## Financial Reporting and Reconciliation

This section details Stripe's tools for financial reporting, reconciliation, and integration with accounting software. It covers how to generate various financial reports, reconcile Stripe payouts with bank accounts, and connect Stripe data to popular accounting platforms.

### Key Features and Concepts

*   **Bank Reconciliation:** Understand how to reconcile Stripe payouts with cash in your bank account. This report helps you track funds from Stripe to your bank, providing a monthly summary of activity and its impact on payouts. It's currently available for US-based Stripe accounts with automated payouts.
*   **Payout Reconciliation:** Match payouts received in your bank account with the specific batches of transactions they settle. This report is ideal for users with automatic payouts who prefer to reconcile transactions as settlement batches.
*   **Balance Summary Report:** This report functions like a bank statement, allowing you to reconcile your Stripe balance at the end of the month. It provides an itemized CSV export of your transaction history and associated metadata.
*   **Accounting Integrations:** Connect your Stripe data to accounting tools like QuickBooks and NetSuite. Stripe provides connectors and export options (including IIF files for QuickBooks Desktop) to automate bookkeeping and keep financial data updated.
*   **Reporting Categories and Types:** Understand the `reporting_category` field on `BalanceTransaction` objects, which offers a more granular grouping for financial reporting compared to the `type` field.
*   **Standalone Fees:** Learn about how Stripe applies transaction fees separately from the initial transaction, with fees credited later. This approach offers flexibility and impacts how fees are reported.
*   **Stripe Fee Credits:** Discover how Stripe fee credits are applied to offset service costs, including their expiration dates and application order.
*   **Revenue Recognition:** Automate your accrual accounting process with Stripe Revenue Recognition. This feature helps comply with accounting standards like ASC 606 and IFRS 15.
    *   **Methodology:** Understand how Stripe Revenue Recognition calculates, defers, and reports revenue based on GAAP principles.
    *   **Data Import:** Import data from non-Stripe sources to manage all your revenue recognition in Stripe. This includes general imports, exclusion imports, and journal entry imports. Connectors for Apple App Store and Google Play are available for automated imports.
    *   **Data Reconciliation:** Learn how to reconcile cash accounts from Stripe Revenue Recognition with the Balance Summary report.
    *   **Reports:** Generate and export various revenue reports, including monthly summaries, trial balances, income statements, balance sheets, and revenue waterfalls.
    *   **Settings and Rules:** Customize revenue recognition behavior through settings like accounting period control and amortization granularity. Define custom rules to handle specific revenue treatments.
    *   **Connect Platforms:** Understand how revenue recognition works for Connect platforms, including destination charges, direct charges, and separate charges and transfers.
*   **Report Configuration:** Learn about common report configuration settings, such as date ranges and time zone customization, that apply across all financial reports.

### How to Select the Right Report

Stripe offers a variety of reports to suit different financial workflows. The "How to select a report" page provides a guide to help you identify the best report based on your specific task, whether it's downloading transaction history, reconciling your balance, or analyzing payouts.

### Integrating with Accounting Software

Stripe facilitates integration with popular accounting software to streamline your financial processes. This includes:

*   **QuickBooks:** Export data in IIF format or use CSV exports to import Stripe transaction details.
*   **NetSuite:** Utilize the Stripe Connector for NetSuite to reconcile Stripe activity.
*   **Xero:** Pass financial data from your platform to Xero.
*   **Stripe Apps:** Leverage Stripe Apps for automated bookkeeping and data updates.

By utilizing these reporting and reconciliation tools, businesses can gain better financial visibility, ensure accurate bookkeeping, and simplify their accounting processes.