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WooPayments: How Bookkeep Captures Processing Fees

Bookkeep automates your WooCommerce accounting by handling the Sales Summary journal entry and capturing associated processing fees, including those from WooPayments. This ensures accurate and up-to-date financial records in your accounting platform.

WooCommerce Sales Summary​

Bookkeep generates a Sales Summary journal entry daily, posting the previous day's sales to your accounting platform. This entry captures all sales details, including:

  • Gross Sales: Total sales before discounts and refunds.
  • Net Sales: Sales after applying discounts, refunds, and other adjustments.
  • Payment Types: Categorizes payments by method, including Stripe, PayPal, gift cards, and WooPayments.

WooPayments Processing Fees​

The Sales Summary journal entry also includes WooPayments processing fees, ensuring your expected balance from WooPayments is accurate. Bookkeep automatically tracks these fees, allowing for seamless reconciliation and giving you a clear picture of your net revenue.

Example showing how WooPayments processing fees are captured in Bookkeep

If you have any questions about WooPayments accounting automation or how processing fees are captured, feel free to contact us at support@bookkeep.com.