How do I process Stripe Billing in my accounts?

Hi Lennert,

I also sell through Stripe. When I receive a payment, I record it in my daily receipts at full value. So, if I sell a product for £100 and Stripe deducts a commission and pays me £99.40, I still record that £100 as daily receipts and mention Stripe. Then I record the invoice I receive from Stripe for the 60 pence as an expense.

I think I'm doing it correctly this way.

Kind regards,

Daisy

Hi Daisy,

Thank you very much for your answer!

I also think that this is the correct way to do it. In the meantime, I have also looked into it and this is the method that came up most often in the answers I found.

Thanks again for your answer!

Kind regards,
Lennert

You're welcome. :-) Good luck!

That's how I do it too, but I send the customer an invoice for the full amount.

I then receive a monthly "Tax Invoice" from Stripe and I book this as an expense.

Only because Stripe is based in Ireland, we have not paid VAT here.

You still have to pay VAT here yourself.
So if you are exempted from VAT, you have to file an exceptional vAT declaration for this.
I don't know if you are subject to VAT, as this is automatic with Dexxter.