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Can repayments be automated?
Yes. Repayments can be automated by setting up scheduled payments that help merchants manage financial obligations on time without manual processing.
Why separate business and personal finances?
Separating business and personal finances helps merchants track expenses accurately, simplify accounting and taxes, manage cash flow, and maintain clear financial records.
Separating business and personal finances helps merchants track expenses accurately, simplify accounting and taxes, manage cash flow, and maintain clear financial records.
See lessWhat is a financial statement?
A financial statement is a report that summarizes a business’s financial activity and position, including income, expenses, assets, liabilities, and cash flow.
A financial statement is a report that summarizes a business’s financial activity and position, including income, expenses, assets, liabilities, and cash flow.
See lessCan Balance provide statements?
Yes. Shopify Balance can provide account statements that show transactions, balances, and other account activity.
Yes. Shopify Balance can provide account statements that show transactions, balances, and other account activity.
See lessWhat are vendor payments?
Vendor payments are payments made by a business to suppliers, manufacturers, or service providers for goods or services received.
Vendor payments are payments made by a business to suppliers, manufacturers, or service providers for goods or services received.
See lessWhat is ACH transfer?
An ACH transfer is an electronic bank-to-bank transfer processed through the Automated Clearing House (ACH) network.
An ACH transfer is an electronic bank-to-bank transfer processed through the Automated Clearing House (ACH) network.
See lessCan bills be paid from Balance?
Yes. Bills can be paid from Shopify Balance where the service is available and supported for the merchant's account.
Yes. Bills can be paid from Shopify Balance where the service is available and supported for the merchant’s account.
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