With Synder you are able to synchronize your GoCardless transactions (sales, fees, refunds) to your 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 get settlements for them. So, you might not see several of the most recent transactions in the account if they were not paid out to your bank yet.
Overview:
Start the GoCardless integration from scratch
1. Create an account
If you’re getting started with Synder you’ll need to create a free Trial account and connect your accounting system first. Check out this guide if you would like to integrate your payment platform with QuickBooks Online or Xero, and this article to connect your QuickBooks Desktop company.
2. Provide your business details
Going through the set-up process of an Organization for your QuickBooks/Xero company, fill in the information about your business and hit the Next step button.
3. Select the platforms you’d like to integrate
Now you need to select the platforms you would like to connect to Synder. Click View all integrations to see the list of all available platforms.
Note: Mark all the services you are using to receive payments, you will be able to connect all of them right away or skip the connection of particular integrations and set them up any time later.
4. Connect your accounting platform
Select the accounting company you’d like to connect to Synder and click on Next step.
Note: If you are connecting QuickBooks Online or Xero, you will be prompted to select the sync mode. Proceed with the desired option.
Click on Connect to connect your accounting company.
5. Connect your GoCardless account
Almost there! To complete the setup, you just need to connect your GoCardless and other sales platforms to Synder. Hit the Connect button.
- Log into your GoCardless account to grant permissions to Synder.
Note: If you do not have admin access in GoCardless, please hit the Invite account owner button and specify the account owner email. They will receive an invitation via email and will be able to grant the required permissions and connect GoCardless to Synder.
6. Set up the GoCardless integration
To complete the setup for the GoCardless integration, choose an account for payouts (usually, your Checking account) that will allow smooth reconciliation of your GoCardless transactions in one click. Hit Continue to finish the configuration.
You can integrate sales platforms one by one straight away or skip the connection for other additional payment processors and set them up later in the Settings: click on the Person icon in the upper-right corner, then select My account, and click on Add integration.
Note: You can find our detailed guides on how to connect your sales channels and payment providers to Synder in our Help center.
Tips and tricks on the GoCardless integration
Note 1. Synder will create a clearing account called “GoCardless (required for Synder) account” in your chart of accounts and all the individual sales, fees, refunds will be stored there, the same way your GoCardless stores money initially.
Note 2. Once GoCardless makes a settlement (transfer of funds) to your bank, Synder will record the transfer for the same amount from the clearing account to your checking, which you need to select in the Payouts tab in the settings page for smooth reconciliation.
Note 3. Check whether taxes are enabled here, this way you will make sure Synder is going to record sales taxes reflected in GoCardless to the proper tax fields in your accounting for correct tax reporting. Learn more about the customisation settings in Synder.
Note 4. Synder protects your data with two flagship features: duplicate detector and rollback. You can give yourself peace of mind knowing that all the power is in your hands and your accounting is secured.
Reach out to the Synder team via online support chat, phone, or email with any questions you have – we’re always happy to help you!