Splitit accounting with file import
Import files from Splitit into KudTax and prepare the data they contain for reconciliation and accounting. You start the import by uploading a file.
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
Export your Splitit file
Download the appropriate export from Splitit. The supported file and fields depend on the import format.
02
Upload the file to KudTax
Upload the export file to KudTax. The Splitit integration processes the data contained in the file.
03
Review the import and matches
Check the imported amounts, dates and references. Add missing documents and review unresolved matches before continuing.
04
Prepare your accounting data
Prepare the imported data for your accounting workflow. Review the posting rules and export file with your accountant.
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.
Clearing entries for review
Uses transit accounts (Geldtransit) so bank statements and payment gateways balance to the cent.
Splitit integration – FAQ
Automate your Splitit accounting today
Explore the workflow in the product tour and check whether your Splitit export matches the supported import format before getting started.
