Record Stripe Transfers and Fees

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Overview

Stripe fees are easiest recorded as a Journal Entry and combined with the successful cash settlements in a transfer as a deposit in Accounting Seed.

The Stripe integration to Accounting Seed supports multi-currency credit card transaction processing. ACH transaction processing is limited to USD.

Important: We currently do not support Strong Customer Authentication (SCA), which is a regulatory requirement in Europe. To view the affected countries listing, click the European Economic Area (EEA) link on this Stripe page.

Find Stripe Fees

To find the fees per transfer in the Stripe website, navigate to Transfers under the Transaction section of the side menu.

Entering the Transfers section provides the ability to see all successful transfers between Stripe and your linked Bank Account.

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Clicking one of these transfers provides the ability to see all payments associated with that transfer, along with the total fees, for example, the -$365.59 fees amount below:

On your Bank Statement, you will see the transfer amount net the Transfer Fees. This is why it is important to create a Journal Entry to smoothly clear the Stripe deposit on your Bank Reconciliation.

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Create a Journal Entry to Record the Stripe Fees

Once you have gathered the Stripe fees total from the Stripe Transfer to your bank, you are ready to create the Journal Entry to record the Stripe fees.

A Credit should be recorded to the Bank Account that Stripe is transferring the payment to for the total fee amount of the transfer and a Debit should be recorded to an expense GL Account for the Stripe fees. Once this step is completed, the final step is to associate this Journal Entry Line that is credited to your Bank Account.

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