I'm trying to determine the most straightforward setup for tracking payments made through Stripe and the subsequent deposit into my income checking account. This uses Stripe's data feed, not Simplifi's invoicing.
For example, this seems the simplest way to avoid manually adding in the Stripe fee somewhere:
Client payment into Stripe +$350.00 | Stripe Receivable
Stripe payout -$291.00 | Stripe Receivable
Checking deposit +$291.00 | Income
That leaves Stripe Receivable accumulating fees, which are ignored, and avoids performing manual transactions to record the actual fee and flow. I'm on a cash basis, using Schedule C.
