Journal Entries

Use these settings to define how Stripe transactions should create journal entries in e-conomic. Journal entries can be used to record:

• Customer Payments
• Bank Payouts
• Processing Fees
• Refunds
• Adjustments

​

Journal Entry Preferences

To enable journal entries, turn on Create Journal Entries. Once enabled, configure the required accounts and text fields.

​

What You Need To Configure

​

Customer Payment

Choose:

• Journal Number
• Customer Payment Text

This records the payment made by the customer.

​

Bank Payouts

Choose:

• Payout Account
• Payout Text

This records the money Stripe deposits into your bank account.

​

Processing Fees

Choose:

• Fee Account
• Fee Text

This records the fees Stripe charges for processing payments.

​

Refunds

Choose:

• Refund Account
• Refund Text

This records refunds issued to customers.

​

Adjustments

Choose:

• Adjustment Account
• Adjustment Text

This records any adjustments Stripe makes to your payout amount.

​

How The Process Works

When a Stripe payout occurs:

1. The system creates the relevant journal entries automatically
2. Each transaction type is recorded in the account you selected
3. Each entry includes your chosen text together with transaction-specific information for easier tracking

​

Tips For Success

• Choose clear and separate accounts for each transaction type
• Make sure your e-conomic chart of accounts is ready before configuring this section
• Review the first few automatic entries to confirm everything is recorded correctly
• If needed, confirm the account setup with your accountant or financial advisor