Disclaimer: You should get tax advice from your accountant or tax adviser. These instructions are for technical configuration of A2X.
In this tutorial we will demonstrate how to account for your sales paid through Shopify’s many other payment gateways into Xero. We will be focusing on PayPal, however you can apply the same guidance for other gateways.
We will demonstrate two different options, both of them use a clearing account to reconcile the sales.
Method 1 - suitable for those that have PayPal connected as a bank account in Xero
Method 2 - Suited to those that don't have PayPal connected to Xero and instead rely on the deposits coming into the general bank account via PayPal transfers.
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