The proper way would be to include stripe's cut as part of each sales transaction. Income:Sales -$100 Expense:Stripe Fees +$1.50 Asset:Bank +$98.50
The easy way would be to count each sale net of stripe's fees, and the accountant would use stripe's statements to determine gross sales and stripe's cut, and verify net sales match your statements. Income:Sales -$98.50 Asset:Bank +$98.50 On Wed, 27 Nov 2019 at 01:48, Robert Slippey <rwslip...@gmail.com> wrote: > Good evening, > > I'm a small business owner and been in business a few years. I'm sick of > Quickbooks and I'm considering going to GNUCash, mainly to simplify. I > looked at GNUCash many years ago but never looked too deeply at it. > > One consideration I'm concerned about is dealing with processing fees from > the likes of stripe. I don't have an interest in keeping customer data in > GNUcash and will only really use it for accounting. Invoices and payments > are managed by a third party invoicing software (specifically Invoice > Ninja) > > My question is, what best practices for dealing with the processing fees > exist? I receive the funds in the bank after they've removed the fee and I > was thinking just imputing a summary transaction in each month of the total > cost of the months transactions as a simple solution. No need to see any > further details. > > Do you have any further tips for moving over to GNUcash. I'll not I have no > intention of bringing over previous years, we'll be starting fresh with > GNUcash at the beginning of the year. > > Thanks > > Rob > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.