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Stripe Feeds

As with bank accounts it is possible for your stripe account to be integrated with Xero to create a direct feed.  The automated service will only start from the day it has been fully set up and activated by both Stripe and Xero, however, it is possible to manually import previous transactions. 


Unfortunately, batch deposits from Stripe are received net of Stripe fees.  This creates an issue as the amount received in the bank does not match the invoice

IFRS 15 and FRS 102 Revenue Recognition, it would be a legal requirement to reflect the Gross Revenue in the financial reports along with reflecting on a separate line, the Direct Costs/Fees that Net off with your revenue.  


We therefore, recommend using a third party provider such as Silver Siphon to import Stripe feeds into Xero.  Or posting monthly manual journals.  

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