Efficiently Track Your Shopify Fees in Your Spreadsheet
Table of Contents
- Introduction
- Finding Your Subscription Fee
- Understanding Shopify Transaction Fees
- App or Application Fees
- Shipping Fees
- Accessing Your Billing History
- Entering Shopify Monthly Fees into Your Spreadsheet
- Finding Credit Card Processing Fees for Shopify Payments
- Summing Up Transaction Fees
- Recording and Saving Your CSV Files
How to Enter Your Shopify Fees into Your Spreadsheet
In this article, we will guide you through the process of entering your Shopify fees into your Shopify seller spreadsheet or import add-on. Whether you are using the Shopify Seller Spreadsheet or Shopify Import Add-on from Paper and Spark, the steps remain the same. We'll start by understanding the different types of fees you may encounter as a Shopify seller. Then, we'll explore how to find and enter each fee into your spreadsheet.
1. Introduction
Let's begin by familiarizing ourselves with the various fees you may have as a Shopify seller. Understanding these fees will help us navigate the process of entering them into your spreadsheet.
2. Finding Your Subscription Fee
As a Shopify seller, you may have a subscription fee that you pay either monthly or annually, depending on your plan. We'll show you how to locate this fee and enter it into your spreadsheet.
3. Understanding Shopify Transaction Fees
Shopify transaction fees are charged only if you are not using Shopify Payments as your default payment provider. We will explain the difference between transaction fees and credit card processing fees and guide you on how to handle them.
4. App or Application Fees
If you use third-party apps that integrate with Shopify, you may have additional fees associated with them. We'll show you how to identify these fees on your billing statement and enter them into your spreadsheet.
5. Shipping Fees
Shopify offers convenient options for purchasing postage labels directly through their platform. If you choose this option, you will see shipping fees on your billing statement. We'll explain how to find and record these fees.
6. Accessing Your Billing History
In order to find and enter your fees, you'll need to access your billing history. We'll guide you through the steps of locating and downloading your billing statements.
7. Entering Shopify Monthly Fees into Your Spreadsheet
Once you have your billing statement, it's time to enter your Shopify monthly fees into your spreadsheet. We'll demonstrate the process and provide tips for organizing the information.
8. Finding Credit Card Processing Fees for Shopify Payments
Shopify charges credit card processing fees for transactions made using Shopify Payments. We'll show you how to access the relevant information and enter it into your spreadsheet.
9. Summing Up Transaction Fees
To calculate the total transaction fees for a given month, you'll need to sum up the individual fees from your Shopify Payments transactions. We'll explain how to do this using spreadsheet software.
10. Recording and Saving Your CSV Files
Finally, we'll discuss the importance of recording and saving your CSV files for future reference. Keeping a record of your fees will help you maintain accurate financial records.
By following the steps outlined in this article, you'll be able to efficiently enter all your Shopify fees into your spreadsheet, ensuring accurate financial tracking for your business. Let's get started!
Highlights:
- Understand the different types of fees as a Shopify seller
- Learn how to find and enter subscription fees, transaction fees, app fees, and shipping fees
- Access your billing history and download statements
- Enter monthly fees into your spreadsheet
- Find and enter credit card processing fees
- Sum up transaction fees for accurate record-keeping
- Record and save CSV files for future reference
FAQ
Q: Can I use the same process for both the Shopify Seller Spreadsheet and the Shopify Import Add-on?
A: Yes, the steps described in this article are applicable to both the Shopify Seller Spreadsheet and the Shopify Import Add-on.
Q: What if I have additional fees not covered in this article?
A: If you have other fees not mentioned here, enter them in an expense category that makes sense for your business. Keep your spreadsheet organized and maintain a clear record of all fees.
Q: How often should I enter my fees into the spreadsheet?
A: It is recommended to enter your fees on a monthly basis to ensure accurate financial tracking. However, you can choose a frequency that works best for your business's bookkeeping needs.
Q: How do I handle fees from third-party payment providers like PayPal?
A: We have separate instructions for finding PayPal fees, which you can refer to for entering them into your spreadsheet.
Q: Is it necessary to save the CSV files?
A: Saving the CSV files is highly recommended for record-keeping purposes. It allows you to refer back to the original data if needed and provides an additional layer of financial documentation.
