Bookkeeping

Flight School Booking's billing system integrates with the most popular bookkeeping packages. Configure the link at Admin > Billing > Bookkeeping. If you use another package, you can use the Accounting summary report under Billing > Reports, which provides the same information in a form you or your accountant can manually enter.

People tend to think their bookkeeping software needs to keep track of all transactions in case the tax authority asks to see their records in detail. But it's perfectly acceptable to show summary transactions in the books and individual transactions in Flight School Booking. Tax authorities may ask to see your top ten highest invoices over a particular period. This information will be available in the booking system. Likewise, if they ask to see a full list of transactions, these are all available for inspection too.

Flight School Booking can link directly with the accounting packages below, posting a manual journal every day summarising your financial transactions.

Note: this is appropriate for businesses using the accrual method of accounting for VAT, if your business uses a cash scheme you will need to adjust for unpaid balances using the balance on FSB Ledger at the start and end of the period.

Whose software do you use?

	Xero You can add Stripe as a bank feed, meaning it will import gross payments, fees and payouts daily. Bookkeeping with Stripe set up like this adds another account to the list, making the system seem more complicated, but using Bank Rules the actual process is simplified. Find out how to integrate with Xero.
	QuickBooks Flight School Booking will post daily journal entries, separating Stripe receipts and fees into two clearing accounts. When reconciling the bank feed, pick the Stripe (receipts) account for incoming payments from Stripe. When Stripe invoice for their fees, make payments from the Stripe (fees) clearing account. Find out how to integrate with QuickBooks.
	Sage If you use Sage Business Cloud Accounting, Flight School Booking will post daily journal entries in the same was as described for QuickBooks. Find out how to integrate with Sage.

Lastly, if you use another bookkeeping package, find out how to use summary reporting manually.