Re:My Stripe Tax Story
by ovao on Thursday March 03, 2022 @12:16AM
(#30537430)
Depending on the process, maybe. I don’t know the landscape of accounting integrations with Stripe, but I probably wouldn’t want to sync a Stripe draft invoice as an open invoice to my accounting app. If there’s no open invoice, there’s no reference in the GL, and there’s nothing to be caught apart from an informal ‘cash flow seems to have taken a hit’.
It’d take both an open invoice and running an A/R aging to catch this one, which isn’t implicit in double-entry accounting.
It’d take both an open invoice and running an A/R aging to catch this one, which isn’t implicit in double-entry accounting.