This Bookkeeping issue plagues small business financial statements
Not reconciling credit card transaction fees from providers like Stripe
Why is this an issue?
Stripe is going to report the total of all transactions to the IRS (before their fee)
If you only report the amount after their fees the IRS WILL send you a notice
Do you like receiving IRS notices in your mailbox?
I know I don't
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#CreditCardProcessing #bookkeeping #SmallBusinessTaxes
