{"id":281,"date":"2021-06-25T00:00:00","date_gmt":"2021-06-25T00:00:00","guid":{"rendered":"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-payment-sync\/"},"modified":"2025-04-10T15:32:39","modified_gmt":"2025-04-10T15:32:39","slug":"versa-ecommerce-shopify-payment-sync","status":"publish","type":"post","link":"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-payment-sync\/","title":{"rendered":"Versa eCommerce: Shopify Payment Sync"},"content":{"rendered":"<p>Versa eCommerce is built for a modern versatile business that makes managing a <a href=\"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-integration\/\">Shopify<\/a> Store easy. With automatic <a href=\"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-inventory-sync\/\">inventory<\/a>, <a href=\"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-orders-sync\/\">order<\/a> product sync. Let&#8217;s explore Payment Sync<\/p>\n<h2>Shopify &amp; Versa: Payment &amp; Refund Sync<\/h2>\n<h3>I. Payment<\/h3>\n<p><strong>Default payment term to assign for customers created from imported orders: <\/strong>Specify the payment term to assign for new customers created. For instance, a user can specify where to record the payments received on orders for each facility (facility = Location in Shopify).<\/p>\n<p><strong>Record Payment Received In GL Account<\/strong>: Versa uses a cash account to record the payment received in your webstore.\u00a0 You should generally create a separate Asset account (with account subtype set to Cash) in your chart of accounts (General Ledger Menu, Chart of accounts) to store payment recorded in the store. When you have received a deposit from Shopify, you use a GL entry to move the amounts minus any fees to an actual bank account.<\/p>\n<p><strong>Record Paypal Payment Received In GL Account<\/strong>: The payment account to use for Paypal accounts. Can be the same as the <strong>Record Payment Received In GL Account<\/strong>.<\/p>\n<h3>II. Refund<\/h3>\n<p>You need to provide the setting per Facility (Facility = Location in Shopify)<\/p>\n<p>When importing refunds in Shopify, Versa needs to know which account to return the expense and which asset account to refund the money from. Specify both accounts here. If you want to record the refund expense in accounts receivable, turn it on.<\/p>\n<p><strong>Account to Record Return Expense: <\/strong>A user generally selects an expense account for recording such transactions. Choose an expense account to record for the loss of revenue from refunds.<\/p>\n<p><strong>Account for Refund\/Return: <\/strong>For a return by customers, you either give the customer a cash refund or a credit. Choose the account to record the cash refund or credit. Generally, a Cash type of account would be chosen.<\/p>\n<p><strong>Use Account Receivable For Refund:\u00a0<\/strong>If you want to use accounts receivable instead of a cash account to record the refunds. Not recommenced.<\/p>\n<p>Versa eCommerce is Easy, Automatic, and Affordable!<\/p>\n<h3><a href=\"https:\/\/www8.versaclouderp.com\/trial_signup\/personal_step?offer_code=versa_web_shopify20\"><strong>Sign Up for a 14-Day Versa for eCommerce trial and explore our VERSA-tility.<\/strong><\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"Versa eCommerce is built for a modern versatile business that makes managing a Shopify Store easy. With automatic&hellip;","protected":false},"author":2,"featured_media":890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","vcerp_display_header_overlay":false,"vcerp_singular_sidebar":"","vcerp_page_header_type":"","footnotes":""},"categories":[893],"tags":[122,33,20,876,492,418,878,102,58,311,879,185,192],"class_list":{"0":"post-281","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ecommerce-and-omnichannel-integration","8":"tag-affordable","9":"tag-cloud-based-erp","10":"tag-cloud-erp","11":"tag-cloud-erp-for-ecommerce","12":"tag-customization","13":"tag-e-commerce","14":"tag-erp-for-ecommerce","15":"tag-erp-solution","16":"tag-mobility","17":"tag-payment","18":"tag-shopify-erp","19":"tag-small-business","20":"tag-user-friendly","21":"cs-entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Versa eCommerce: Shopify Payment Sync - Versa Cloud ERP - Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-payment-sync\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Versa eCommerce: Shopify Payment Sync - Versa Cloud ERP - Blog\" \/>\n<meta property=\"og:description\" content=\"Versa eCommerce is built for a modern versatile business that makes managing a Shopify Store easy. With automatic&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-payment-sync\/\" \/>\n<meta property=\"og:site_name\" content=\"Versa Cloud ERP - Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/versaclouderp\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-25T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-10T15:32:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.versaclouderp.com\/blog\/wp-content\/uploads\/2024\/11\/versa-cnv-bt-2-15nv-100.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sanjana Gujral\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@versaclouderp\" \/>\n<meta name=\"twitter:site\" content=\"@versaclouderp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sanjana Gujral\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-payment-sync\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-payment-sync\/\"},\"author\":{\"name\":\"Sanjana Gujral\",\"@id\":\"https:\/\/www.versaclouderp.com\/blog\/#\/schema\/person\/0ab2da39b28bdf5f47b2d08ae86841de\"},\"headline\":\"Versa eCommerce: Shopify Payment Sync\",\"datePublished\":\"2021-06-25T00:00:00+00:00\",\"dateModified\":\"2025-04-10T15:32:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-payment-sync\/\"},\"wordCount\":352,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.versaclouderp.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.versaclouderp.com\/blog\/versa-ecommerce-shopify-payment-sync\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.versaclouderp.com\/blog\/wp-content\/uploads\/2024\/11\/versa-cnv-bt-2-15nv-100.jpg\",\"keywords\":[\"affordable\",\"cloud based erp\",\"Cloud ERP\",\"cloud erp for ecommerce\",\"customization\",\"e-commerce\",\"erp for ecommerce\",\"erp solution\",\"mobility\",\"payment\",\"shopify erp\",\"small business\",\"user friendly\"],\"articleSection\":[\"eCommerce &amp; 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