Introduction - Simplify your eCommerce accounting with Open Payout

With open payout, you can quickly reconcile a month's worth of your shop's orders against a single accurate, fully verified Xero Invoice or QuickBooks Journal Entry that Open Payout will create for you.

eCommerce accounting is time consuming

To account for all the sales on an eCommerce shop, you need to reconcile all the payments you receive from each of your customers against each of the orders that your customers made.

If your shop is processing 50 orders a day, you need to match up all 50 orders with each of the 50 payments you received. To be tax compliant you need to be able to explain each and every payment your store receives. To do that each and every payment needs to be reconciled against its matching order.

open payout reconciles all the orders processed by your shop against a single payout

Open Payout creates a single simplified payout for each of your shop's payment gateways containing all the orders paid to that gateway on a daily, weekly or monthly basis.
For Etsy shops Open Payout will create a payout for each of your disbursements.

Instead of reconciling each individual order against each individual payment, you can reconcile your total earnings on Stripe, Paypal or other payment gateway against the single payout that Open Payout creates for you.

Each Payout is a simplified overview of your shop's sales, which makes it easy to get an overview of your Shop's sales, discounts, taxes, returns and shipping. If you want to dive deeper, Open Payout attaches an Excel Workbook audit trail to every Payout which makes it easy to verify every cent or penny your shop earns.