Accounts

Accounts section of order import settings

The accounts section of order import settings allows you to configure the following:

1. Account Receivable: This dropdown allows you to select the AR type of account to be assigned to the customer created for the Shopify orders in Xoro.

2. Payment Account: This dropdown allows you to select the account used to capture payments associated with all the Shopify sales.

3. Liability Account: This dropdown allows you to select a liability account that will be used to sync with payments from Shopify sales. When a deposit is taken, the liability is increased in this account. Once that deposit is applied to the respective invoice, the liability is decreased.

4. Refund Offset Account: When you're accepting payments in foreign currencies, there might be scenarios when the exchange rate changes between accepting the payment and issuing a refund. This dropdown allows you to choose an account where that refund offset is tracked. It is an optional field.

5. Shipping Expense: This dropdown allows you to choose an account to track shipment expenses.