Shopify Balance Adds Sales Tax Set-Aside Feature

Shopify Balance now lets merchants set aside sales tax in a dedicated account for better cashflow management and tax preparation.

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On September 14, 2023, Shopify released a feature allowing users to set aside sales tax on Shopify Balance. This enables merchants to automatically save sales tax in a dedicated Balance account, which helps in improving cashflow management and ensuring funds are available for tax filing season.

→ Read the full update on changelog.shopify.com

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