NOIR & BLANCO COMMUNITY
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What is sales-based repayment?
Sales-based repayment is a financing repayment method where payments are automatically calculated as a percentage of a business’s sales, so the repayment amount changes based on revenue performance.
Sales-based repayment is a financing repayment method where payments are automatically calculated as a percentage of a business’s sales, so the repayment amount changes based on revenue performance.
See lessCan 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.
See lessWhat 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 less