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wc46
Level 1

Subsplash and Stripe Donations

We are a church that uses Quickbooks Nonprofit Pro.  We accept donations through cash, checks, Stripe and Subsplash.  The donation is recorded on the Sunday it is received utilizing a Sales Receipt.  Then a deposit is made for each payment category in Undeposited Funds.  The problem is with Stripe and Subsplash.  We record the total donation on the Sunday it is received.  At the end of the month, the processing fee for all donations is entered as an expense.  It is very difficult if not impossible to reconcile because as you know Subsplash transfers payments once a week and includes only those donations where the monies are in the bank.  Stripe, however, transfers whenever the money is in the account.  How do you record Stripe and Subsplash transactions so they align closely with the bank deposits?   

1 Comment 1
BigRedConsulting
Community Champion

Subsplash and Stripe Donations

Record them as sales receipts and then when you get the details of each deposit, record the deposits including just those sales receipts. 

 

Enter the fees transaction as a separate transactions (I think, based on your description). This is very similar to how a standard merchant account service works, where you receive a deposit, usually each day, that includes payments processed, sometimes for different dates based on the daily cutoff time.

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