With Synder you are able to synchronize your GoCardless transactions (sales, fees, refunds) to a Synder, QuickBooks, QuickBooks Desktop or Xero accounting company for one-click reconciliation and detailed Profit and Loss. Any currency scheme on GoCardless is supported (as Synder supports multicurrency). Learn more about multicurrency feature. Note: GoCardless lets you synchronize your sales and fees only when you […]
Category: GoCardless
How to Reconcile GoCardless Transactions in Xero
Overview: General Synder flow explained Synder Settings – Configuring Accounts Reconciliation flow in Xero General Synder flow explained Synder can supercharge your accounting and make reconciliation easier. Here is an outline of the reconciliation flow for the GoCardless integration. Synder normally works with two bank accounts: One account is a clearing one, used for recording […]
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 […]