How to register Stripe fee?
Hi QB community! I hope you're all doing well! I come seeking guidance.
I have an invoice for $3,000 and it was paid through Stripe portal. Stripe charges a fee which is paid by the client. The client paid $3,105 in total.
In Stripe portal I see that the fee was for $90.35. The invoice is for $3,000 so there are $14.65 dollars more (this happens with all Stripe payments). Every time a payment is made through Stripe, there are 2 automatic entries created in QB: 1) A JE which amounts to the total paid by the client ($3,105) minus the invoice ($3,000) -in this case $105, and 2) A payment which links the invoice ($3,000) and the recently created JE ($105), in this case for $3,105.
Three months ago I would just register manually: 1) a payment towards an invoice, 2) a JE for the excess amount, and 3) an expense for the Stripe fee (in this case the $90.35 I mention at the beginning). Now that Stripe creates 2 automatic entries (previously described), I doubt whether I should continue registering the Stripe fee as before (but this approach might double the Stripe fee expense, since it's already recorded in the JE created automatically), or if I should make a JE to deduct the $90.35 from the automatically created JE of $105?
Thanks so much for your help and guidance! I really appreciate it!
