on February 29, 2016
by Andy Jones
PennyPipe is excited to keep trucking along. We wanted to bring you a quick update about improvements and features that we keep rolling out.
(1) Shopify handled for QuickBooks
We now support Shopify with QuickBooks. We're very happy to offer this as Shopify is a very popular ecommerce builder. If you'd like to know how much money your Shopify business has made in QuickBooks, we can help. We support orders, fees, taxes, and more.
(2) Better handling of GST tax of income and fees in QuickBooks
PennyPipe can now handle GST taxes with regard to fees in QuickBooks. While calculating GST can be very complicated, QuickBooks helps simplify this. You can now automatically set a GST rate for fees within PennyPipe and we'll carry this into QuickBooks for all the fees which we record as expenses.
(3) Improved mutli-currency support for Stripe accounts
When you accept charges in multiple currencies with Stripe, PennyPipe gets it right. We use the currency of your connected deposit acccount as the currency for transactions within your accounting software. So whether you are sending direct charges to Stripe, or using their invoice and line items, PennyPipe will properly convert any amounts to the amount that your received in your deposit account.
(4) Improved Stripe connect support
We can now ignore charges that are made to your connected Stripe accounts if you so wish. We realized that most Stripe connect customer did not want charges from connected accounts attributed to sales income or otherwise. If you'd like to simply ignore these charges and only apply the charges that are directly attributed to your account, you can now do so with PennyPipe.
As always - you make PennyPipe great. If you have any questions, concerns, or comments, please let us know! You can reach us at firstname.lastname@example.org or 888-404-2904 during US/Eastern business hours. We're here to help you make sense of your payments gateways and accounting software. Reach out - we can help.