QuickBooks Online (QBO) relies on the transactions imported by Stripe and SquareSpace, Anette.
When matching the Stripe fees and SquareSpace transactions to the existing data in QBO, ensure they have the same amounts, dates, and currencies. However, if they don't, you can exclude them to avoid affecting your financial reports.
After that, you can manually track Stripe fees by creating expenses and SquareSpace transactions by entering invoices and receiving their payments.
Before you record an expense transaction for Stripe fees, make sure to add an expense account to track them. Here's how:
- Go to Settings and select Chart of accounts.
- Select New.
- Enter an Account name.
- Select Expenses as the Account type, then the Detail type (for example, Bank charges) from the dropdown.
- (Optional) Add a Description to add extra information about this account.
- Select Save.
Moreover, I'd recommend reconciling your accounts regularly (monthly) to ensure the accuracy of your financial data.
If you have other questions in mind about managing Stripe and SquareSpace transactions, post them below, and I'll make sure to get back to you.
