![]() You may be tempted to manage your e-commerce sales by booking transactions to an “undeposited funds” account. A clearing account is no different than a bank account within your accounting program. As a best accounting practice, you'll want to use clearing accounts within your accounting program to manage your sales transactions. They act like any other bank account for your business. In almost all cases, each payment provider will maintain a balance of funds on their platform for your products/shop. > Learn more about duplicates & selling with multiple payment providers Configure QBO Introduction to Clearing Accounts ![]() In this case, you will need a Transform in order to mark and de-duplicate those sales transactions. In this case, your connected PayPal account will bring in your payment processing fees as well as sales that will also exist within the connected Shopify account. For Shopify transactions paid using PayPal, Greenback will not have the payment processing fees unless you also connect your PayPal account. If you manage a Shopify store and support payments via Shopify Payments and PayPal, Greenback will fetch sales and sales related expenses on your sales for those transactions paid using Shopify Payments. If you rely on third party payment providers, be sure to connect those accounts as well. Squarespace sellers rely on third party payment providers to process payments within their Squarespace store. Once completed, you'll be redirected back to Greenback. You are redirected to QuickBooks and instructed to authorize Greenback to connect to your account.
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