# Understanding your monthly tax invoice

Your monthly tax invoice displays the fees and the taxes on Stripe fees that Stripe applies to your account based on your transaction history. These are included on tax invoices based on when the [balance transaction](https://docs.stripe.com/reports/balance-transaction-types) was [created](https://docs.stripe.com/api/balance_transactions/object?api-version=2025-08-27.preview#balance_transaction_object-created). Stripe uses the UTC timezone to determine which balance transactions should be included in tax invoices.
You can view the list of balance transactions that relates to the amount shown on the Tax Invoice by downloading your [Balance Summary Report](https://stripe.com/docs/reports/balance) or the [Fees Report](https://docs.stripe.com/reports/all-fees) the from the Dashboard.
Starting with the August 2026 Tax Invoice, we are gradually updating how fees are logged on Tax Invoices for Stripe fees. For more information on this change, see August 2026 updates to Tax Invoice for Stripe fees.
### Tax Invoice Reconciliation with Fees Report
Navigate to the [Fees Report](https://docs.stripe.com/reports/all-fees) and select the "Date" filter, then choose "Invoice." This will automatically populate the report with only the fees included in the selected month's invoice, making reconciliation quick and easy.
### Tax Invoice Reconciliation with Balance Summary Report
[Starting with the August 2026 Tax Invoice, we are gradually updating how fees are logged on Tax Invoices for Stripe fees](https://docs.stripe.com/reports/all-fees).
To adapt to this change, users who previously relied on the Balance Summary Report for Tax invoice reconciliation will need to update their workflow. For more information on this change, see Reconciliation process update due to Tax Invoice transition.
To enhance the accuracy of reconciliation results, set the Balance Summary Report's time zone to UTC. Export the "Balance change from activity summary" section of the report in itemised report format.
_**Created**_ column of the exported data shows the date when the transaction is created. For example, in the sample report below, only the items that have a _**Created**_ date in May would be included in a May 2022 tax invoice. The  _**fee**_ column represents the fees that appear in the tax invoice and the Balance Summary Report.
Example of itemised report
Because monthly tax invoices include balance transactions based on the _**Created**_ date, adjustments to Stripe fees for refunds or true-ups may be included in one month’s tax invoice but refer to payments processed in the previous month.
For example, the _**dispute**_ or _**other\_adjustment**_ cells in the table above occur in May and will be included in May’s tax invoice, but might refer to activity from a previous month, like a dispute or adjustment from April.
This report may also include the following fee types, which will not appear on the Stripe tax invoice and will need to be manually excluded:
* Fees charged by your Connect Platforms
* Passthrough fees that may apply when using certain payment methods