How to make reconciliations with Stripe and the cash register?
Understanding Stripe Weekly Transfers
Context of Stripe transfers
Stripe makes a weekly transfer which brings together all transactions carried out via the platform, after deduction of commissions. This consolidated payment method helps simplify accounting reconciliation because it combines multiple individual transactions into a single transfer.
Impact on reconciliation in Yoplanning
When reconciling Stripe transactions with Yoplanning Cashier, it is important to understand how these weekly transfers are reflected in your financial records:
Viewing transfers in Stripe: Log in to your Stripe account to view weekly transfer details. There you will find the total amount of transactions, minus the commissions charged by Stripe.
Correspondence in Yoplanning:
Go to the Payments section in Yoplanning.
Compare the total amount of the transfer received from Stripe with the sum of transactions recorded for the same period in Yoplanning.
Tips for better management of Stripe transfers
Post-transfer reconciliation planning: Wait for the Stripe transfer to be completed before performing the reconciliation in Yoplanning. This ensures that all transactions for the week are included.
Documentation and tracking: Keep detailed track of commissions charged by Stripe and any adjustments for each transaction, to ensure full transparency and facilitate future audits.
Resolving discrepancies
Difference Analysis: If the amounts do not match, review each transaction individually to identify discrepancies that may be due to entry errors, unrecorded refunds, or data synchronization issues.
Conclusion
Understanding Stripe's weekly transfers and integrating them into reconciliation with Yoplanning requires careful attention to transaction and commission details. By following these steps and adopting good tracking practices, you can ensure the accuracy of your financial data and optimize your payment management.
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