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Buy nowSince the Stripe Connect App creates entries in Undeposited Funds for customer payments. Having the payouts also go into Undeposited Funds makes the balance of Undeposited Funds duplicate the payments. Ideally Stripe payouts would create a bank deposit, but I don't see an option using the Stripe Connect App to make this happen - you can't change the payout that becomes a transfer to the destination of undeposited funds.
QuickBooks Online Stripe Connect integration does have some limitations. However, using manual deposits, clearing accounts, or third-party automation tools can simplify your workflow and minimize the need for manual adjustments, Accounting673.
You might want to check if your integration app allows for mapping options. Each app, including Stripe, has its own interface and specific steps for mapping.
QuickBooks Online depends on the setup of the associated integration app. Some apps may let you import historical Stripe data and map it to your QBO accounts, while others might require manual adjustments for past transactions. Here's how:
Be sure to avoid duplication. You can exclude transactions imported from Stripe if necessary. When recording invoice payments, you can also include the associated bank fees.
If you need further assistance with managing Stripe transactions in QuickBooks Online, feel free to reach out. We're always here to help!
You can use a 3rd party connector to reconcile your Stripe transactions automatically in QBO.
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