Reconcile Pay

What is Reconcile Pay?

Reconcile Pay is an innovative financial tool designed specifically for businesses using Stripe. It automates the reconciliation of Stripe payouts, providing users with a clear understanding of each payout's composition, including every charge, refund, fee, dispute, and cross-period transaction. This tool eliminates the guesswork often associated with payout discrepancies, allowing finance teams to focus on more strategic tasks. With just a click, users can export a comprehensive 5-sheet Financial Close Excel workbook, streamlining the financial reporting process. Reconcile Pay is built for finance teams seeking efficiency and accuracy in their reconciliation processes.

How to use Reconcile Pay?

1. Connect to Stripe: Visit the Reconcile Pay website and initiate the connection to your Stripe account. This process takes less than 2 minutes.
2. Automatic Reconciliation^[1]: Once connected, Reconcile Pay will automatically sync with your Stripe account and provide explanations for each payout, detailing charges, refunds, fees, and disputes.
3. Export Financial Close Workbook: After reconciling your payouts, you can easily export a complete Financial Close Excel workbook with just one click, ready for your accountant.

What are the main features of Reconcile Pay?

• Automatic Reconciliation: Syncs with Stripe to automatically reconcile payouts without manual intervention.
• Detailed Payout Explanations^[2]: Provides a complete breakdown of each payout, including all charges, refunds, fees, and disputes.
• Financial Close Export^[3]: Exports a comprehensive 5-sheet Excel workbook that includes raw transactions, P&L summary, and reconciliation details.
• Variance Alerts^[4]: Notifies users of any discrepancies in payouts, explaining the causes of variances.
• Cross-Period Detection^[5]: Identifies and flags transactions that span multiple periods for easier financial management.

Who is Reconcile Pay for?

Reconcile Pay is designed for finance teams and accountants who work with Stripe. It is particularly beneficial for businesses that experience high transaction volumes and require accurate reconciliation of payouts. The tool is ideal for organizations looking to streamline their financial processes, reduce manual reconciliation efforts, and gain deeper insights into their payout structures. Whether you are a small startup or a larger enterprise, Reconcile Pay provides the tools necessary to manage your financial data efficiently.

What are the use cases of Reconcile Pay?

1. Monthly Financial Reporting: Finance teams can use Reconcile Pay to generate monthly financial reports, ensuring all payouts are accurately accounted for without manual calculations.
2. Dispute Management: The tool helps in tracking disputes by linking them to specific payouts, allowing for better resolution and financial forecasting.
3. Cross-Period Transactions: Businesses can identify and manage transactions that span multiple periods, helping to maintain accurate financial records and compliance.