Reconciling Stripe Transactions

Nathan WilsonNathan Wilson Member Posts: 3
edited October 2019 in Reckon One
Hi All,

I have created a Stripe account and have received my first payment through it.
Details:
Total invoice value: $518
Amount Stripe sent to me: $508.63
Stripe processing fee: $9.37

How do I go about reconciling the payments?
My bank account will only show the $508.63 transaction, how do I tell Reckon One that I have received $518 and then virtually sent $9.37 to Stripe?

Thanks in advance.

Comments

  • ZappyZappy Accredited Partner Posts: 4,428 ✭✭✭
    edited September 2019
    The stripe transactions should be posted to a clearing account initially. You can then write a cheque from the clearing account for the fees and transfer the balance to the bank account so it will match. Call me if this is unclear Kevin 0407744914
  • Nathan WilsonNathan Wilson Member Posts: 3
    edited October 2019
    Thanks Kevin. I'll give that a shot and see how that goes. 
    I'll give you a buzz if I need help.
  • ZappyZappy Accredited Partner Posts: 4,428 ✭✭✭
    edited September 2019
    Happy to help Sir. Have a great Sunday
  • Nathan WilsonNathan Wilson Member Posts: 3
    edited October 2019
    Hi Kevin,
    I was unable to figure this out.
    Any chance you're available sometime this weekend or during next week for a quick chat?
  • ZappyZappy Accredited Partner Posts: 4,428 ✭✭✭
    edited October 2019
    Definitely next week. This weekend I'm running. Let's talk Monday.
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