During the first execution of the automation, Sush.io creates an expense item ‘Stripe Fees’ and a sales item ‘Stripe Sales'’
At last, Sushio creates in Xero a vendor called ‘Stripe Payment Gateway’ and a bank account ’Stripe Balance'.
The charges are created as Invoices in Xero and are paid to the ’Stripe Balance’ bank account.
You can define during the setup whether you want Sush.io to create all your customers coming from Stripe or a single customer for all your charges.
We keep the charge reference in the Invoices.
The Stripe refunds are created as Credit Notes in Xero.
The refund is directly done to the customer in Xero if you chose to synchronize all your Stripe customers.
For each Stripe Fee, we create a Bill and for each Stripe Fee Refunds we create a Credit Note in Xero.
The ID of the charge is kept in the object reference.
The Vendor is Stripe.
The item is the ‘Stripe Fees’ created during the automaton initialization.
We managed both Automatic and Manual transfers coming from Stripe.
If you linked an checking bank account during the Sush.io setup, the Stripe transfers are created from the ‘Stripe Balance’ bank account to the checking account.
From there, it’s just a couple of seconds to automatically reconcile all your Stripe transfers!