GST in bank rules for Stripe transactions in Australia

#1

Hello,

I have imported transactions from my bank account some of which are amounts sent by my Australian Stripe account.

Goods and Services Tax (GST) for Australia-based businesses : Stripe: Help & Support reads:

For Stripe users in Australia, Goods and Services Tax (GST) is included on Stripe’s payment and dispute fees at the current rate of 10%.

Given this context, is the following the correct way to indicate the same when creating a bank rule?

CleanShot 2020-07-06 at 20.57.26@2x
CleanShot 2020-07-06 at 20.57.26@2x958×932 97.2 KB

Another related question is: Will the text entered in the Description field - Direct Credit STRIPE in this case be literally used or will it also match if there are other strings in that phrase in between the words like Direct 1003247 Credit Jan STRIPE?

#2

Why do you not create a test business and try out various options to see which one works best?

#3

Also, read the Guide: Search for records | Manager.

#4