Processor payout
A deposit from Stripe, Square or PayPal that bundles several customer payments minus fees. Matching it empties the clearing account.
In Solo Superstars
The payout arrives as a bank transaction. Alison matches it to the payments it covers and posts the movement from clearing to checking; a payout that does not fit any set of payments waits in review.
Example
A 1,649 deposit matched to payments of 1,164 and 485: debit 1010 Checking 1,649, credit 1310 Stripe Clearing 1,649.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- Stripe payout
- settlement
Related
- Processor clearing — Where a card payment waits between the customer paying and the processor depositing it, net of fees, into your bank. One clearing account per processor.
- Processor fee gross-up — When a bank deposit is net of fees, the app records the full sale and the fee separately instead of a smaller sale.
- Deposit — Money arriving in a bank account. One deposit may cover several customer payments, minus fees, so a deposit is not the same as a payment.
- Auto-match — Alison pairing an imported bank transaction with the invoice payment, bill, transfer or payout it belongs to, by amount, date and payee.