SME accounting software Clear Books integrates with Stripe

Clear Books, which provides over 13,000 SMEs with accounting and payroll software, has today revealed its partnership with payment processing firm Stripe.

The integration will make it easier for Clear Books users to accept card payments, meaning businesses get paid faster and making it easier to keep on top of their accounting. 

From today, SMEs that already use Stripe to collect both credit and debit payments outside of Clear Books will be able to automatically import the transaction data into the accounting software. 

Businesses will also be able to add a ‘pay now’ button onto invoices. The button will open up a Stripe payment form, allowing SMEs to accept card payments. 

Ruth Fouracre, CEO of Clear Books, said: “The integration with Stripe makes it easier for our customers to get paid, and easier for them to do their bookkeeping.” 

“The increased pace of new feature development at Clear Books is all about the customer - all our new features are to make Clear Books the easiest-to-use accounting software for small businesses.” 

Earlier this year, Clear Books announced a partnership with digital banking service Revolut Business, which allowed Revolut’s business customers to track paid and outstanding invoices, look at records and expenses and automatically generate financial reports. 

Clear Books has continued to expand its offering to SMEs, also integrating with other payment providers PayPal and GoCardless, both in February of this year. 

Clear Books provides online accounting software for small businesses, contractors, freelancers and sole traders, a section of the UK’s workforce that has been particularly hit by the coronavirus pandemic. 

Early on in the crisis, the initial government-backed loan scheme, the Coronavirus Business Interruption Loan Scheme (CBILS), was not available to sole traders. 

Following lobbying from 250 accounting firms, including fellow SME accounting firm Countingup, the government later introduced the Bounce Back Loan Scheme (BBLS), that was aimed at smaller businesses and could be accessed by freelancers and sole traders.