Overview:

  1. General settings

  2. Sales

  3. Invoices

  4. Products/Services

  5. Taxes

  6. Fees

  7. Application Fees

  8. Expenses

  9. Payouts

  10. Multicurrency

Having connected your company and your accounts, you can start customizing your settings for Stripe QuickBooks integration. To access your Stripe settings, select the organization needed at the top left of the page → Settings button on the left menu of Synder → choose the Stripe integration from the dropdown. Alternatively, click on the Person icon in the upper-right corner → hit My account → click on Sync settings under Stripe.

1. General settings

  1. Auto-sync – when “ON”, Synder will automatically synchronize transactions that come into the system after the setting has been enabled. When “OFF”, you can manually choose transactions to be synced.                                                                           
    Learn more about the auto-sync Synder mode.
  2. Skip synchronization for duplicated transactions – when “ON”, transactions that already exist in your QuickBooks Online company will not be synced again.
  3. Process transactions in multiple currencies – when “ON”, the system will synchronize transactions not only in your home currency, but also in multi currencies. When “OFF”, the synchronization of transactions in other currencies will be skipped.
  4. Apply location – when “ON” you can select a location from the ones you have in your QuickBooks Online to sync your transactions with the location selected in the drop-down menu.
  5. Opt to Sync payments without invoices as sales receipts or deposits. Syncing payments as deposits allows you to close any invoices created after receiving payments in your accounting system, keeping your accounts accurate and up-to-date.

2. Sales

  1. Clearing account – a buffer account that QuickBooks sales receipts, refund receipts and payments will be deposited into.
  2. Enable QuickBooks Doc Numbers – by enabling this configuration, your transactions will follow the standard QuickBooks Doc Number sequence.
  3. Apply generic customer – when “ON”, it assigns a generic customer name to all of your transactions. Click on to select a name. Choose from existing ones or type in a custom name.
  4. Payment Method – choose a payment method (cash, check, credit card, or Stripe) that will be set for QuickBooks sales receipts, refund receipts, payments, and expenses.
  5. Customer Name search Priority – drag and drop to the top of the list the field where the name of the customer should be taken from. If the name is not in the field specified on the top of the list, then Synder will look at the second specified field and so on. Check out our helpful guide to learn more about Customer Name search priority.
  6. Payment method mapping – map payment methods used in Stripe to those available in QuickBooks Online.

3. Invoices

  1. Apply payments to unpaid Invoice/Bill transactions – when “ON”, once the system encounters a payment that matches an unpaid invoice, it will be automatically applied to it.
  2. Cancel sync if there is no matching open invoice found for a payment – if there isn’t an open invoice that can be closed with a payment from Stripe, the system will cancel the synchronization of your payment.
  3. Sync unpaid (open) invoices – this setting allows syncing open invoices with your accounting system. When a payment comes in, it automatically attaches to the right invoice and marks it as paid.
  4. Sync zero invoices – turn on this setting to import and sync invoices with zero line amounts and total amounts.

4. Products and Services tab

This setting tab is targeted at new products and services which are created during the synchronization. Product/service type can only be non-inventory or service, because when Synder creates a new product, it does not have access to its Quantity on hand. Existing inventory products will be properly updated.
The income account specified here will be used for creating new products and services only.

  1. Record transactions with Original/Common product/service name and SKU (if any) – choose whether you want Synder to record transactions with the original product name. This option will either map the product to an existing one by an item name or SKU, or create a new one if it doesn’t exist. Alternatively, record them with a common product name. This will log all further transactions with a specific name you can select below.
  2. If the original product is missing in the sales platform, use the item name/SKU instead – this product you select will be created if there is no matching one available.
  3. If the matching product is NOT found in accounting, you can choose to either let Synder create a new product or cancel the synchronization of your transaction.
  4. Select the type of newly created product, which can be either non-inventory or service, and choose the income account that will be assigned to the newly created product.
  5. Get product name from a description of transaction or order – When enabled, Synder pulls the product name from the transaction or order description, often found in Stripe charge details.
  6. Sync discounts as products – any discount will sync as an extra product named “Stripe discount” or another name from the integration, if available.
  7. Product mapping – Synder is able to identify existing products in your accounting company and apply them to transactions. If product names in your payment system and accounting company don’t match 100%, fill in the product names from your payment platform in the right field to map it to product names from your QuickBooks in the left field. Check out an additional guide about product mapping feature.
    Note: please check the plans where the product mapping feature is available by following this link.

5. Taxes tab settings

  1. Apply taxes – when “ON”, the system will search for a matching tax code and apply it.
  2. Sales Tax settings. Default tax code – choose a tax code name that Synder will use for all Sales transactions marked as “taxable” in your payment system, without changing the tax amount in these transactions, in case the actual tax rate is not found.
  3. Sales tax settings. Zero-rated tax code – choose a zero-rated tax code, Synder will apply to every item (line)/shipping line which doesn’t contain any other tax rate in the original transaction.
  4. Sales tax settings. Apply generic tax code – when “ON”, the system will apply the tax rate you specify in the settings to both taxable and non-taxable Sales transaction you sync.
  5. Expense tax settings. Default tax code – choose a tax code name the system will use for all Expense transactions marked as “taxable” in your payment system, without changing the tax amount in these transactions, in case the actual tax rate is not found.
  6. Expense tax settings. Zero-rated tax code – choose a zero-rated tax code, Synder will apply to every item (line) which doesn’t contain any other tax rate in the original transaction.
  7. Expense tax settings. Apply generic tax code – when “ON”, the system will apply the tax rate you specify in the settings to both taxable and non-taxable Expense transactions you sync.

*This screen will be slightly different for US and Non-US companies. Check out more about how sales tax work in Synder.

6. Fees tab settings

  1. Clearing account – this setting specifies the clearing account to which the Stripe fees are applied. We recommend using the same account as in Sales – Clearing account. 
  2. Vendor – the system will use this QuickBooks Vendor to store your Stripe fees. Select available, or type in a custom one.
  3. Category – this setting specifies the category to which the Stripe fees are applied.

7. Application fees tab settings

  1. Clearing account – this setting specifies the clearing account to which the application fees are applied. We recommend using the same account as in the Sales – Clearing account.
  2. Category – this setting specifies the category to which the application fees are applied.

8. Expenses tab settings

  1. Clearing account – this setting specifies the Clearing account that the expenses are attributed to. We recommend using the same account as in Sales – Clearing account.
  2. Generic Vendor – when “ON”, it assigns a default vendor name to all the vendors, instead of creating a new one for each transaction. Choose from existing ones, or type in a custom vendor name and press enter.
  3. Category – this setting specifies the category that the expenses are attributed to.

9. Payouts tab settings

  1. Process transfers – when “ON”, Synder will track and create transfers reflecting Stripe payouts to your checking account.
  2. Transfer Funds To – Choose the checking account that you deposit the funds from Stripe to.

It is matched under For Review tab in the QuickBooks Banking tab.

10. Multicurrency

You can find how to customize Multiple Currencies here in the Multicurrency tab. Check how to enable multicurrency in QuickBooks.

Reach out to the Synder team via online support chat, phone, or email with any questions you have – we’re always happy to help you!


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