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Samchipman
January 17, 2023
Question

Stripe fees not included in income

  • January 17, 2023
  • 1 reply
  • 0 views

When importing incoming credits from my bank account, the Stripe fees have already been deducted from the total. But presumably I need to report these fees as an expense, right?

What's the easiest way of doing this? Do I have to just discard all the Stripe payments from my bank account and import them manually so that the full amount (before fees) shows.

1 reply

A
Ashleigh1
January 17, 2023

 Hello Samchipman,  Thanks for posting on the Community page,  The payments from stripe will be classed as business income, so you will have to record the fees that have been deducted so you can claim/include them as allowable expenses, if you aren't sure you can reach out to an accountant who will be able to advise more on this for you. 

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