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Stripe Integration with Leapfin

Connect Leapfin with Stripe Billing, Stripe Payments, or the Stripe Connect Platform to automatically consolidate and transform all your billing and payment data into an accounting-friendly format.

Transform Stripe data into accounting data

Automatically prepare your transaction data for inspection, reconciliation, and your general ledger.

• Streamline order to cash reconciliation

Leapfin automatically combines dozens of Stripe events with other transaction activities to enable fast and accurate reconciliation of all your revenue data.

• Automatically aggregate transaction data

Leapfin’s native Stripe integration coupled with expert mapping guidance provides a reliable, automated pipeline to consolidate all your transaction data into a single source-of-truth.

• Format raw data into reconcilable records

Leapfin takes the busy work out of manipulating spreadsheets to transform your Stripe transaction data, by automatically transforming it into a standardized Universal Account Record ready for inspection, reconciliation, analysis, and the GL.

Stripe integration overview

Leapfin is built to empower Accounting and Finance teams with a simpler way to consolidate transaction data from multiple sources into a single source-of-truth. By connecting Stripe to Leapfin you can automatically aggregate and transform raw data into accounting-ready data, removing the tedious preparation work required to reconcile billing and payments every month.

Stripe to NetSuite integration made possible with Leapfin

Trying to connect Stripe directly to NetSuite usually ends with more problems than solutions. When integrated with Stripe, Leapfin helps you truly achieve clean, reconcilable accounting data so you can easily:

Identify and adjust payments, credits, refunds

Recognize recurring revenue and deferrals

Generate clean, accurate journal entries

Send complete revenue data to NetSuite

Learn more about Stripe and Leapfin

Turn Stripe Data into Accounting Data

Learn why Stripe is great for payments but complicates accounting with scattered, raw data that overloads ERPs. Leapfin automates data integration and standardization, streamlining revenue reporting.

Watch Video](/content/videos/turn-stripe-data-into-accounting-data/index.html)

We Cracked the Code on Reconciling Billing and Payments in Stripe

Best practices to solve for the complexities of reconciling billing and payment data in Stripe.

Read More](/content/blog/how-to-reconcile-billing-and-payments-in-stripe/index.html)

Why Reconciling Stripe Credits is So Difficult, and How to Solve it

The top 3 reasons reconciling credits in Stripe is so complicated: integration issues, lack of standardization, and a complex relationship between credits.

Read More](/content/blog/why-reconciling-stripe-credits-is-difficult-and-how-to-solve/index.html)

FAQs

Does Leapfin have a native integration with Stripe?

Yes. All customers have access to Leapfin’s native integration with Stripe. Most Leapfin customers are Stripe users and as a result the integration has been refined and improved from several years of experience.

Does Leapfin replace Boomi, Celigo, or SuiteSync as integration tools?

Yes, for many users Leapfin has replaced Boomi, Celigo, and SuiteSync as integration tools with NetSuite. Leapfin not only replaces the basic data movement capabilities, it offers additional transformation, enrichment, and automation functionality that you can use to prepare clean, accurate journal entries for NetSuite or any other ERP system that you’re using.

Does Leapfin integrate with Stripe Billing?

Yes, Leapfin’s native Stripe integration works with Stripe Billing to connect all the relevant inputs required to reconcile payments and invoices.

Does Leapfin integrate with Stripe Connect?

Yes, Leapfin’s native Stripe integration works with Stripe Connect by offering an automated reconciliation solution that handles massive transaction volume and complex reconciliation scenarios.

Does Leapfin integrate with Stripe Payments?

Yes, Leapfin’s native Stripe integration works with Stripe Payments to automatically connect payments to invoices, account for adjustments, credits, refunds, and link to corresponding payouts received.

Does Leapfin support usage-based billing for Stripe?

Yes, Leapfin is built to handle complexity, unpredictability, and large volumes of transaction data generated with usage-based billing with Stripe. It automatically reconciles Stripe billing and payments and creates clean journal entries and summaries, complies with industry standards, and gives FP&A teams full visibility into revenue in real-time.

How does Leapfin compare to Stripe Revenue Recognition?

Leapfin is the best alternative to Stripe Rev Rec because with Leapfin you can automatically reconcile and recognize revenue data from any system in a single source system - Stripe Rev Rec only works with Stripe data. It’s also inflexible, unable to handle unique or complex accounting use cases. Lastly, Stripe’s Revenue Recognition solution is widely considered a “black box” with little transparency around how calculations are completed; this makes it very challenging to investigate anomalies and show appropriate level of detail to auditors.

How do you integrate Stripe and NetSuite?

Integrating Stripe and NetSuite isn’t as simple as it may sound. Stripe is built to handle payments and billing, while NetSuite is built to handle accounting and ERP, which means the data structures don’t line up neatly. A direct connection often leaves you with incomplete, hard-to-reconcile transactions instead of an organized way to track, link, and analyze revenue transactions. By implementing an automated revenue recognition and reconciliation solution like Leapfin you avoid data limitations and gain a single source of truth for your revenue accounting and reporting.

Where does automated revenue reconciliation fit into the broader Finance and Accounting technology stack?

Automated revenue reconciliation sits in the middle of the Finance and Accounting technology stack between the front-end systems that process transactions (like Stripe, Apple, Google, PayPal, or other payment processors) and your back-end ERP or general ledger (like NetSuite, Quickbooks, Sage Intacct). Automated revenue recognition and reconciliation software - like Leapfin - is used to aggregate, transform, and match all that raw transaction data into accounting-ready records. Without a reconciliation solution, finance teams are forced to manually manipulate spreadsheets, tie out Stripe events, and match deposits to bank statements. Automated reconciliation ensures that every payment, refund, fee, and adjustment is captured, matched, and sent into the ERP as clean journal entries.

Why doesn’t Stripe data match my accounting records at month-end?

Stripe data often doesn’t match accounting records at month-end because the two systems recognize activity differently. Stripe records payments in real time, while accounting preparation requires accrual rules that create timing differences for unsettled transactions or payouts that cross month-end close. In addition, Stripe deposits funds net of fees, refunds, or chargebacks, so gross revenue recorded in your ERP rarely equals the payout amounts. Foreign currency conversions and disputes further widen discrepancies. Leapfin helps automatically track and prepare every individual transaction, at scale, so you can avoid time-consuming manual reconciliation, properly meet industry standards (like ASC 606), correctly account for fees and taxes, and accurately report on revenue in real-time.