Reconciling Stripe Transactions

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  • Question
  • Updated 1 month ago
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.
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Nathan Wilson

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Posted 2 months ago

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Kevin Russell, Accredited Partner

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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
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Nathan Wilson

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Thanks Kevin. I'll give that a shot and see how that goes. 
I'll give you a buzz if I need help.
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Kevin Russell, Accredited Partner

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Happy to help Sir. Have a great Sunday
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Nathan Wilson

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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?
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Kevin Russell, Accredited Partner

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Definitely next week. This weekend I'm running. Let's talk Monday.
(Edited)