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 […]
There are regulations in some countries that require you to pay taxes not only on sales but also on expenses and fees. Even if in your case the taxes on fees and expenses are zero-rated, proper accounting demands that they are recorded as such. Synder allows you to select the tax rate which should be […]
Learn more about Gusto Synder integration for your QuickBooks or Xero. Learn more about Payroll Management and how Synder can help you with it.