Check your knowledge

1.

Why is it important to sync transactions and payouts?

To post the customer payments automatically to the general ledger and bank account ledger

To keep Business Central users up to date with all transactions of each Shopify order

To import the transactions in the payment reconciliation journal and automatically apply to open customer ledger entries

To use the transaction to create sales invoices for paid Shopify orders and sales orders for unpaid Shopify orders

2.

For what do you receive Shopify payout information?

For Shopify orders that are paid by PayPal

For Shopify orders that are fully or partly paid with gift cards

For payments that include tips

For Shopify orders that are paid by Shopify Payment

3.

You want to use an interim account to reconcile the payments from a payment provider. What do you need to set up?

A vendor account for each payment provider for which you want to reconcile payments

A general business posting group for each provider for which you want to reconcile payments

A payment term indicating the time that it takes the payment provider to pay you the money after receiving the Shopify customer payment

A payment method with a balancing account of the type G/L Account of Bank Account

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