Reconcile and prepare Stripe data for NetSuite

Eliminate the burden of exporting and standardizing your revenue data by automating the preparation of Stripe data into journal entries

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Transform Stripe transactions into accounting-ready data

Reconciling Stripe data across multiple sheets, formulas, and sources is tedious and exposes your team to potential errors. Because NetSuite is the backbone of your financial reporting, it may seem like connecting Stripe directly would be a better alternative. But the reality is that it can create several new challenges, and drive a significant increase in cost. Data extracted from Stripe is not accounting-ready. It needs treatment to be able to be ingested into your general ledger. That’s where Leapfin can help.

Enhanced access to transaction data

Leapfin’s native integration with Stripe accesses additional transaction data unavailable in standard reports allowing for easier, more accurate reconciliation

Stripe transactions automatically transformed into journal entries

Avoid the time-consuming work of exporting files, cleaning data, and manually creating journal entries from your Stripe data with summarized reports ready for your GL

Easily explore Stripe data with the help of AI

Easily drill into detailed Stripe transaction data to explore and understand anomalies with the help of natural language prompts using Luca

Integrate Stripe with Leapfin to Gain Control of Your Revenue Data

Learn more about our Stripe Integration

Does Leapfin have a native integration with Stripe?

Yes, Leapfin has a powerful native integration with Stripe that has been refined from years of experience. It is available to all customers.

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

Yes, in many cases, Leapfin would replace Boomi, Celigo, and SuiteSync. When using Leapfin, you would no longer send raw Stripe data with these integration tools. Instead, you will ingest Stripe data into Leapfin. Leapfin will normalize the data, link related transaction events, and prepare journal entries for reconciliation. Leapfin will also prepare journal entry summaries to be shared with NetSuite.

Does Leapfin have a native integration with NetSuite?

Yes, Leapfin has a native integration with NetSuite that is available to all customers.

Can I see how my Stripe transactions are linked?

Yes, Leapfin has a feature called the Connected Accounting Map that allows users to easily see how all of their Stripe transactions – payment sources, refunds, credits, and disputes – are linked, giving full visibility and traceability into every detail of their revenue data.

What does “Stripe is not accounting-ready” mean?

Stripe transaction data is raw data that is organized into columns and formats based on the Stripe implementation. It does not consider the characteristics required to be accounting-ready including journal entry formats, currency conversion, timezones, timeframe (relative to month-end close), etc. Stripe data is always changing and has no way of locking data at the end of the month; Leapfin allows users to lock for month-end close and automatically post adjustments in the next period.

Doesn’t Stripe have AI capability to explore data?

Yes, but Stripe users find it to be very limited and difficult to work with. Luca – Leapfin’s AI agent – is purpose-built to support the accounting and finance function, enabling users to easily explore data with natural language prompts. Luca includes dozens of templated prompts to cover many common requests, along with the ability to write original prompts. The results can be easily saved as reports for future reference and shared within your team’s Leapfin workspace.

Do Stripe reports and the Stripe API include the same data?

Much of the data available through the Stripe API is also available in Stripe reports accessible from your Stripe account login. However, there is additional metadata only available through the Stripe API that aids with understanding transaction details and the breakdown required to fully investigate and reconcile revenue data. Leapfin’s native integration with Stripe includes access to this necessary data providing users with a more complete picture of their revenue for reconciliation and reporting.

With Leapfin, we are faster, we are more accurate, and we are drama-free. It's transformed our close process. No surprises, no last-minute scrambles. Everything just runs smoothly.

Rodrigo Brumana CFO, Poshmark
The feed from Leapfin to NetSuite works seamlessly. It's something that we don't have to worry about anymore.

Lindsay Remigio Sr. Manager, Revenue Accounting, Reddit
The consolidated view of our revenue in Leapfin is fantastic. In literally one click we can easily see change month to month. And, because every single transaction is right there, we can dig into details for any explanation we may need.

Melissa Tuttle Director of Accounting Systems
Leapfin helped parse out and make sense of the data that already existed. Simple searches in Leapfin make it easy to track things like refunds, revenue stream trends, and month-to-month movements. Without reporting bottlenecks, Canva is no longer vulnerable to surprises at month-end.

Melissa Lee Corporate Controller, Canva
With Leapfin, we didn’t need to increase headcount significantly to account for our growth. We were able to double transactions, especially during peak seasons, without growing the accounting team.

Ian Booler VP of Finance, Altitude Sports
Before Leapfin, our reporting processes relied heavily on Excel, and close took up to 90 days. Now, we can close in just 5 days because Leapfin automates our entire data process and revenue reporting so that we can report accurate, validated financials at the end of the month.

Minnie Luo CPA, Director of Revenue Operations, Top Hat
If you’re a high complexity high transaction volume business, Leapfin is a no brainer.

Damien Singh CFO, Canva
Leapfin has completely transformed our month-end close process, eliminating 4 days of manual work, with its ability to handle hundreds of millions of transactions and transform them into a subledger.

Joe Blanchett Director, Business Systems, SeatGeek
The consistency and quality of data we get with Leapfin is excellent. The reduction in our month-end close time has freed up our team to focus on meaningful analysis, driving better business decisions.

Jason Grenier CFO, Altitude Sports