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3 Comments

Idea Validation - Automatically reconcile Stripe payments

Hi,

Whilst implementing the payment process for my side project https://fab.fitness I realised that I'd have to manually reconcile the monthly payments from Stripe into Xero, not a big deal just now since we've just launched. Then last week when working on the payment processing for my day job (https://amiqus.co) I realised we'd have to do the same thing which would be a bigger deal for us.

So, I thought I'd start planning how to build https://reconcilebot.com - a service that automatically reconciles payments from Stripe into Xero.

Questions:

  • If you use Stripe and Xero is this something that you think would be beneficial?
  • Would you trust a service like this to automate your workflow? If not, what's the key issues you see?
  • If you don't use Stripe + Xero, what payment processing do you use and what accounting software do you use?

If you'd like to get an email when this launches head to https://reconcilebot.com.

Thanks!


For those interested in the landing page it uses: Gatsby for the frontend, Airtable for collecting the emails and Zeit's Micro for sending the emails to Airtable securely.

  1. 2

    Good idea it’s a problem. There are a few solutions out there.

    https://silversiphon.com/
    Bankfeeds.io

    1. 1

      Nice, thanks! Yeah I spotted those this morning too, interesting that I never I saw them last week - probably wasn't looking hard enough. Closest I saw was services like Chargebee that do it as an extra. Appreciate the links 😄

      1. 1

        No problem. I do think there is something in the space though.

        I run a payments company and still get asked by people for this.

        I also do a bit of zapier consulting work and have built out solutions 4+ times for this exact problem.

        Even though I tell them that the above exist and they could subscribe for years they still don’t.