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Level 1

In QBSelf-employed, Stripe/ PayPal payments come in at net amount. (I do not invoice via QB). How can I recognize the gross revenue and transaction expenses properly?

 
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QuickBooks Team

In QBSelf-employed, Stripe/ PayPal payments come in at net amount. (I do not invoice via QB). How can I recognize the gross revenue and transaction expenses properly?

I appreciate you reaching out to us here today, @hello-megdyoga-c.

 

I have some information about how you can recognize your Stripe/PayPal transactions. You can use the split option to record them properly. Let's go to your transactions tab to see it.

 

Before categorize your transactions, please make sure to have a copy of your actual income and fees from Stripe/PayPal.

 

To categorize:

 

  1. Go to the Transactions tab, then look for the Stripe/PayPal transaction.
  2. Put a mark next to it, then tap the Split tab.
  3. Separate the amount for each Category. You can also Add line for your fees.
  4. Hit Save. See the attached image below.

 

For details, check out these guides:

Also, if you need help with other QBSE tasks, click this link to go to our general topic with articles.

 

Feel free to message me if you still have questions about your transaction expenses. I'll be glad to assist you further. Take care and have a wonderful day ahead.

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