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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
You can automate monthly revenue reconciliation between Stripe and QuickBooks using scheduled data imports and systematic variance analysis that eliminates the manual month-end reconciliation process typically required during accounting close procedures.
This method provides comprehensive automated reconciliation with exception management and audit trails to streamline your monthly close process.
Set up automated monthly reconciliation using Coefficient
Coefficient provides comprehensive automated reconciliation by scheduling monthly imports of QuickBooks Profit & Loss reports alongside QuickBooks invoice data and Stripe revenue summaries. You can configure timezone-based scheduling and create systematic variance analysis with export capabilities for adjustments.
How to make it work
Step 1. Configure automated monthly data collection.
Schedule monthly automated imports of QuickBooks Profit & Loss reports and Invoice data using Coefficient’s scheduling features. Set up automated Stripe revenue data pulls including monthly transaction summaries and fee breakdowns. Configure timezone-based scheduling to ensure data captures align with month-end closing processes.
Step 2. Build automated reconciliation calculations and analysis.
Create automated calculations comparing QuickBooks recorded revenue with Stripe processed payments. Build variance analysis showing differences between invoiced amounts and actual payments received. Implement conditional logic to handle timing differences between invoice dates and payment processing dates.
Step 3. Set up systematic variance analysis and filtering.
Develop automated variance calculations showing dollar and percentage differences with conditional formatting to highlight significant discrepancies. Use filtering with dynamic date-logic filters to focus on specific monthly periods. Create pivot tables summarizing revenue by customer, product line, and payment method.
Step 4. Implement exception management and automated reporting.
Automatically flag revenue discrepancies exceeding defined tolerance levels and create summary reports showing reconciliation completion status. Use Coefficient’s export functionality to push reconciliation adjustments back to QuickBooks and maintain documentation of monthly reconciliation activities.
Eliminate manual month-end reconciliation work
This automated approach replaces the manual monthly process where accounting teams export revenue reports from both systems and spend hours identifying discrepancies during month-end close. You get systematic reconciliation with automated reporting and adjustment capabilities. Start automating your monthly revenue reconciliation today.
