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Sezzle Accounting Automation

Sezzle is one of the many emerging "Buy Now, Pay Later" payment platforms revolutionizing the eCommerce space. While these platforms enable seamless payment transactions, your front-end systems (e.g., Shopify, WooCommerce) typically record only the gross sales amounts expected from the payment processor.

With Bookkeep, you can effortlessly connect your Sezzle account to automate daily accounting tasks, such as tracking fees and managing incoming bank deposits. Bookkeep posts each deposit as an individual entry for straightforward bank reconciliation and creates a summarized daily fee entry for each currency, simplifying your accounting workflow.

Automated Journal Entries​

The two journal entry postings we automate on a daily basis with Sezzle are:

  1. Sezzle Fees
  2. Sezzle Deposits

Sezzle Fees​

The Sezzle Fees journal entry is posted to your accounting platform daily, capturing the fees charged by Sezzle.

For example, if you record a $100.00 sale in Shopify and process the payment through Sezzle, your Sezzle Balance (clearing account) will initially reflect $100.00 owed to you. However, the actual payout you receive will be reduced by Sezzle's processing fees for the transaction.

This is where our integration proves invaluable. We create a daily summarized journal entry to record the "Sezzle Fees" deducted from your proceeds, adjusting your Sezzle Balance to accurately reflect the net amount. This ensures precise accounting even if you process hundreds of transactions each day.

See below for an example mapping:

Sezzle fees

note

We also give you the option to map the fees by subcategory such as general fees versus forex fees.

Sezzle Deposits or Settlements​

The second type of journal entry we support for Sezzle is the deposit journal entry.

For Sezzle deposits/settlements, Bookkeep records each deposit as an individual entry, making bank reconciliation simpler and more efficient. Below is an example of how the mapping works:

Sezzle deposit

If you have any questions regarding our Sezzle accounting automation, feel free to contact to [email protected].