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What is payout reconciliation?
Payout reconciliation is the process of matching payout records with sales transactions and bank deposits to ensure all payments have been received and recorded accurately.
Payout reconciliation is the process of matching payout records with sales transactions and bank deposits to ensure all payments have been received and recorded accurately.
See lessWhy review payouts regularly?
Reviewing payouts regularly helps merchants verify payment accuracy, track cash flow, identify discrepancies, and manage business finances effectively.
Reviewing payouts regularly helps merchants verify payment accuracy, track cash flow, identify discrepancies, and manage business finances effectively.
See lessCan merchants see payout details?
Yes. Merchants can view payout details in Shopify, including payout amounts, dates, and transaction breakdowns.
What is a business expense account?
A business expense account is an account used to pay for and track business-related expenses, helping merchants manage spending and organize financial records.
A business expense account is an account used to pay for and track business-related expenses, helping merchants manage spending and organize financial records.
See lessCan Balance accounts improve budgeting?
Yes. Balance accounts can improve budgeting by helping merchants separate funds, track spending, and manage cash flow more effectively.
What is fraud protection?
Fraud protection is a set of security measures that help detect, prevent, and reduce unauthorized or fraudulent financial transactions and account activity.
Can cards be locked instantly?
Yes. Cards can be locked instantly, allowing merchants to immediately prevent new transactions if a card is lost, stolen, or compromised.