Not all businesses use Stripe to handle online card payments, but for those that do, accurate account reconciliation is vital.
Matching what is happening in your Stripe account to what is showing in Pandle just helps you manage your bookkeeping more easily. It affects everything, from your cash flow and beyond, and helps to identify any potential problems much sooner.
Well, we’re dedicated to making bookkeeping as easy as possible, which is why we’re really excited to announce our Stripe Feed Balance Check.
Reconciling Stripe Feed transactions more easily
It means that you will receive a notification if your Stripe balance shown in Pandle doesn’t match the balance shown in your Stripe account. Because the alert will also show the last date that the balances did match, it’s even easier to search for discrepancies, and quickly resolve them.
Pandle users can view the Stripe Feed Balance Check through the Banking tab. A tick symbol next to the account shows that the balances currently match. Success!
The balance status indicator appears at the top of the account screen, so you can keep an eye on things whilst checking and confirming transactions. The example below shows that the balances match, which is great!
When the balances do not match, a warning symbol will appear in the Banking tab, letting you know that it needs attention.
Hover the mouse over the warning symbol and an information box will pop up showing the date that the balances last matched.
Making it much easier for users to know which date to check from when comparing their Stripe account to their Pandle balance, in order to find the discrepancy.
So, there we have it! Another stress reducing feature from Pandle to help resolve bookkeeping discrepancies as quickly and easily as possible.
Please note, it may take 2-3 working days for the balance check symbol to appear in Pandle whilst the transactions are being imported from Stripe, and balances are being matched.