We’ve invited some Azlo customers to beta-test a new feature that allows you to view detailed information about Stripe and Square transactions within your Azlo account.
How it works
Typically, payment processors like Stripe and Square will process many different payments and then deposit them, in batches, in your bank account. For example, if you process 5 different $20 payments in a single day, your payment processor will deposit them as a lump sum ($100 less processing fees) in your bank account.
If you’re one of the beta-testers for this new feature, you’ll be able to look at the lump sum deposit and see a list of the different payments that are included. If you send invoices via Azlo and accept payments for these invoices via Stripe and Square, we’ll also automatically match the payment with the invoice as the funds are deposited into Azlo.
Setting it up
First, you need to be invited to the beta. If you’d like to become a beta-tester and you haven’t received an email invitation yet, send us a note at email@example.com and we’ll see if we can add you.
Next, make sure your Square and/or Stripe accounts are connected to your Azlo account. You can find step-by-step instructions on how to do this here.
Viewing transactions details
Once you’ve taken the setup steps above, log in to Azlo on a computer. You should see a little plug icon next to your Stripe and Square deposits.
When you click on the transaction, you’ll see a list of the different transactions that are included in the lump deposit.
Auto-tagging of transactions
In the example above, you can see the transaction is tagged with the Lunatap tag. This tag was applied automatically because we were able to detect that one of the transactions bundled into this deposit was made with Lunatap.
Right now, auto-tagging is only available for Stripe deposits. We are planning to offer it for Square in the future.
Automatic invoice reconciliation
To take advantage of this functionality, you’ll need to have a Stripe or Square account connected to Azlo, send an invoice via Azlo, and receive a payment via the connected Square or Stripe account.
If all these conditions are met, we’ll be able to automatically associate the invoice payment with the invoice itself when the funds are deposited into Azlo. Take a peek at the screenshot below—these are the transaction details for a Square deposit that includes the payment for Azlo invoice #0085. As you can see, we were able to automatically note that information in the transaction details (under “Bundled Transactions”). We were also able to automatically mark the invoice as paid.