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In this video, we will go over a way to enter Shopify Sales (and Payments, Sales Tax Collected, etc.) into QuickBooks Online. The overview of this method is we will be using a Journal Entry Template to enter these Shopify numbers into QuickBooks Online at any interval you want, most commonly once per month in order to capture the Shopify Sales in QBO for the entire prior month. The reason this works is this Journal Entry will use Clearing Holding Accounts to put the Shopify Undeposited Funds into. This is what allows us to enter these sales in any interval we want because no bank account numbers are being affected, which in turn means we are not messing up the Monthly Bank Reconciliation process. This is the method that I personally prefer and use for all of my Shopify / QBO clients as it's hard to beat the flexibility of this entry method. The setup is a little extensive, I hope this video helps clear things up. However, once you have this workflow all set up, entering your Shopify Sales into QuickBooks Online for the entire month can be completed in a matter of minutes. Link to schedule a one-on-one Zoom video 1 hour training session with Gunnar: https://calendly.com/essentially-inte... Thank you for watching my videos. My name is Gunnar Harris and I am the owner of Essentially Intentional, LLC. I provide fully outsourced monthly bookkeeping and accounting & bookkeeping training for small business owners. One of the best ways that you can help me is by signing up for my email newsletter so that I can reach you directly with free training resources without having to rely on social media algorithms. You will immediately receive free access to download the following training materials: Small Business Foundation eBook Daily Sales Accounts Checklist 1 Hour Webinar “The Quick about QuickBooks Online” Once signed up, you will periodically receive: Free training resources sent directly to you Updates on new ecourse progress/release dates Temporary discount codes only sent to email subscribers Updates on my journey of completing my “Life Goals List” If interested, click the link below: https://www.essentially-intentional.c... Link to schedule a one-on-one Zoom video 1 hour training session with Gunnar: https://calendly.com/essentially-inte... I also briefly mentioned in this video my extensive bookkeeping online course offering. If interested in checking this out, then click on the course page link below: https://www.essentially-intentional.c... Thank You! 0:00 Intro 3:35 Finding Needed Reports 6:20 Entering Needed Chart of Account Accounts 14:05 Creating the Journal Entry Template 29:10 Creating the Checklist & Entering the Sales 43:50 Discussing the "Backend" of this Workflow 48:25 Introducing COGS into this Workflow 52:20 Conclusion