Connect Stripe by PayTraQer with QuickBooks Online – Intuit

Accounting and bookkeeping practices undergo a rapid change with the introduction of automation tools and cloud-based software. These applications allow small business owners to enter, edit and analyse financial data accurately and on their own and make business decisions with much more clarity. These automation tools aid business owners to a great extent in terms of accessibility, storage and speed. 

If you have a small business on the rail, and you use QuickBooks and Stripe for accounting chores and business transactions respectively, this post will give you some slack in terms of bookkeeping. Here is an orientation on Stripe QuickBooks Online integration.

QuickBooks and Stripe

QuickBooks is the most sought-after application for accounting and is always an accounting charm for small to mid-sized businesses from coast to coast. It keeps track of the financial health and transparently shows the cash flow of your business. It can effortlessly perform invoicing, bill payment and payroll management, reconcile expenses, generate reports and much more. It is available at an affordable price for the gamut of features it comes with.

Stripe is a payment gateway with which businesses can get paid faster. With Stripe, businesses get payments received either on the store-front or on the go. Though Stripe caters to big shots like Amazon, Google, Microsoft and so on, it is very popular among small to mid-sized businesses for the affordability and the feature-set it has. 

Why should you connect Stripe and QuickBooks?

Both QuickBooks and Stripe are crowning hits in the respective industries. They can surely outperform manual efforts. Small businesses can have all their transactions under one roof with Stripe and get accounting streamlined and books done faster with QuickBooks. If you are one among the several hundred using both Stripe and QuickBooks for your small business, here are some of the pain points you face when you try to optimize using both Stripe and QuickBooks.

Your Stripe account will have torrents of transactional data. Though QuickBooks can effortlessly take tabs on the accounting process, it will keep mum until the values are fed. It cannot set off the accounting process with empty values. Unfortunately, Stripe cannot slide its data into QuickBooks on its own. And QuickBooks also cannot fetch numbers from Stripe and initiate the process. So, how are they linked so far?

The old school way of doing it is by manual keying. Yes, you heard it right! A person has to sit and manually key each digit of each transaction, inch by inch into QuickBooks. But this method would take hours and even days to migrate the whole list of transactions into QuickBooks. Even after investing hours in it, we are not very sure about the correctness of the records. There are more concerns about the accuracy of the records in manual keying. However experienced and vigilant the data entry person may be, the records are not always 100% error-free. Erroneous records not only pull up a greater mess looming at the time of reconciliation but will also ruin the reliability of the reports. In the long run, manual keying halts the speed of the accounting process. 

But this need not have to roll out this way. In this technology-driven world, automation is redefining the way things are done. Manual practices have gone obsolete in the big enterprises and are slowly diminishing out of focus among the small business crowd. Read on to find how to import Stripe transactions into QuickBooks without any manual intervention. 

Connecting Stripe and QuickBooks - PayTraQer

The fact that QuickBooks cannot fetch data from Stripe can be disheartening. But there is a way through which QuickBooks and Stripe can work together. There is a bridge that provides tools for seamless Stripe QuickBooks Online integration. 

The name is PayTraQer - an innovative application designed to scrape out the manual elements of bookkeeping with QuickBooks. PayTraQer can sync Stripe payments into QuickBooks automatically without any human supervision. The software does all the interaction with Stripe and brings transaction details into QuickBooks. With PayTraQer, the records go untouched into QuickBooks and the books are always accurate and fresh. 

Getting Started with PayTraQer

Now importing Stripe transactions into QuickBooks Online is just a matter of seconds with PayTraQer. But for this to happen, you have to install PayTraQer. It is a simple process and would not take more than five minutes. Here is how to install PayTraQer.

PayTraQer is an Intuit authorized application. You can find PayTraQer in the Intuit App Store. Just search for PayTraQer in the Intuit App Store. PayTraQer app card will appear. Click on the ‘Get App Now’ button to get started with PayTraQer. Our application is open free for the first 30 days. There is no need for the credit card part either. 

You will be redirected to our application. Sign in with QuickBooks credentials. Once you connect your QuickBooks, you will be asked to link your payment system. Choose the Stripe tile over the others and start configuring the quick-start settings. This will ensure seamless QuickBooks - Stripe integration. Well, that’s all about installing PayTraQer. Now you can have unlimited Stripe transactions into QuickBooks in a jiffy.

How to Import Stripe Transactions into QuickBooks

Now having PayTraQer installed, importing Stripe transactions into QuickBooks Online can be done in a couple of ways. One involves a click of a button and the other, the most popular automatic sync.

Manual Sync - This is the default syncing option in PayTraQer. The transactions are to be manually chosen for the sync. Once the selection is made, all the selected transactions can be synced into QuickBooks with a click of a ‘Sync’ button. 

Auto Sync - As the name suggests, with automatic sync all the real-time Stripe transactions are synced to QuickBooks automatically, without even having to open the application. To enable this feature, you have to turn on auto-sync under the settings beforehand.

To Conclude

If you are still sticking to old school bookkeeping practices, it is the right time to embrace automation for your small business bookkeeping with Stripe QuickBooks Online sync. This opens new doors to opportunities and will fast track the accounting process to a great extent. If you use both Stripe and QuickBooks for your small business, then PayTraQer will be of great assistance for a quickened bookkeeping. If you still have some dilemma whether to take up PayTraQer or not, you shall give it a try with our 30-day free trial. It is definitely worth a shot and you will love it!