How to Reconcile Stripe Payouts in Tally Prime

Stripe is widely used by SaaS companies, subscription platforms, and international sellers in India. Unlike domestic gateways, Stripe settlements often involve multi-currency transactions, making Tally reconciliation more nuanced.

This guide covers how to set up Tally Prime for Stripe payouts, handle USD-INR conversion, and ensure GST compliance on processing fees.

1. Understanding Stripe's Fee Structure

Stripe charges a flat rate per transaction (e.g., 2% + ₹2 for domestic cards) plus 18% GST on the fee. International card transactions carry additional cross-border fees. The net payout to your bank is always less than the gross customer payment.

For Indian businesses, Stripe issues a tax invoice monthly for its fees, which means you can claim Input Tax Credit (ITC) for the GST charged on those fees.

2. Enabling Multi-Currency in Tally Prime

If you collect payments in USD or other foreign currencies:

1. Go to Gateway of Tally > Alter > Currency and create US Dollar (USD).
2. Set the Standard Rate and Selling Rate to the RBI reference rate for the transaction date.
3. When recording invoices in USD, Tally will automatically calculate the INR equivalent and track forex gain/loss at settlement.

3. Clearing Account Workflow

Create a Stripe Clearing Account under Current Assets. Record all gross sales receipts (in INR or INR-equivalent) against this account. When the net bank settlement arrives:

4. Monthly Reconciliation Checklist

• Download the Stripe Dashboard → Payouts → CSV Export for the month.
• Match each payout line with the corresponding journal entry in Tally.
• Verify the Stripe clearing account balance is zero at month end.
• Book the Stripe monthly tax invoice to claim ITC under GSTR-2B.