Institute of Certified Bookkeepers
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PayPal and Stripe - Does the ATO treat these as normal bank accounts?

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Hey Everyone! 

So I have a client who uses PayPal and Stripe for their online payment processing. They're on cash accounting.

Would it be okay to reconginise when the money from those online processors action hit his bank account? He can tell PayPal and Stripe when to transfer the money.

I know that the ATO does recieve data from places like PayPal, so would they consider that money he's already earnt?

Thanks for your help!

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