Money Movement in AccountingSuite™️
Service
| Receive Payments (Cash Receipts) | Make Payments (Bill Payments, Payments) | Cost
| Website
| Setup
|
Paypal
| X
| X
| Paypal tx fees only
| | Quick Menu → Settings → Beta Preview
|
ACH
| X
|
| .80%, capped at $5
| | Quick Menu → Settings → Integrations → Stripe
|
Stripe (Credit Card)
| X
|
| 2.9% + .30
| | Quick Menu → Settings → Integrations → Stripe
|
Checkbook.io
|
| X
| $1.00 per check
| | Quick Menu → Settings → Beta Preview
|
Terminology
In AccountingSuite™️ the term payment refers to money movement on the Purchases side - either via a Payment or a Bill Payment (the difference being that Bill Payments have associated Bills while Payments do not). Receipts refer to money coming in from our customers, either as a Cash Receipt from an Invoice or a Cash Sale. AccountingSuite™️ has various ways to move money from within the software that are summarized in the table above. Detailed instructions on the setup and use of these services is below.
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