SaaS
New Monthly Subscription — Card via Stripe
Recording a new subscription collected through Stripe, net of processing fee.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank (Net) | Asset (+) | 96.10 | - |
| Payment Processing Fees (Stripe) | Expense (+) | 2.90 | - |
| Subscription Revenue | Revenue (+) | - | 99.00 |
💡 Accountant's Note
Always record gross revenue ($99) and the Stripe fee ($2.90) separately. Recording only the net amount ($96.10) understates revenue and distorts the gross margin percentage.
Professional Excel Template
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QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.