Overview:

  1. General settings
  2. Sales Settings
  3. Products/Services
  4. Taxes settings
  5. Fees settings
  6. Payouts settings

You have connected your Stripe account to your Xero, and this guide will give you some more details upon settings that can be customized in the app to tailor it to your needs. To access Settings, click Gear Icon on the top right corner of the app.

General settings

1 – You can enable synchronize automatically feature that can sync your new coming transactions automatically. If you want to sync your historic transactions, you can also do that with our app. Please, go to import old transactions (on the left), set the dates, and click on import. You may read about importing historic transactions here.

Sales Settings

1 – Select a clearing account for your Stripe transactions here. The app creates Stripe Bank Account for you as a clearing account in your Chart of Accounts.
2 – You can prioritize your customer name search on Stripe side by email, description, shipping address or payment method, etc. Just organize them in the order you need. If there are no customer names in your transaction,  the app will check first for the options you have at the top of the list to match the name form there.
3 – Applying default customer feature helps you to assign the customer to your transaction. You may choose the name of the default customer from drop-down menu (4) and all your transactions will be synced under the name of this default customer selected.

Products and Services tab

1 – Generic Product – enabling this feature will replace the name of the product from your transaction to selected in Generic Product name (2)
– The app may get the name of the product from the description of the transaction on Stripe side. Make sure you have only one product name in the description field.
4 – You need to set the account the new products will be associated with when they are automatically created by the app. All existing products will be matched with no issues (in case names are the same on Stripe and Xero sides).

Taxes tab settings

Enable fees processing only if you tax your clients on Stripe side (and taxes are reflected in your Stripe), then the app will account for them correctly.

Fees tab settings

– Set the Bank account for your fees to be applied, please note that fees account and sales accounts should be the same. We recommend using Stripe Bank Account for it.
2 – Fee line account, select the account your fees will be applied to.
3 – Supplier – the app will use this Xero Supplier to associate with your Stripe fees. Select available, or type in a custom one, like “Stripe”.

Payouts tab settings

Transfer funds to – please select your checking account here.
The app synchronizes all the sales transactions (and fees) into the clearing Stripe Bank Account, so to reconcile your checking you need to record a transfer from the clearing account to your Checking. 

Once you enable Payouts, the app will do this automatically as soon as it will detect Stripe payouts to the bank, so now the reconciliation will take several seconds.

Do you have any questions? We would love to hear from you. Please, contact us via online support chat.



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