TikTok Shop payouts to FreeAgent
Upload the TikTok Shop payout or settlement report and download two things: a bank-style file of the individual lines, and a payout journal that splits each payout into gross sales, fees, refunds, chargebacks and net so the bank line reconciles in FreeAgent.
First 5 pages free. No card, no account until you download.
| Description | Account | Debit | Credit |
|---|---|---|---|
| Gross sales | 200 | 1,000.00 | |
| TikTok Shop processing fees | 404 | 29.50 | |
| Refunds | 200 | 50.00 | |
| Net payout to bank | 090 | 920.50 |
Where the report is in TikTok Shop
Finance > Settlements, exported as CSV per statement.
How TikTok Shop fees work
Statements net commission, transaction fees and refunds.
Posting it in FreeAgent
FreeAgent imports a 3 column CSV (date, amount, description). The payout split is provided as a separate journal CSV. The journal PayoutParse produces uses Sales, Fees and a bank clearing line per payout; change the account codes in the file to match your chart of accounts before importing.
The check
For each payout, gross less fees less refunds less chargebacks plus adjustments must equal the printed net. If it doesn't, the file is marked needs review and is not charged.
Other software
TikTok Shop to Xero, TikTok Shop to QuickBooks Online, TikTok Shop to Sage Accounting.