Stripe payouts to Xero
Upload the Stripe payout or settlement report and download two things: a bank-style file of the individual lines, and a payout journal that splits each payout into gross sales, fees, refunds, chargebacks and net so the bank line reconciles in Xero.
- 01/06Gross sales1000.00
- 01/06Stripe fees-29.50
- 02/06Refunds-50.00
- Movements920.50
- Total920.50
- Statement920.50
Where the report is in Stripe
Balance > Payouts > payout detail, exported as CSV or PDF; or the Balance summary report for a period.
How Stripe fees work
Stripe deducts its fee from each charge, so the payout is net of fees. Refunds return the fee only in some cases; PayoutParse reads the printed figures rather than assuming.
Posting it in Xero
Xero's Stripe feed only records fees automatically for invoices paid through Xero. For everything else you post the payout journal yourself; PayoutParse produces it in Xero's manual journal CSV format (Accounting > Manual journals > Import). The journal PayoutParse produces uses Sales, Fees and a bank clearing line per payout; change the account codes in the file to match your chart of accounts before importing.
The check
For each payout, gross less fees less refunds less chargebacks plus adjustments must equal the printed net. If it doesn't, the file is marked needs review and is not charged.
Other software
Stripe to QuickBooks Online, Stripe to Sage Accounting, Stripe to FreeAgent.