This article outlines the steps for reconciling Stripe QuickBooks Online account while waiting on a dispute. It also provides answers to frequently asked questions.
First, you need to record the dispute and fee.
|Note: Disputes will show up as a negative income (if you dispute and win, this account will no longer be negative).|
When the next deposit occurs (from which the dispute and fee is deducted), the customer will see the following alert banner on the home page. After you see the alert take the following steps:
Lastly, you will need to record the deposit of the won dispute manually:
Now you know how to reconcile Stripe payments.
Here are answers to questions you may have about Stripe dispute reconciling.
To know more about the dispute, please see: Stripe Dispute Process.
It helps you keep your QuickBooks Online as accurate as possible. It also prevents errors in accounting at the end of the year.
It may take up to 75 days to settle if you are challenging the request. You can record the disputed transaction whenever you like, but it's recommended to keep as up to date as possible to avoid big accounting errors down the line.