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. 

diagram_stripe-to-leapfin

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. 

    product-feature-image_journal-entry-report
  • 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.

    product-feature-image_linked-accounts
  • 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.

    product-feature-image_transaction-history

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.

diagram_leapfin-improvements

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:

icon_magnifying-glass

Identify and adjust payments, credits, refunds

icon_loop-arrow

Recognize recurring revenue and deferrals

icon_check-mark-spreadsheet

Generate clean, accurate journal entries

icon_server-arrows

Send complete revenue data to NetSuite

  • headshot_alicia-arntson
    This isn’t just about automation. It’s about giving our team a system we trust, and the time and space to focus on higher-value work. I’m such a fan. I can’t say enough good things about Leapfin. It has been a huge win for us.
    Alicia Arntson, CPA VP, Controller, Eight Sleep
  • headshot_brian-cheung
    I finally feel like I can fully support the numbers I’m posting to NetSuite every month. If someone asks, I don’t need to explain assumptions – I just pull the report in Leapfin.
    Brian Cheung Sr. Manager, Accounting, GoodRx
  • headshot_rebecca-wang
    Leapfin is like our digital glue. It connects all of our financial data sources together so our team isn’t spending time manually tying everything out.
    Rebecca Wang VP Finance Corporate Controller, Guideline
  • headshot_rodrigo-brumana
    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
  • lindsay-remigio
    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
  • headshot_melissa-tuttle
    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, Outside
  • Melissa Lee
    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
  • ian-booler
    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
  • minnie-luo
    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
  • damien-singh
    If you’re a high complexity high transaction volume business, Leapfin is a no brainer.
    Damien Singh CFO, Canva
  • headshot_joe-blanchett_large
    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
  • Jason Grenier Altitude Sports
    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

FAQs

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.

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.

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

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.

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.

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.

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. 

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.

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.

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.

See how Leapfin can help you unify and transform your transaction data today.