Stripe To QuickBooks Integrations: Everything You Need To Know

Stripe is a payment processing application. It is one of the best software to manage or run your business online. Stripe To QuickBooks Integration allows you to do business or sales online. You will be able to automate stripe transactions and pay invoices. In short, Stripe And QuickBooks Integration help you to connect Stripe to QuickBooks.

Extracting the data sources from QuickBooks or Stripe might be a challenging task. That’s why we have listed the steps to finalise the integration between Stripe and QB software. Please scroll down and select the perform the steps mentioned below-

Advantage Of QuickBooks Stripe Integration

Here are the top advantages of the integrations-

You can save a lot of time while using the apps.
Automate the bookkeeping process.
Update the financial information of the company.
Get better customer support.

How To Setup QuickBooks Stripe Integration?

You can complete the integration setup in the methods listed below. Follow the step-by-step guide to complete the integration-

Method 1: Through Importing & Exporting Data

You can export the data files from Stripe and import them to the QuickBooks tool.

Step 1: Export Data Files From Stripe As CSV Files

Export Stripe To QuickBooks by following the steps mentioned below-

First of all, choose the Payments option in your Stripe Dashboard.
Click on the Export tab available in the top right corner.

Then, select the Filters related to your business.
Choose the Export tab and enter your Email Address.

After that, select the CSV File option.
Follow the prompts and download the CSV File.

Step 2: Import CSV File Into QuickBooks

Connecting Stripe To QuickBooks is easy. You just need to follow the instructions listed here-

Firstly, sign in to the QB account.
Navigate to the Settings tab and click Import Data.
Then, select the Chart Of Accounts tab to proceed further.
Select the type of data you are willing to import.
After that, tap Browse and choose the Open window.
Select the CSV file from the file manager and import the data.

Finally, click the Next option to finish the process.

Method 2: Through Visiting Stripe’s Official Site

You can complete the QuickBooks integration with Stripe software by following these simple steps-

Firstly, visit the official Stripe site and scroll down.
Keep scrolling until you reach the bottom of the page.
Then, select the Start Now option.
Choose the Ready To Get Started option.
After that, navigate to the Registration page.
Enter the account details like password, country, name, email, etc.

Then, click on the Create Account tab and set up the Stripe Account.
Prepare the invoice on your Stripe and QuickBooks account and link them.
Finally, send the money to the bank account linked with QuickBooks.

Method 3: Use QuickBooks App Store

Intuit also offers an app store in the QB tool. You can choose the applications from the store. Follow the step-by-step guide mentioned here-

Locate the QuickBooks Apps Store while using the accounting software.
Tap the Search icon and enter Stripe to proceed.
Then, pick your app from the list.
Click on the Get App Now to continue.
After that, use the downloaded app to initiate the integration app.
Finally, finish the QuickBooks and Stripe integration.

Stripe And QuickBooks Desktop Integrations

Go through the steps mentioned below-

Launch the QuickBooks Desktop application.
Click on the Help tab from the top navigation panel.
Then, select the App Center option from the menu.

Go to the Apps For QuickBooks Desktop Marketplace window.

After that, click on the Search icon from the window and enter Stripe.
Press the Enter key to continue further in the process.
Then, select the Stripe application.
Click the Get The Application option.
Finish the installation process and follow the prompts.
Finally, complete the integration process.

How To Record Stripe Payments Or Fees In QuickBooks Online?

You can record stripe fees or payments in the QuickBooks Online software by 2 methods-

Method 1: Use The Receive Payment Option

Follow the step-by-step guide mentioned below-

First of all, launch the Stripe app and access your invoice.
Select Receive Payment and enter the amount in the Amount Received tab.
Then, launch QuickBooks Online software and click on the Accounting tab.
Tap New and select the Account Type option.
After that, choose Expenses and scroll down to the Detail Type section.
Click Bank Charges and enter the Name and other details.
Tap Save and Close to proceed further.
Click on the +New option and go to the Category column.
Select the Expense account and enter Bank Expenses in the Amount column.
Finally, choose the Save and Close option once the process is done.

Method 2: Use The Expense Option

Go through the instructions listed below-

Firstly, launch the accounting software.
Select the +New option and choose the Expenses option.
Then, choose the Payee option from the screen.
Integrate your Stripe Expense account with QuickBooks.
After that, fill out the mandatory details and ensure that all details are accurate.
Correctly fill out the amount details.
Then, follow the prompts on your screen and tap Save and Close.

Conclusion

In this blog, we have listed the required steps to connect Stripe to QuickBooks. In short, you will have to convert the Stripe data to CSV files and import the file to the QuickBooks software. You can call our experts if you are facing any issues while performing the setup.

MWJ Consultancy offers software support assistance for different accounting software, including Sage, Xero, Quicken, TurboTax, TurboCash, and QuickBooks.

Frequently Asked Questions

Can You Integrate Stripe With QuickBooks?

Yes, You can integrate Stripe To QuickBooks online and desktop tools. You can also import stripe transactions to the QB tool.

How To Reconcile Stripe Payments In QuickBooks Desktop?

Here are the steps to reconcile stripe payments in the desktop tool-

First of all, go to the Accounting tab.
Select the Chart of Accounts option from the window.
Then, locate and select the New option.
Enter the asked information in the Account section.
Finally, tap Save and Close to complete the process.

How To Link/Connect Stripe To QuickBooks?

You will have to set up the Stripe and QB accounts. After that, follow these steps-

Open the QuickBooks application.
Select the Apps option from the left-side panel.
Search for the Stripe app and ensure you are not selecting a third-party app.
Complete the Stripe QuickBooks Integration.
Fill out the required details and finish the process.