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Reconciling Stripe deposits with QuickBooks online
Reconciling Stripe deposits with QuickBooks online
Caroline Pelletier avatar
Written by Caroline Pelletier
Updated over 2 months ago

If you're integrated with QuickBooks online accounting system and use Plannit Pay online payments, you'll be able to see all deposits net of charges that have been made into your bank account, which is linked to your QuickBooks online.

To ensure that the correct deposit amounts are applied against your accounts receivable, it's important for you to enter the fees associated with the online payment platform Stripe in your QuickBooks online.

Here are the steps to follow:

  1. Identify deposits in your QuickBooks transactions that originate from the Stripe payment platform and need to be broken down.

  2. In your Plannit account, select Plannit Pay Payouts Reconciliation Report for the period

  3. In the Plannit report, identify the charges attached to a deposit so that you can enter them correctly in QuickBooks

  4. Return to Operations and click on the deposit in order to allocate the right amounts to the right accounts.

  5. In QuickBooks, click on Split

  6. Enter the correct breakdown between Stripe charges and account receivable as shown in the Plannit report.

  7. Repeat steps 4-5-6 for each Stripe deposit.

Please note that it is still possible to use your Stripe account to identify the charges attached to each deposit instead of using Plannit Pay Payouts Reconciliation Report

Here's what you'll find in your Stripe account:

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