Hey folks, running into something that's been bugging me for a bit and hoping someone here has dealt with it.
We bill through Stripe for our SaaS product and I'm trying to nail down a clean monthly recognition workflow. The part tripping me up is that our analytics tool and our actual GAAP financials keep telling different stories and I cannot pinpoint exactly where the gap is coming from.
Is anyone pulling directly from Stripe's payout data to build their monthly numbers or is there a cleaner way to get what you need without it turning into a manual exercise every close cycle?
Appreciate any input, cheers
Our Stripe Data and GAAP Books Have Never Agreed Once, Is It Just Us?
byu/kayanokoji02 inbusiness
Posted by kayanokoji02
1 Comment
Reconcile daily. See if there’s float in the deposits re: cash. Same for analytics tool vs GAAP financials: something’s causing the variance. Analyze daily and find the discrepancies, then back-track it to the transactions causing it.