I run a cleaning agency and we use stripe payments to process payments. Stripe payments take 1.4% + 20p per transaction out of our revenue before it sends it to our bank - we need someone to complete our books on an on-going basis - currently completing around 350 cleans (350 transactions) and add the stripe fees into the bank as an expense.
1. Funds are charged on stripe and are sent to our holding account
2. Money is sent to cleaners (sub contractors) from the holding account and the remainder of the balance is sent to our business account
3. Stripe fees need to be added into our business account
Example of workflow which needs to be shown on XERO....
£100.00 clean completed, the payment is processed and the payment takes 7 days to reach our holding bank.
Stripe fee of 1.4% + 20p deducted from £100.00
We receive £98.40 in holding account (£100 less £1.6 stripe fee) We pay cleaner e.g: Say £60.00 (example varies) from holding account.
Remainer = £38.40 - this gets transferred to our business bills account from holding account.
£1.60 stripe fee gets re added into the Business bills account xero to make it all balance with the amount of revenue that we have actually taken.
If someone if willing to reconcile all of this on a regular basis for two banks (holding bank / business bank)
Bu iş için 33 freelancer ortalamada £10/saat teklif veriyor
Combined twenty years of accounting, analytical and project management experience (as qualified accountant) Enthusiastic, proactive and accomplished successful roles within the financial services sector.