The most successful ecommerce businesses and bookkeepers use well-documented processes. Get your ecommerce bookkeeping ready to scale with our free checklist.

Improvements to Two Types of Shopify Transaction Descriptions
Aug 12, 2020

Improvements to Two Types of Shopify Transaction Descriptions

Home » Blog » Improvements to Two Types of Shopify Transaction Descriptions

Estimated reading time: 1 minutes.

In this release, we have made improvements to the transaction descriptions for two types of Shopify transactions:

  • CurrencyConversionRounding - This is the amount of minor rounding that is sometimes applied in Shopify for orders where the customer is paying in a different currency.

  • DiscountTax - This is the amount of tax reduced due to discounts.

What does this mean for customers with these new transaction types?

If you see the new CurrencyConversionRounding transaction you can account for it as a minor rounding or adjustment in your accounting system.

If you see the new DiscountTax transaction it reflects the separation of gross sales tax from the discount tax so that these two amounts can now be accounted for separately. Many sellers will still account for both these amounts to sales, but for sellers that wish to separate sales from discounts, they can now also separate sales tax and discount tax.

Learn how to manage your Amazon accounting the right way

Amazon accounting can be complex. Between sales tax, different fee types and the sheer volume of transactions, there’s a lot going on. Discover the easy way to manage your Amazon accounting.

Download our free guide

Ecommerce accounting is challenging, A2X makes it easy.

Discover how A2X can automatically take all of your accounting pain away.

Try A2X for Free

Before you leave...

Are you looking to take control of your ecommerce accounting, to ensure that your business is running like a well-oiled machine?

Download our free guide