Recording on-line sales

Question

I sell products on-line. 
 Once a customer makes a purchase the website sends the money to Stripe (I understand that this is quite normal). Stripe process the payment and take a handling fee. About 1 week later Stripe deposits money into the company bank account. 
 Example: A customer purchase a product for &pound;25. The money leaves their account and I send them the product thus fulfilling the order. The funds have gone into a Stripe account. Stripe remove their portion and transfer the remainder to my company account. Stripe do send me a monthly tax invoice to show how much they took as a processing fee. 
 I need to know how to record that transaction in Sage 50 Cloud. 
 Any advice?

Ken Starnes · Answer

I believe it to be 3 transactions but I'm sure someone will correct me if not. 
 1) Create invoices for each sale at full value 
 2) Bank receipt of said invoices when Stripe pay you and make the invoices paid in full on the date of the Stripe transaction 
 3) Make a Bank Payment to your Stripe Charges nominal account for the amount charged dated the same day as the Bank receipt. 
 
 These last 2 transactions should then equate to the amount Stripe paid into your bank account.

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Recording on-line sales

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