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How to categorize Shopify Capital Financing?
Shopify offers capital to folks who sell via their web site platform. They financed us $1000, and we pay it back which each sale. (We give 13% back to shopify with each sale made via our web site.) How do I categorize the initial $1000 that came from Shopify Capital? And how do I categorize the bit of each sale I make that goes back to Shopify to pay back the initial balance of the financing they provided our small business?
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‎June 6, 2019
5:46 AM