Stripe Payouts

Stripe does a monthly payout, but this amount does not correspond logically to any subset of payments. Therefore, the following procedure is set up:

• In Stripe, for the pertinent month download the full report
• Select Reports from left menu (expand the …)
  
• Select Balance Summary
  
• Select pertinent dates
• Download Balance change from activity
• Manually split out donations from book sales and BPCs.
• In Quickbooks, split out the monthly payout in donations, books sales, and subventions (minus fees). The number under donations will be a bit off (since the payout doesn't correspond exactly to the income over the entire month).
• Put in the fees separately as a journal entry set on the first of the previous month:
  DEBIT Stripe Fees
  CREDIT Book Sales/Donations