@QFSupport @QFSteve
Hi
Sorry to edit this and include you Steve but am really struggling here.
I will have hundreds of transactions split probably 80% GBP, 15% Euro & 5% Dollar but as setup now and the only way it can be set up as far as I can see all transactions are recorded in the one account so I end up with Euros/Pounds/Dollars all recorded in the one Stripe account in QuickFile.
Or am I thinking about this from the wrong angle? Thank you.
I have three Stripe currency accounts for my business £ € $ and the monies from Stripe are paid into:
Stripe £ - Revolut £
Stripe € - Revolut €
Stripe $ - Revolut $
On the Stripe feed Screen I have
Deposit payments to and ticked Strip € but there is no choice to add Stripe £ and Stripe $.
I have just opened Strip € in QuickFile and all my Sterling Stripe transactions money received, fees and payments out (Revolut £) have been entered into Stripe € even though they are Sterling transactions?
How do I setup QF so that £ is shown in £ € in € and $ in $? That is how do I set up a feed from each currency?
Thx.
Regards
Michael
Hello @3Unique
To simplify reconciliation it may it is worth considering bulk logging your sales either weekly or monthly. This would involve creating a single sales invoice for all your Stripe income for a weekly or monthly time frame. You can even log an invoice per currency if you need that detail in your accounts.
You would then mark these invoices as paid into a Stripe Holding (bank) account. Then with Revolut tag those payouts as transfers from the Stripe Holding account. Any balance left in that holding account can be tagged to a purchase invoice from Stripe for card processing fees.*
This approach is widely used and avoids a lot of complications involved in reconciling every single transaction.
Hi Steve
Thank you did the message.
I will look at that but not sure it would work for nature of my sales. I will have to look for another solution.
I assume it is not possible to have individual £, €, $ feeds for Stripe like I do for my Revolut £, €, $ accounts. Aldo assume this Stripe not choosing to implement this than Quickfile?
Regards
Michael