Splitit + KudTax
Connect Splitit to KudTax to clear open items automatically – split net payouts, transaction fees and multi-currency conversions into clean DATEV journal entries.
Splitit splits a purchase into instalments without extending new credit to the customer: it uses the existing limit on their card, drawn down step by step. In accounting terms that is therefore not a financing arrangement with a third party but a series of card charges arising from one sale — and that distinction determines what the receivable runs against.
How Splitit works with KudTax
01
Connect Splitit account
Connect your Splitit 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 Splitit 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 Splitit
- Where the export lives
- Splitit merchant portal → Reports → export the transaction and settlement report
- What the portal calls the file
- Transaction and settlement report
- Formats
- CSV
Line-item types recognised
- Sales with an instalment plan
- Individual charges per instalment
- Merchant charges
- Cancellations and refunds
- Payouts
What to watch for with Splitit
One sale, many charges
A sale over twelve instalments produces twelve card charges but only one sale, arising on delivery. Book each instalment as its own revenue and year end shows a multiple of the actual turnover, with the VAT following the error.
An authorisation is not a receipt
At the start the card limit is reserved for the full amount. That reservation is not money received and must not be booked as such, or a receipt sits in the numbers with no matching credit on the account for months.
Why connect Splitit 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.
Splitit integration – FAQ
On delivery, in full — the individual instalments are payment events, not revenue.
As a receivable, so the sale sits in the period it actually took place 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 Splitit accounting today
Join the online sellers who let KudTax handle the numbers. Create a free account and connect Splitit in minutes.
