Usually, it is possible to link a bank feed deposit to invoices manually in your accounting when invoices are not yet deposited (stored on “Undeposited funds” for example). To do this, you need to double-check what exact invoices/expenses are composing this deposit, which is time-consuming.
Synder solves this in a way that you do not need to link each individual invoice to the deposit, as there is a transaction called payout* which is supposed to be linked to it.
*Payout is a money transfer from your payment processor to the bank.
Payout is an exact match for your bank feeds records, and it gets linked automatically by QuickBooks/Xero, so the only thing you need is to click “Match”/“OK” to confirm it.
Each invoice/sales receipt/expense created by Synder is deposited to the clearing account (for example “Stripe (required for Synder)” or “PayPal (required for Synder)”), and then it is a payout that is taking the amount from the clearing account and transfers them to your checking account for quick reconciliation.
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!
Learn How to Fix Inventory Products Sync Fail with out Guide.
