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Shopify Markets Pro Accounting

Shopify Markets Pro, powered by Global-e, provides extra features to help merchants expand and enhance their presence in international markets. With Shopify Markets Pro, Global-e acts as the merchant of record, meaning it is legally responsible for selling products to customers and ensuring compliance with local laws and regulations.

Merchants can use the Markets Pro feature to handle shipping logistics and compliance tasks, such as managing customs, duties, and sales tax payments, for customers in different countries.

Payments for Shopify Markets Pro orders have a different payment schedule compared to regular Shopify payments and include extra charges.

When receiving a Markets Pro payout, Bookkeep will identify and process the payout similarly to Shopify Payments. The payout will then be posted into your accounting system for reconciliation with your bank deposit.

Additional Charges in Markets Pro​

  • Taxes
  • Duties
  • Remitted value-added tax (VAT)
  • Shipping costs
  • Shipping label price adjustments
  • Markets Pro processing fee

Below is an example Markets Pro payout aligning with the entry recorded by Bookkeep:

Markets Pro - reconciliation

Orders made through Markets Pro may experience a delay of a few days or even weeks before meeting all of Shopify's criteria for payout inclusion.

In the sales entry, Markets Pro orders appear with a third-party gateway payment method of Flow Commerce as shown below:

Markets Pro - orders

This allows you to map the Flow Commerce payments to your Shopify balance account as these orders should be paid out via your Shopify Payments account.

If you have any questions, please contact [email protected].