Tagging Deposits in Stripe Holding Account

How-to
1

My question relates to deposits,we take 30% at time of booking balance to be paid 60 days before arrival. So do i treat the deposit as a seperate transaction and raise a customer invoice for the deposit amount or the full invoice amount? the balance payments may be paid the following year in some cases for future bookings.

so a deposit transaction may look like this,

Booking deposit £900
Fee £12.80
Payout £887.20

2

Hello @HVH2233

It is up to you really, maybe speak to your accountant for advice on which would better suit your company.

You could

  • Raise an invoice for the full amount and part pay it with the deposit element.
    Or
  • Raise 2 invoices one for the deposit and one for the balance.
3

Many Thanks for the reply

4

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