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Here we discuss the journal entry available for WooCommerce
Bookkeep enables you to integrate your WooCommerce store to automate journal entry postings. The journal entry posting we automate with WooCommerce is the Sales Summary.
The Sales Summary journal entry posts to your accounting platform on a daily basis the sales from the prior day. This aims to capture the gross sales down to the net sales including discounts, refunds, etc. Additionally, this journal entry breaks down the payments by tender type such as Stripe, Paypal, gift cards, etc. See below for an example mapping. This journal entry also captures fees that can be added to WooCommerce orders. We have observed these fees as both income and discounts. In some cases, we have observed stores booking discounts in these fee lines in WooCommerce. Additionally, we have observed discounts coming through in the fee lines. We share this to help you understand what the fee line represents.
If you have any questions regarding our WooCommerce journal entry template, feel free to reach out to support@bookkeep.com.