According to experienced business specialists the key to gain new customers is to cover more channels of communication with potential clients. Sales platforms such as Stripe, PayPal, Shopify and eBay provide your customers with an easy and convenient way to complete purchases online so that business owners can enjoy the benefits of an incoming stream of customers. However, many business owners struggle handling the accounting part that might seem tricky at first glimpse.
This is where Synder comes into play, being a smart accounting software Synder mirrors the actual money flow happening in your Stripe and records live transactions and historical data in your accounting system providing you with precise tax, customer, item and other transaction details. With the Synder solution you will be able to reconcile synced data in one click, track inventory and manage Accounts Receivable by closing open QuickBooks invoices with Stripe payments automatically.
Follow easy steps in this helpful guide, and enjoy seamless synchronization with Synder.
Start the Stripe integration from scratch
- Create a free trial account
If you are getting started with Synder you will need to create a free trial account and connect your accounting system (QuickBooks or Xero) to Synder first. Check out this guide if you would like to integrate QuickBooks Online or Xero and this article to connect your QuickBooks Desktop company.
- Set up your Organization
The first step is going through the set-up process of an Organization for your Quickbooks or Xero company – just fill in the information about your business and hit the Next step button.
- Select the platforms you would like to integrate
Now you need to select the platforms you would like to integrate with Synder. Mark QuickBooks or Xero, Stripe, and all other sales platforms you would like to integrate with Synder (click View all processors to see the list of all available platforms).
Note: Mark all the services you are using to receive payments, you will be able to connect all of them right away or skip the connection of particular integrations and set them up any time later.
- Connect your accounting platform
Connect your QuickBooks Online or Xero company by clicking on the Connect button and grant permission to the software to record data in your QuickBooks or Xero company. If you are a QuickBooks Desktop user, check out this video tutorial to learn How to connect and sync data into QuickBooks Desktop.
- Connect your Stripe account
Almost there! To complete the setup you just need to connect your Stripe and other sales platforms to Synder. You can integrate them one by one straight away following the steps on the screen: just hit the Connect my Stripe account button → grant permission to Synder.
Alternatively, you can skip the connection and set them up later in the Settings: tap the Settings button on the left side menu → hit the Add payment platform button.
Note: You can find our detailed guides on how to connect your sales channels and payment providers to QuickBooks Online/Xero via Synder in our Help center.
- Set up the Stripe integration
To complete the setup for the Stripe integration choose an account for payouts (usually, your Checking account) that will allow smooth reconciliation of your Stripe transactions in one click.
Connect Stripe to an already existing account
If you already have a Synder account and would like to integrate one more Stripe account follow the steps below:
1. Switch to the needed Organization in the top-left corner of the Synder page.
2. Navigate to Settings on the left-side menu.
3. In the Payment platforms section and click Add payment platform.
4. Select Stripe in the dropdown and hit the Connect button.
5. To complete the setup for the Stripe integration choose an account for payouts (usually, your Checking account) that will allow smooth reconciliation of your Stripe transactions in one click. Hit Continue to finish the configuration.
Tips and tricks on the Stripe integration
Note 1. Synder does not support connecting of Stripe Express accounts at the moment.
Note 2. Synder parses financial paydowns, adjustments, transfers – almost every transaction type from Stripe.
Note 3. Stripe payments made in the test mode will not show up in Synder. Syncing your live data from Stripe with Synder you will always have an option to undo any action and the software will skip all the duplicates if you try to sync the same data twice.
Note 4. If your Stripe is linked to an e-Commerce store, connect both your Stripe and e-Commerce account to get all order and payment details synced to your books.
Bravo, you have set up the integration between Stripe and Synder! If you feel like some adjustments are necessary, you can manage that in Synder settings. Open them on the left menu → hit the Configure button under your Stripe platform. If you need to fill in gaps with missing data after the sync into your QuickBooks Online, like applying classes or locations to transactions, the Smart Rules feature will be of great service. Now, you can customize your Synder according to your needs.
Get in touch with the Synder team via online support chat, phone, or email with any questions you might have so far – we are always happy to help you!