Sellers have told us that accounting and bookkeeping for their Etsy shops can be time-consuming and challenging. They dream of getting rid of manual work and simplifying their lives by looking for the perfect finance software for easy cash flow management. Being a smart accounting solution Synder records live transactions automatically, reflecting all essential details […]
Category: Etsy
How to set up automatic synchronization
Once you finish the connection and setup, we recommend testing Synder with several transactions to make sure everything looks good (remember you have a free trial once you create a new account in Synder). Once testing is done, you may be confident that automatic synchronization will save your time on manual data entry. The auto-import option is […]
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 […]