š Overview
To ensure your Stripe processing fees are accurately reconciled, DaySmart recommends reviewing the article below. It provides step-by-step guidance on locating and calculating your debit card processing fees with confidence.
š§¾ Stripe report: Payout Reconciliation
Log in to Stripe
On the left column, click Reporting, then Reports
Under Track money movement, click Payout reconciliation
Select the dates you'd like to see (should be same dates as DS report)
Double-check and update your Time zone if needed
Scroll down to Fees; this amount includes merchant processing fees and surcharging fees
š”Pro Tip:
Friday, Saturday, and Sunday transactions are deposited in one payment on the following Monday. Keep this in mind when pulling Stripe reports if weekends are included, as you will need to select all dates in that payout or add up each day individually.
š DaySmart report: Sales Totals and Sales Tax by Range of Days
Select the 3-dot More menu, then Reports
Locate and click on the Sales Totals and Sales Tax by Range of Days
Select the dates you'd like to see (should be the same dates as the Stripe report)
In the Employee field, select All Employees to reconcile reporting
If you are independent contractor and want to check your own sales, select your name from the list instead.
Click Run Report
Scroll down to Surcharging; remember that number
š¢ Surcharging Calculation
Once you have both reports run, use the equation below to find your true processing fees; the remaining number is what you paid in debit card processing fees for the selected time period.
Stripe Payout Reconciliation Fees - Sales Totals and Sales Tax Surcharging Fees = Debit card processing fees paid by the Business
$26.48 - $18.80 = $7.68 in debit card processing fees
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