So quickfile has integration with stripe - so when I create an invoice, customer then pays via stripe. When payment is complete, Stripe then communicates with quickfile and quickfile helpfully marks it as paid.
I then move my funds from stripe to my bank account, then as normal procedure, every month i import my bank statement into quickfile.
However, quickfile sees the payment from stripe. What do I tag it as? I can’t assign it as payment to a particular invoice because it’s already been tagged.
Essentially there are 3 parts to a payment through a merchant account:
The full payment coming into the merchant from your client - tagged to the invoice
The fee taken by the merchant - tagged as a supplier invoice
The balance paid out to you - tagged as a transfer between accounts
You would therefore have 3 transactions representing this - the first 2 in the merchant account itself, and the last one in your current account (or wherever the funds are deposited).