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WooPayments: How Bookkeep captures processing fees

Bookkeep can handle accounting for Woocommerce Payments and the associated processing fees are captured

Bookkeep allows you to connect your WooCommerce store for automated journal entry postings. Specifically, we automate the Sales Summary journal entry with WooCommerce.

The Sales Summary journal entry is generated daily on your accounting platform, summarizing the previous day's sales. It captures all sales details, from gross sales to net sales after discounts and refunds. Additionally, it categorizes payments by type, including Stripe, Paypal, gift cards, and now Woocommerce Payments.

Furthermore, this journal entry includes processing fees related to WooCommerce Payments to ensure your expected balance from WooPayments is accurate (example screenshot below). If you have any questions about our WooCommerce accounting automation, feel free to contact us at [email protected].