Cloud Accounting Review

Written by Greg Lam

A problem I have is importing accurate payment information from services like Stripe and PayPal into my accounting software. There are many solutions, but none of them seems to do quite the job I need. Today I’ll explore, which is supposed to help reconcile Stripe & Paypal payments (along with their fees) into QuickBooks Online & Xero.

Greg Lam will be presenting the sessions, Cloud Accounting Face Off and Setting Up a Paperless Accounting Flow, at Accountex 2016.


When you first start out with and add a company, the layout is quite sparse.

Generally, I’m a fan of simple UI, but I wouldn’t have minded a bit more handholding.

To get things going, you need to create a “New automation.” This will give you the option to add expenses, banking, billing, or tax automation.

What financial task to you want to automate?

The Expenses automation offers to grab receipts from various online vendors.

Fetch Online Vendor Bill into Cloud & Accounting Apps

Banking offers to pull your bank balance and transaction history.

Sync Bank Transactions & Statements

Billing will sync with your payment gateway (what I’m most interested in testing).

Sync Payment Gateway Transactions with Accounting and Invoicing Apps

Tax will help automate your sales tax reports (in the USA and Canada).

Sync Payment Gateway with Tax Management Apps

At this point I don’t quite know how all this data will come together, but I’ll hook up to some of these services and see what happens.


You should note that if you’re in the trial mode, it’ll only pull in a sample set of existing data. It won’t continue to pull in future transactions. To do that, you’ll need to pay.

If you look at the home page of, the pricing will show up as below. Pricing

That sounds good, but what confused me was that the only options I continued to see when logged into were the ones seen below. Trial Mode Pricing

So, even though I thought I was on the $0 (up to 100 transactions plan), I was limited to only importing a sample set of historical data.

Setting Up an Automation

I’ll start off testing out the automations by setting up an expense automation.

Setting Up Automation

As seen above, I’m asked to choose a destination category: Cloud Storage or Accounting Software. I’m a bit stumped at this point as I’d kind of like both, but I go with the Accounting Software route.

Automatically add PDF bills

About the author

Greg Lam

Greg Lam is a passionate small business guy who loves technology and automation. He holds a BBA from Simon Fraser University, Canada. He's a Certified QuickBooks ProAdvisor, Certified Xero Partner, and Kashoo MVP. His business interests are focused on online accounting and how it can be used to streamline and automate a company’s accounting processes. He currently lives in Tokyo, Japan.

Greg operates the Small Biz Doer website, an "Entrepreneur's Guide to Small Biz Bookkeeping." He is the author of Online Accounting Software: Finding the Right Match, published by The Sleeter Group.

Connect with Greg on Twitter, Google Plus, YouTube, LinkedIn, or Facebook.

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