Your books could be wrong! Get the guide for setting up QuickBooks Online to properly handle payouts from Stripe, Square, and more.
If you're not handling e-commerce/POS payouts correctly, you’re probably undercounting income and undercounting your business expenses. So if you ever want to get financing or sell your business, it looks like you’re making less than you actually are.
And not counting the fees as an expense means you’re missing out on tax deductions.
But worst of all, you don’t have an accurate picture of how your business is doing financially.