These funds are monies for a youth event, they are not contributions.
I have debited the 01 fund account and credited the Youth Event Income account. When I ran a balance sheet, it showed the correct amount in the youth income account, so I think I've done it correctly.
Search found 2 matches
- Tue Jan 16, 2024 9:30 am
- Forum: Accounting
- Topic: How do I account for income coming from Stripe
- Replies: 3
- Views: 3018
- Thu Jan 11, 2024 11:34 am
- Forum: Accounting
- Topic: How do I account for income coming from Stripe
- Replies: 3
- Views: 3018
How do I account for income coming from Stripe
We haven't used a company to accept payments before. Stripe will collect money online and deposit it to our bank account as funds are received. Do you know how I will account for this? We are using it for Youth. We only have 1 bank account that everything uses. I have a youth income 4880-000 Youth e...