How to Connect Stripe to QuickBooks

Some decades back, pen and paper were the only things used to store data and large rooms were allocated for stashing ledgers when it comes to accounting. Years rolled on and after the computer was born, we relied on the keyboard for accounting. As a further improvement, we gained access to accounting software which made the work easier. But now, we live in a digital world entrenched with automation. We present you with an application that will allow you to automate your accounting even without a single click after the setup.

Sounds interesting?

Read further to know how to connect QuickBooks to Stripe.

Importing Stripe Transactions into QuickBooks Online

It might be obvious that both Stripe and QuickBooks seem exemplary, possessing numerous gears to ease the way you handle business and accounting. But the fact is that there is a gap, existing between Stripe and QuickBooks, which consumes your working hours and energy.

Stripe usually has all your transaction details, invoices, fee along with the information of the date and time of your transactions. Whereas QuickBooks is capable of providing the accounting and relative process efficiently. But there is no link between Stripe and QuickBooks as of now.

Stripe is incapable of sliding its data to QuickBooks on its own. The disadvantage with QuickBooks is that it will start the accounting only when it has the values or transactions. Then how could the date be communicated from Stripe to QuickBooks?

The only way of doing it is by manually admitting the transactions and other details from Stripe into QuickBooks, but that method of combining both is an arduous task. Because you would be entering each and every digit of the transaction details to QuickBooks by checking the date that you have from Stripe.

More manpower and hours of work would be necessary for you to complete this work. This process engulfs a vast amount of your time and energy. Moreover, the process itself is vulnerable to errors and the accuracy and reliability of your reports will be questionable. Chances are there for a greater mess to your accounting at the time of financial closings.

How to Connect Stripe and QuickBooks?

There is a lot of irritation in feeding the payment data to QuickBooks manually. But there is a chance to integrate QuickBooks and Stripe which will save you from tiring hours of data entry.

An application called PayTraQer is well versed in bridging the gap between Stripe and QuickBooks. It is a wonderful automation tool that syncs your fees, sales and expense data explicitly from Stripe to QuickBooks.

The general pace with which manual data entry is carried out is 8000 keystrokes per hour. Hence it takes around 15 hours to enter 300 transactions. Whereas, you could save those 15 hours of work each week by simply integrating Stripe with QuickBooks Online. As additional merit, there will not be a single error found.

Unlike appointing a person to type data manually, you can have the numbers fed into QuickBooks automatically using Stripe integration with QuickBooks. With QuickBooks Stripe integration, not even a single penny would be left unnoticed and stay out of the records, thereby accounting doesn’t feel like a mundane task anymore.

Installing PayTraQer

To get started, you have to connect QuickBooks to Stripe with the PayTraQer automation tool.

Observe these steps to connect QuickBooks to Stripe.

Step 1: Log in to your QuickBooks Online account.

Step 2: Go to the Intuit App Store.

Step 3: Type ‘PayTraQer’ in the search bar. You will be reaching the PayTraQer app page.

Step 4: Click the ‘Get App Now’ button. You will be led to the PayTraQer page.

Step 5: Now, connect to your payment system by choosing Stripe among Stripe, Stripe and Square.

Step 6: Log in to your payment system and integrate QuickBooks with Stripe.

Step 7: Configure your setting and make appropriate changes to the minimalistic Settings according to your needs and preference.

Step 8: Once you are done with the setup and the connection is established, you can have access over the advanced settings.

Step 9: Make your preferences and fill up the required fields before you click ‘Save’.

Importing Previous Stripe Transactions to QuickBooks Online

Once you are in the PayTraQer dashboard, you can find that your historical transactions for the last 60 days are automatically stored by PayTraQer. Not only the last 60 days, if you want to record your older transactions, can you be able to import any historical transactions from your Stripe account as far back as needed.

With just a click, you can be able to import all the historic transactions recorded in PayTraQer to QuickBooks Online. Let us show you how.

You have the access to check all the transactions recorded from your Stripe account in your PayTraQer dashboard. You can see each imported transaction that is displayed in the detailed log. Hit the ‘Sync’ button to import your Stripe transactions to QuickBooks Online.

There are two ways through which you can sync your imported transactions into QuickBooks; one with a few clicks and the other even without that after setting up.

1. Automatic Sync

You have to turn on the Automatic Sync under the Advanced settings, if you want PayTraQer to sync the imported transactions automatically. By doing so, your Stripe transaction details will automatically get synced into your QuickBooks company every 30 minutes. This is a simple click that will save a tremendous amount of energy and time.

2. Manual Sync

The other way is Manual Sync. If your objective is to inspect each transaction and record only particular transactions to your QuickBooks account, then this is an amazing tool. You can choose the transactions that you want to import to QuickBooks before hitting the ‘Sync’ button. Though it consumes some time, it will offer you selective syncing the way you want.

Benefits of Using PayTraQer

Advanced Automation Process

PayTraQer is built on the idea that you can bid your manual data entry forever. Either you can sync selective data in the app with just the click of a button or you can leave it for auto-sync in the background, without opening the application.

Sync Historic Stripe Transactions

No matter how far back the transactions are, you can sync all historic transactions without a limit from your Stripe account into QuickBooks

Run a Perfect Reconciliation

Getting head-struck with reconciliation can be avoided at the brim of accounting month-ends. With PayTraQer, you will never have to deal with mismatches with your checking and QuickBooks balance, providing a nice and stress-free reconciliation.

Rollback Synced Transactions

PayTraQer has an easy undo and redo setting in order to erase mistakenly synced transactions, leaving no trace, while preserving only the ones that you need.

Sync Transactions in Multi-Currencies

Synchronizing transactions in any currency (that QuickBooks supports) you make or receive payments becomes pretty easy with PayTraQer. You would be able to do multi-currency transactions without trembling.

User-Friendly Support

In case you are stuck with a problem somewhere, our friendly customer support crew is ready to assist you. In addition to that, we have support blogs and video tutorials for your detailed understanding.

Bottom Line

So, what are you waiting for?

QuickBooks Online Stripe integration has never been so easy and efficient.

Let yourself give a shot on PayTraQer with our 30-day free trial. Not even your credit card details are required. Once you find it comfortable, you can purchase one of our plans to propel your business and accounting fast, smart and efficient. Or if you still have questions, drop us a line at support@saasant.com or call us at +1 (619) 377-0977 to know more.

If you want to know more about Stripe safety, Read - Is Stripe Safe?