Stripe Revenue Accounting Automation
Bookkeep allows you to seamlessly connect your Stripe accounts, streamlining the process of posting journal entries. By integrating your Stripe accounts with Bookkeep, you can automate the recording of financial transactions, making it easier to track and manage your business's financial data.
The two journal entry postings we automate with Stripe on a daily basis are essential for simplifying your financial record-keeping process. These automated entries help track deposits and sales accurately, ensuring that your business's financial data is up-to-date and organized. By seamlessly integrating your Stripe accounts with Bookkeep, you can efficiently manage and monitor your transactions, saving time and effort in manual data entry.
- Payouts (Deposits)
This journal entry captures any deposits or payouts that are transferred to your bank account from your Stripe account on a daily basis. When a deposit is made to your bank account, it reflects as a decrease in your Stripe account balance, which is recorded in this journal entry. Additionally, if there are any loan payments being repaid from the available balance of an active Stripe Loan, those transactions are also captured in this entry. This process ensures that all financial movements are accurately tracked and reflected in your records, providing a clear overview of your business's financial health.
See below for an example payout mapping:
- Sales
This entry posts to your accounting platform on a daily basis the sales from the prior day. It is crucial for accurately tracking and recording the financial transactions related to your business's sales activities. The entry captures the total gross sales made, including any discounts, refunds, or adjustments that may have occurred. By detailing the net sales figure, you get a clear picture of the revenue generated after deductions. Moreover, this journal entry also includes the fees associated with processing these sales, ensuring that all financial aspects of your business operations are accounted for. This comprehensive recording process aids in providing a detailed overview of your business's sales performance and financial health.
When detailing the gross sales, Bookkeep categorizes them based on the plan nickname or product name from the associated invoices. You may see a "No Label" subcategory if there is not a description provided by Stripe.
See below for an example mapping:
If you have any questions regarding our Stripe journal entry templates or need assistance with integrating your Stripe accounts with Bookkeep, do not hesitate to reach out to our support team at [email protected]. Our dedicated support staff is here to help you navigate through any issues or queries you may have, ensuring a smooth and seamless experience with our platform. Feel free to contact us for personalized assistance and guidance tailored to your specific needs.