What Is Withheld Tax? Marketplace Facilitator Tax is a tax collected and remitted by Amazon, eBay, Etsy or PayPal on your behalf, due to agreements with the specific states in the USA or other countries (Canada, etc.) The trading platforms have been making agreements with states to collect and remit taxes on your behalf, thus […]
Category: eBay
How to connect eBay to Accounting Software
Struggling to find an easy and reliable way to integrate your eBay store with your Synder accounting, QuickBooks or Xero company? You can call off the search now! With the eBay integration by Synder all your eBay sales, corresponding eBay fees and eBay sales taxes will be automatically transferred and prepared for one-click reconciliation in […]
Reconcile your checking bank account in Xero
In this guide, you will learn how to reconcile your sales platforms transactions synchronized by Synder to your Checking bank account in Xero. There are two ways to do it: Automated way using Payouts feature (more accurate) Manual way (creating transfers manually from the Bank Feed) 1. Automated way using Payouts feature (more accurate) 1) […]
Automatic Xero clearing account reconciliation
When Synder integrates the payment processor with Xero accounting it creates a Clearing bank account (a so-called Holding account) for the temporary storage of synchronized transactions (the same way as the payment processor holds the money for some time before paying them out to your bank). Auto-reconciliation feature allows to mark all the synchronized income […]