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  1. Reconcile individual payments (NOT Bank Statement)

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    4 comments  ·  Accounting API  ·  Admin →
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    Anonymous commented  · 

    Hello there,
    I guess the Synder app can be helpful for you on this point. It helps to record individual transactions from Stripe, etc. into Xero automatically and also records payouts from Stripe to help on reconciling. Let's say you have a payment in Stripe then the app creates an invoice + payment for it as well as bill + payment for Stripe fees. Once Stripe transfers funds to your real bank account the app does the same but in your books. It records payout as a transfer from your clearing account into your checking account. So as the result, your bank feed will be prematched. You can have a look at this guide to see how the system work https://synderapp.com/help/reconcile-checking-bank-account-in-xero-with-synder/

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