I have different business partners in different locations. It’s impossible to have all locations funneling into one bank account and make this work. I understand you can open multiple Shopify accounts, but what about my online store that’s linked to a specific location? Now I need multiple websites for each location? Have you found any better solutions?
I know, I am in the same situation with one store and 2 locations and this is impossible not to have 2 bank accounts!! Is there an app or something similar to get around it?
I haven’t found anything yet. Only solution I’ve seen that doesn’t involve switching from Shopify to another company would be having all locations flow into one bank account (as they’re forcing us to do) and then on your own writing checks to separate accounts based on what the sales report says for each location. This is obviously annoying and not a perfect system, but it’s the only way I can see doing it.
I have no choice but to switch to Lightspeed for POS. I like Shopify but there’s just no way anyone in business could open multiple locations and have all sales funnel into one bank account. It’s laughable. You’re accounting would be a disaster, there’s no way to tell how much each store is profiting or losing and if you have different business partners in each location…forget it. Imagine having 10 stores. Luckily Lightspeed integrates with Shopify Ecommerce so it’s not a hard switch.
Please let us know if you encounter any unforeseen issues/ shortcomings with Lightspeed integration. Thanks.
We had to use square to operate multiple stores with different bank accounts. Shopify is really doing not much to help with this.