Wise, Stripe and PayPal Accounting in Bulgaria

Key Moments

• 00:00 – Introduction
• 00:17 – Why Payment Platforms Create Accounting Complexity
• 00:33 – How Wise, Stripe and PayPal Should Be Recorded
• 00:51 – Platform Fees and Exchange Rate Differences
• 01:06 – VAT Treatment of Online Payments
• 01:29 – OSS and VAT Reporting Risks
• 01:44 – Reconciliation with Bank Accounts
• 02:10 – Final Compliance Advice

Short Summary

Using Wise, Stripe and PayPal in Bulgarian accounting requires careful recording of revenue, platform fees, settlements and currency differences. These platforms act as payment intermediaries, so transactions should be booked based on the actual sale rather than only the net amount received.

VAT treatment depends on the goods or services sold and the customer’s location, not on the payment platform itself. Regular reconciliation between platform balances and bank accounts is also important for accurate VAT reporting and reliable financial statements.