5/29/2023 0 Comments Shopify clearing account![]() When configuring your mapping for sales, in some countries or jurisdictions you will configure a tax rate on sales (for example 20% VAT on income, or 10% GST on sales) where in countries like USA, you will likely select 'no tax' on the sale amounts as the sales tax collected is handled in the tax section below. ProductSalesNotTaxed - This is revenue from the sales of goods or services where no tax was charged (for example zero rated or exempt sales) ProductSalesExcludingTax - This is revenue from the sales of goods or services ProductSales - This is revenue from the sales of goods or services ![]() In this article we'll explain the various types of transactions you see in A2X and what they mean. We recommend consulting with an accountant or financial adviser on this, to ensure what you have configured is right for your business. These mappings will differ depending on the type of business you operate, which countries and tax jurisdictions you operate in and the sort of financial reporting you need to manage your business. In order to do that, A2X needs to know how you want to map the transactions in Shopify into the accounting ledger - this is done on the Accounts and Taxes mapping page. ![]() A2X imports the order and transaction data from Shopify and maps it into accounting transactions in your accounting system.
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