E-commerce
Reconciling Payouts from Payment Processors
Recording the net cash received after processing fees from Stripe, PayPal, or HyperPay.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 97.00 | - |
| Merchant Processing Fees | Expense (+) | 3.00 | - |
| Sales Revenue | Revenue (+) | - | 100.00 |
💡 Accountant's Note
Never record just the net amount ($97) as revenue. You must record the full $100 sale to keep your tax reporting accurate.
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