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Connect Stripe

Connecting your Stripe account to Fiskl Banking streamlines your financial management, making it a huge time-saver for all users. This integration simplifies the traditionally complex process of reconciling Stripe pay-outs, reducing errors and saving you valuable time. For those handling multi-currency transactions, it’s essential for accurate reconciliation.

How it Works​

When you connect Stripe to Fiskl Banking:

  1. Fiskl imports all transactions from your Stripe account(s)
  2. We create accurate ledger entries for each transaction, including:
    • Transaction amounts
    • Fees
    • Currency conversion rates
  3. Ledger accounts are automatically created and updated
  4. You only need to match the single Stripe pay-out to your bank account as an internal transfer

This process eliminates the need to reconcile hundreds of individual transactions, greatly simplifying your accounting workflow.

Benefits​

  • Accurate multi-currency support: Handles transactions and conversions across different currencies
  • Comprehensive transaction handling: Manages all Stripe transactions, including:
    • Fiskl invoices paid via Stripe
    • Transactions initiated outside Fiskl
    • Issuing card transactions
    • Fees, refunds, charges, and chargebacks
  • Automatic account creation: Creates new balance accounts in Fiskl when new pay-out accounts are added in Stripe
  • Multiple account support: Connect and manage multiple Stripe accounts
  • Cross-platform functionality: Works seamlessly across iOS, Android, and Web
  • Permission-based access: Control who can view and manage Stripe transactions

Connecting Your Stripe Account​

  1. Go to Banking in the left menu or visit the Banking page.
  2. Select "Stripe" from the available options.
  3. Configure sync settings:
    • Choose a start date for importing transactions
    • Decide whether to import all transactions from the selected date
caution

Avoid selecting ALL transactions if possible. Consider using your current financial year's start date. We'll create an Opening Balance ledger transaction as needed. Selecting ALL may result in numerous unnecessary ledger entries due to the detailed nature of this feed.

  1. Change your categories if required:
    • Choose a category for charges (e.g., "Payment processing fees")
    • Optionally, enable "Create clients" and "Create vendors"
info

Enabling "Create vendors" may add many new vendors to your account.

  1. Connect to Stripe:
    • Log in to your existing Stripe account or create a new one
  2. Verify the connection:
    • Your Stripe accounts will appear automatically in Fiskl
    • You can connect multiple Stripe accounts, including those with multiple currencies

After Connecting​

  • The initial download may display temporary warning icons while we calculate the balances
  • To view transactions, click "Transactions" on the account card or access the matching ledger account from Fiskl Chart of Accounts
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Connecting Stripe as a payment gateway is a separate process from this banking integration.

Remember to regularly review your Stripe connection to ensure accurate transaction import and categorization.