Ask the Accountant…
Question: I have company stores and use Stripe for credit card payments. Is there a way to manage the deposits? There are so many of them.
Answer: Stripe offers an option to specify how often you want the proceeds deposited, so you can record them in batches at the frequency rate you specify such as daily or weekly instead of each transaction depending on what works best for you.
Please email accounting questions you would like considered for the column to [email protected] with the subject line of “Ask the Accountant”.
