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Shop Cash & Shopify Collective Updates
Shop Cash & Shopify Collective Updates

How to see and utilize these changes

Kathy avatar
Written by Kathy
Updated over 5 months ago

Core Application/ERP SubLedger Customers

Shop Cash Campaign Debit Payments

We've enhanced the granularity of your Cash Receipt journal entries with a dedicated line item for Shop Cash Campaign Debits. This update allows for more precise financial tracking, with most customers mapping these transactions to marketing expenses in their Chart of Accounts.

  • In the example above, the Shop Cash Campaign Debit is shown as an Advertising Fee of $25. You can now see this detailed breakout, where your customer used an $11 Shop Cash Credit, on which $0.24 of fees were charged. The resulting Shop Cash portion of this transaction nets to a payout of $14.24.

Shopify Collective Payments

Two new separate line items have been added to your Cash Receipt journal entries:

  1. Supplier Payments:

    • Tracks records remittances to other Shopify vendors for selling their items on your site

    • Typically mapped to COGS accounts in Chart of Accounts

    • Clearly identifiable as "Shopify Collective Supplier Payment" in the description

  2. Retailer Payments

    • Tracks incoming payments from vendors who sold your products on their Shopify stores

    • Usually mapped against Accounts Receivable

    • Clearly identifiable as "Shopify Collective Retailer Payment" in the description (column all the way to the right in the screenshot below)

    • Note: You may notice duplicate manual transactions recorded by Shopify that should be removed

NetSuite Deposit Reconciliation Customers

The above changes are automatically reflected in your deposit reconciliation workflow, providing improved transaction visibility and easier reconciliation. If you haven’t already, you’ll need to update your COA mapping in the Configuration menu before pushing payments for these payment processors.

Key Notes

  • All changes are live in the application

  • Updates have been applied retroactively

  • Customers will only need to update COA mapping for booking transactions correctly

Additional Resources

For general information about these features from Shopify, please visit:

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