If Stripe places a rolling reserve on your account, learn how to manage your rolling reserve transactions and processing fees.
If you do not have a rolling reserve with Stripe, follow these steps to track processing fees.
Track Stripe processing fees
- In your Stripe account, download transactions for your chosen timeframe. Perform this task daily, weekly, or monthly, depending on transaction volume.
- In Guesty, create one journal entry for the total of all credit card fees for the same date. Record credit card fees as a debit to PMC and a credit to Cash.
- Create a group transaction that combines your journal entries and the relevant payment transactions from the check register to match your bank statement.
Important:
Always use the same timeframe for both your Stripe report and Guesty records to ensure accurate reconciliation.
