Payment platforms and payouts

Stripe, Square, PayPal, Venmo Business, Shopify Payments and Amazon Pay payouts imported with their gross, fee, refund and net split, so the deposit matches the bank.

Banking → Payment Platforms.

A processor does not deposit what your customers paid. It deposits a batch, less its fees and refunds — and recording that one figure as revenue is the commonest way an online business overstates income and leaves the bank unreconciled.

Setting up a platform. Connect on a platform's card saves where its payouts post: the deposit bank account, the fee expense account and the income account for gross sales. It does not log in to the platform.

Importing payouts. Import payouts, paste the payout data, then Post. Each payout must add up — gross less fees less refunds equals net — or it is rejected.

Each payout is split into its parts. Gross sales are credited to income, fees go to the fee account, refunds to sales returns, and the net to the bank. When a bank line for the exact net amount is waiting for review in that account, within a few days of the payout, it is matched automatically; otherwise match it in the review queue.

Fees become a visible expense rather than a silent haircut on revenue — the page shows gross processed, processing fees, the blended rate and net received.

Payouts carry their platform reference, so the same batch is never imported twice; repeats are reported as duplicates skipped. Platforms covered: Stripe, Square, PayPal, Venmo Business, Shopify Payments and Amazon Pay.