19/10/2026
Tuesday Top Tip 💡 Your bank account isn’t the only thing that needs reconciling.
If your business accepts payments through platforms such as Square, Stripe or PayPal, those transactions also need to match your bookkeeping records.
Payment platforms can include:
✔️ Customer payments
✔️ Processing fees
✔️ Refunds
✔️ Chargebacks
✔️ Deposits transferred to your bank account
Because the amount deposited into your bank may be different from the original customer payment after fees or adjustments, simply matching the bank deposit may not tell the full story.
Regular reconciliation helps make sure your sales, fees and deposits are being recorded accurately.
📞 (08) 8166 4273
🌐 morellibookkeeping.com.au
📍 Whites Valley, SA 5172