Online payment collection
Accept supported digital payment methods through an appropriate website, application or payment flow.
Software we support
Stripe payment integration and accounting support
Build a clearer accounting workflow for online payments, transaction fees, refunds and settlements received through Stripe.
Stripe may suit businesses that need
- Online card or wallet payments
- Flexible digital checkout options
- A connected transaction and reconciliation process
The essentials
Online payments that reconcile cleanly
Stripe enables businesses to accept online card and wallet payments through websites, applications and payment links. It can support a flexible customer experience, but the flow from individual transactions to fees, refunds and bank settlements can create bookkeeping complexity.
Makesworth can help design an accounting process that reflects how your Stripe activity reaches the bank and the accounting platform. The aim is accurate income, fee and settlement records without unnecessary manual work.
Useful capabilities
What Stripe can help you manage
The exact payment features available depend on your Stripe configuration and business model.
Transaction reporting
Review individual charges, refunds, disputes and fees within the payment platform.
Customer payment options
Support different digital payment experiences where they make commercial and operational sense.
Settlement reconciliation
Connect grouped bank settlements back to the underlying sales, fees and adjustments.
Accountant-led support
How Makesworth supports Stripe
Our role is to make the accounting around Stripe understandable, controlled and proportionate to your transaction volume.
Payment-flow review
We map how orders, charges, fees, refunds and settlements move between systems.
Accounting connection
We help assess a suitable connection or import process for your supported accounting platform.
Reconciliation workflow
We establish how to reconcile bank settlements without losing the underlying transaction detail.
Reporting support
We help ensure the resulting records support bookkeeping, VAT, accounts and management information.
A practical process
A clear route from review to everyday use
Review
We discuss your current records, reporting needs, team responsibilities and the problems you want the software to solve.
Plan
We agree a proportionate setup or migration plan, including responsibilities, timing and the information required.
Configure
We help configure the essential workflow, opening information and relevant connections before routine use begins.
Support
We help your team build reliable habits and provide ongoing accounting guidance as the business changes.
Related accounting services
Build a connected workflow
Other software we support
Explore other accounting platforms and connected tools that may fit your wider finance process.
Common questions
Stripe software FAQs
Answers about choosing, setting up and using Stripe with Makesworth.
How should Stripe payments be recorded in accounting software?
The process should record sales, fees, refunds and settlements without treating the net bank deposit as the full sales value. We can design the appropriate workflow.
Can Stripe connect to cloud accounting software?
Connections and third-party options are available for various platforms. We assess the fit based on transaction volume and the level of detail required.
How do you reconcile Stripe settlements?
A settlement may combine multiple transactions and adjustments. The bookkeeping process should reconcile that total back to the detailed Stripe activity and bank receipt.
Can you help with Stripe fees and refunds?
Yes. We can establish consistent accounting treatment for processing fees, refunds and other adjustments within the payment flow.
Does using Stripe change VAT treatment?
The underlying VAT treatment depends on what and where you sell, not simply the payment provider. We can help ensure payment records support the relevant VAT analysis.
Can Makesworth support a high volume of Stripe transactions?
We can review the volume, systems and reporting requirements, then recommend a proportionate integration and reconciliation approach.
Discuss your software setup
Get more from Stripe with practical accounting support
Book a free consultation to discuss your current records, software options and the support your team needs.
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