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Paddle sells your software. Sumly books the payout.

Paddle sells to your customers as the merchant of record, then pays you what's left after tax, fees and refunds. Connect it and Sumly books your income, Paddle's fees and the refunds on lines of their own.

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  • Sales, fees and refunds apart
  • A VAT code on every line
  • Payouts matched to your bank

What it brings into your books.

Your customers buy from Paddle, and Paddle pays your company later. Sumly records each step in between, so you can trace a payout back to the sales behind it.

  • Your sales through Paddle, booked as income with the right VAT code.
  • Paddle's fees as a cost of their own in Bank & Card Fees, so your income shows the full amount.
  • Refunds, reversing the income they belong to on the VAT code the sale had.
  • Money Paddle is holding for you, kept in a payment provider clearing account until the payout.
  • Each payout, matched to the line it arrives on in your bank feed. Sumly suggests the match and you approve it.

How to connect it.

Start with the bank, so the first payout has a line to match.

  1. Connect your payout account

    Add the account Paddle pays into on the Bank accounts page.

  2. Connect Paddle

    Link your Paddle account to your Sumly company. You do this once.

  3. Look over the first period

    Check the sales, fees and refunds Sumly books from Paddle, and the VAT code on each.

  4. Approve each payout

    When a payout lands, Sumly suggests it on the bank line. Click Approve and the clearing account comes down by the same amount.

Where it shows up.

Paddle and Sumly: questions

Paddle does. It sells to your customers as the merchant of record, so it charges the tax on those sales and pays it over. Your books hold your company's side, which is your income from Paddle, its fees, any refunds and the payouts.

Paddle keeps the tax it charged, its fee and any refunds before it pays you. Sumly books your income, the fee and the refunds apart, so you can see each one. The payout itself is only money moving to your bank.

Yes. A dollar amount converts to euro at the ECB reference rate for its date. A dollar account at your bank stays a dollar account in Sumly, and its payouts match in dollars.

No. Sumly finds the bank line a payout arrived on and suggests it. Nothing is recorded until you click Approve.

No. Connect both and they write to the same books. Each keeps its own payouts, and each payout matches its own bank line.

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Try it on your own books.

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