Accounting services for  Stripe Connect platform
We are seeking an experienced accountant to consult on system design and handle accounting.

Platform Overview:
We operate a Stripe Connect platform based in the USA, functioning as a marketplace similar to Upwork, where clients can hire contractors to provide various services. Our platform facilitates transactions between clients and contractors, ensuring secure payments and efficient handling of fees.
Requirement:
For cross-border payouts, our platform must be the business of record. This means our platform is responsible for managing and recording all financial transactions that occur, as per Stripe’s guidelines (https://docs.stripe.com/connect/cross-border-payouts).

More specifically we want to describe and clarify the following use case

Use Case:

Client and Contractor Interaction:

Clients browse our platform and hire contractors for specific services.
The contractor provides the service directly to the client.

Processes and flows to investigate:
Invoicing and Payment Process:
Platform’s Role and Revenue Recognition:
Accounting Entries:

Responsibilities and Compliance:

Client and Contractor Relationship: The contractual relationship is directly between the client and the contractor. However, our platform handles the financial transactions as the business of record.

Platform Compliance: Our platform must comply with all relevant financial regulations, including tax reporting and anti-money laundering (AML) requirements. Accurate and transparent record-keeping is essential.

Hourly Range: $5.00-$35.00

Posted On: July 30, 2024 12:25 UTC
Category: Full Stack Development
Skills:Accounting, Intuit QuickBooks, Stripe

Country: Greece

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