SumUp payouts to Sage Accounting
Upload the SumUp 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 Sage Accounting.
First 5 pages free. No card, no account until you download.
| Description | Account | Debit | Credit |
|---|---|---|---|
| Gross sales | 200 | 1,000.00 | |
| SumUp processing fees | 404 | 29.50 | |
| Refunds | 200 | 50.00 | |
| Net payout to bank | 090 | 920.50 |
Where the report is in SumUp
Payouts report and monthly statement from the SumUp dashboard (PDF or CSV).
How SumUp fees work
SumUp deducts a per-transaction fee; payouts are daily or weekly and net of fees.
Posting it in Sage Accounting
Sage imports Date, Reference, Details, Net Amount and Type. The payout split is provided as a separate journal CSV. 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
SumUp to Xero, SumUp to QuickBooks Online, SumUp to FreeAgent.