How to reconcile Stripe and the cash register?

Understanding Stripe Transfers

Stripe makes consolidated transfers weekly or daily, depending on your configuration. These transfers group multiple transactions together and automatically deduct Stripe transaction fees and Yoplanning commissions.

Breakdown of amounts paid

1. Gross amount collected: Total transactions before any deduction.

2. Stripe Fees: Commissions applied by Stripe on each transaction (bank fees).

3. Yoplanning Commissions: Service fees applied by Yoplanning.

4. Net amount received: Amount credited to your bank account after deduction of the above fees.

Access transaction details

In Stripe

1. Log in to your Stripe dashboard.

2. Go to the Payments tab to view each individual transaction.

3. In Transfers, find consolidated payments to your bank account.

4. Download a detailed report of transactions and fees applied.

In Yoplanning

1. Go to the Payments section.

2. Check the receipts for the period in question.

3. Compare the total amount with the amount shown in Stripe.

Explanation of the differences in amounts

The difference between the amount paid by the end customer and the amount received in your bank account corresponds to the bank fees applied by Stripe.

• If you are not subject to VAT, the entire difference may be charged as bank charges.

• If you require an invoice for these fees, you can request one from Yoplanning. An invoice will be generated on the date of your request.

Best practices for effective reconciliation

1. Perform regular reconciliation (weekly or monthly) to avoid the accumulation of discrepancies.

2. Always download Stripe statements to track fees applied.

3. Compare transactions with bank reports to avoid accounting errors.

4. Contact Yoplanning or Stripe support in case of unexplained discrepancies.

By following these steps, you will be able to accurately track payments and commissions and avoid discrepancies in your accounting.