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Connect to Stripe

Created on  | Last modified on 

Summary

How to get Stripe set up and running in Sage Accounting.

Resolution

 Stripe is a secure, online payment service that you can connect to Sage Accounting to take card payments from your customers.

What you need to know

If you don't already have a Stripe account, set one up as part of the process.

You must use a new Stripe account that you are not already using to manage payments from other sources.

  1. From Settings, select Apps and connections then Stripe.
  2. Review the Stripe fee information, then do one of the following:
    • Create a new Stripe account to use with Sage Accounting
      Select Create Account, and complete the sign-up form. Select Authorise access to this account. Once you’ve done this, proceed to step 4
    • Use a new account created directly with a Stripe login
      Select Sign In, then Sign In to Stripe. Enter your Stripe Credentials
  3. In the Manage Connection page, check the Stripe fees and payouts. Are they recorded in the correct ledger account?
    • Where are your Stripe fees recorded?
      By default, we record Stripe fees in the ledger account for Bank charges and interest. To change this, choose a different ledger account from the drop-down list
    • Where are your payouts transferred?
      Make sure the ledger account selected here corresponds to the bank account receiving your Stripe payouts. The default ledger account shown here should be the bank account you selected when you created your Stripe account.
      To change this, choose a different ledger account from the drop-down list
  4. Select Save.

What are payouts?

A payout is when Stripe transfers the money received from your customers to your nominated bank account. When you set up your Stripe account, you choose the bank account to use for these payouts. Stripe usually makes payouts every two weeks.







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