American Express + KudTax
Connect American Express to KudTax to clear open items automatically – split net payouts, transaction fees and multi-currency conversions into clean DATEV journal entries.
American Express settles differently from ordinary card acquiring: the discount rate is higher, the payout follows its own rhythm, and settlement is frequently a gross credit with a separate charge invoice rather than a net transfer. That is what makes reconciliation distinctive — the bank receipt equals neither turnover nor turnover less fee.
How American Express works with KudTax
01
Connect American Express account
Connect your American Express account safely via OAuth or restricted API key.
02
Import payouts & fee logs
KudTax automatically fetches payout batches, individual transactions, processing fees and currency conversions.
03
Automated clearing & matching
Clears open invoice balances against American Express payout batches while booking processing fees to separate expense accounts.
04
DATEV & bank reconciliation
Outputs audit-ready financial entries linking bank deposits, payout accounts and fee receipts.
What KudTax reads from American Express
- Where the export lives
- American Express @ Work or the merchant portal → Statements → export the transaction and fee overview
- What the portal calls the file
- Merchant statement
- Formats
- CSVPDF
Line-item types recognised
- Card turnover per transaction
- Discount rate and service fees
- Refunds
- Chargebacks
- Payouts
What to watch for with American Express
Paid gross, charged separately
Where turnover is credited gross and the charge billed on its own invoice, those are two movements on the account. Netting them loses the input VAT from the charge invoice — which at a higher discount rate is material in amount too.
A settlement rhythm of its own
The settlement cycle regularly differs from other card acquirers'. At month end a holding of unsettled card turnover therefore remains, which belongs on the balance sheet as a receivable rather than appearing only when it lands the following month.
Why connect American Express with KudTax
Fee & gross separation
Separates payment processing fees into expense accounts so P&L and tax bases stay exact.
Automatic open item clearing
Matches bundled payout batches to individual customer invoices automatically.
Multi-currency conversions
Accurately calculates exchange rates and posting amounts for foreign currency payouts.
GoBD bank-transit booking
Uses transit accounts (Geldtransit) so bank statements and payment gateways balance to the cent.
American Express integration – FAQ
Yes, as its own expense with input VAT rather than netted against turnover.
As a receivable against the acquirer, so the turnover sits in the period it arose in.
Yes. Fees are recognized as separate expense lines so your P&L statement remains accurate.
KudTax unbundles payout transfers and clears individual customer invoices line-by-line.
Automate your American Express accounting today
Join the online sellers who let KudTax handle the numbers. Create a free account and connect American Express in minutes.
