Case Study: Stripe achieves automated Stripe loan reconciliation with Synder

Stripe saves 40+ hours a month with Synder

The customer, Stripe, faced a challenge with its QuickBooks accounting after a client took out a Stripe Capital loan. The accountant, Jason, needed a way to automatically and correctly import these loan repayments, separating the principal from fees to properly reduce the liability, as his previous solution could not handle Stripe loans. He sought a software solution from vendor Synder to automate this Stripe export to QuickBooks.

Synder implemented its software, utilizing the Daily Summary sync mode and mapping features to correctly categorize all Stripe transactions, including loans and fees. This automated solution ensured accurate monthly reconciliation, saved significant manual time, and kept the books in perfect balance. The vendor Synder enabled the accountant to efficiently onboard all his other clients and achieve error-free reconciliation.

Stripe