1. Unveiling the Synder Sync<\/a><\/p>\n 2. Exploring the “Summary” and “Per-Transaction” options<\/a><\/p>\n\t 3. Understanding the Sync Credit<\/a><\/p>\n 4. The Rollback Feature Explained<\/a><\/p>\n\t 5. Auto vs. Manual import for tailored control<\/a><\/p>\n\t 6. Support and Resources<\/a><\/p>\n\n\n\n The synchronization process<\/a>, often referred to as “sync,”<\/strong> involves the transfer of financial data between the data source where the original data is generated: e-commerce platforms (such as Stripe, PayPal, Shopify, etc.<\/em>) and the target system: accounting company (such as QuickBooks Online, QuickBooks Desktop, Xero, or Synder Accounting<\/em>). Synder Sync orchestrates a one-way <\/strong>journey: from the payment platform to your accounting company. Its purpose is crystal clear \u2014 to automate the transfer of financial data across different systems, eliminating manual input errors and discrepancies.<\/p>\n\n\n\n Synder Sync is your financial data’s best friend, offering multiple integrations<\/a> and synchronization modes <\/strong>(<\/em>\u201cPer Transaction\u201d<\/strong> or \u201cSummary\u201d<\/strong>)<\/em> to cater to diverse business and accounting needs. Businesses and accountants alike benefit from its streamlined approach, enabling efficient management of financial data across platforms and accounting software. Accurate records not only facilitate informed decision-making but also ensure compliance with tax<\/a> regulations and financial reporting standards. Through this step-by-step guide, we emphasize the significance of reviewing synchronization results to guarantee the integrity of your financial records. Begin by accessing the \u201cPlatform transactions\u201d<\/strong> tab located on the left side menu. Here, you will find a comprehensive table displaying essential information about the synced transactions. For further insights, clicking the “Explain”<\/strong> button will direct you to sync logs specific to that transaction. If you wish to delve deeper into the results, selecting the “Show in QB” <\/strong>button will redirect you to the QuickBooks entity created, enabling you to thoroughly examine the synchronization outcomes.<\/p>\n\n\n\n By following the steps outlined in this guide, you can streamline the synchronization review process, mitigate potential issues, and gain valuable insights into your financial operations. <\/p>\n\n\n\n If you are not satisfied with the synchronization results based on the original data provided by the payment platform and do not wish to make manual corrections, Smart Rules Designed for accountants and business owners can come to your rescue. These rules offer advanced data entry customization and can fill in gaps with missing data in QuickBooks Online\/Desktop.<\/p>\n\n\n\n Here are some of the use cases it covers:<\/p>\n\n\n\n Synder offers a variety of integrations<\/strong> and synchronization modes<\/strong> to cater to your unique business and accounting needs. These two modes, “Summary”<\/strong> and “Per-Transaction,”<\/strong> serve as the foundation of your synchronization journey, allowing you to tailor your approach according to your preferences. More info {here}<\/a>.<\/p>\n\n\n\n Summary<\/strong><\/p>\n\n\n\n Imagine a daily digest of your transactions, neatly summarized and ready for integration. The “Summary” sync mode aggregates your transactions on a daily <\/strong>or per payout basis<\/strong>, simplifying the data transfer process. This mode is ideal for high transaction volumes<\/strong> and situations where aggregated financial data <\/strong>suffices. Accountants managing multiple clients<\/strong> can benefit greatly from the efficiency and simplicity<\/strong> of this mode, as only financial data is transferred\u2014leaving out customer and product details. Per-Transaction<\/strong><\/p>\n\n\n\n For a more detailed <\/strong>and granular approach<\/strong>, the “Per-Transaction” sync mode emerges as the hero. This mode meticulously transfers individual transactions<\/strong>, maintaining a high level of accuracy<\/strong>. Accountants gain comprehensive insights into their clients’ financial activities, as each transaction carries its customer information, product details, quantities, discounts, and taxes. Transactions are updated almost instantly<\/strong>, typically on an hourly basis or daily (depending on the subscription plan<\/a>) ensuring that your financial records remain true to every transaction’s essence. In the realm of Synder, sync credits are the currency of synchronization<\/strong>. Each sync credit represents the synchronization of a transaction. Whether you’re syncing a payment, an invoice, or any other transaction type (excluding non-transaction fees), it only consumes a single sync credit. For example, even if a single sync involves multiple actions \u2014 such as generating a sales receipt plus an expense or an invoice payment \u2014 it still accounts for just one sync credit.<\/p>\n\n\n\n Both sync modes \u2014 “Summary” and “Per Transaction” \u2014 consume sync credits consistently. Syncing a single transaction deducts one sync credit from your balance. However, when syncing a summary, which might encapsulate multiple transactions, the number of sync credits deducted matches the count of transactions within that summary.<\/p>\n\n\n\n To determine your sync needs, generate a report detailing total transactions, excluding non-transaction fees. This will help you gauge the volume that your subscription can accommodate.<\/p>\n\n\n\n Mistakes happen, but with Synder’s rollback function<\/a>, rectifying synchronization errors is a breeze. The rollback feature removes the transaction entirely from your QuickBooks or Xero, leaving your accounting data unscathed. Your financial records remain harmonious, even in the face of the occasional misstep.<\/p>\n\n\n\n Synder understands the importance of choice. With auto-import<\/a> enabled, ongoing transactions seamlessly synchronize as they enter the system. If you prefer a hands-on approach, you can toggle auto-import off and manually select transactions for synchronization using the historical data import<\/a> feature. Flexibility and control \u2014 Synder delivers both. At Synder, we’re dedicated to fueling your success with an array of resources and tools. As you embark on your path to achievement, our treasure trove of valuable information awaits at your fingertips. Dive into our curated tutorials library<\/a> for step-by-step guides and expert tips to conquer challenges. Our knowledge-base<\/a> articles are tailored to your needs. Thank you for choosing Synder as your bookkeeping solution. Here’s to your ongoing success in all your endeavors!<\/p>\n\n\n\n\n\t
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Unveiling the Synder Sync<\/strong><\/h2>\n\n\n\n
The sync can be initiated automatically<\/strong>, or you can trigger it yourself manually<\/strong>. After the synchronization process is finalized, you will receive email reports confirming the successful transfer and integration of the data.<\/p>\n\n\n\nFunctionality and Purpose<\/strong><\/h3>\n\n\n\n
Features and Benefits<\/h3>\n\n\n\n
Targeted at businesses and accounting professionals who value accurate financial data synchronization and recording.<\/p>\n\n\n\nSync Results Check<\/strong><\/h3>\n\n\n\n
In order to review the synchronization results, let’s take a look at a particular use case of the Stripe Subscription Payment <\/em>synced to the QuickBooks Online company, following these simple steps. <\/p>\n\n\n\n![\"\"\/](\"https:\/\/lh3.googleusercontent.com\/fqAJWpumPF7rLR_I2Rhf10p5GWHqBsTxaJpU8T7dzH8l_EXxg41G6u3j3dNatQHf26Qw674Hfgp9ruoAkwpenSe78UAYWGQxFNPQ4f9x_Mzyfl-7YI7gd4nHTFvEognKrm4cpqHlf5lhsM-64cKTbvw\")
For instance, under the “Transaction Info”<\/strong> column, you will encounter details such as the Customer’s name<\/strong> (Vanessa Mary Blake) and the Transaction ID<\/strong> (ch_3Nj5WNIVStoHBgKD031UDMGp).
The “Transaction Type”<\/strong> will be labeled as “Subscription Payment,” and the corresponding “Amount”<\/strong> will be specified, for instance, 3,330.00 USD. The “Transaction Date”<\/strong> will also be provided, indicating the date and time (12:18 25 Aug 2023) of the transaction.
To ascertain the synchronization status, locate the “Sync Status”<\/strong> column; successfully synced transactions will be marked as “Synced.” <\/p>\n\n\n\n![\"\"\/](\"https:\/\/lh4.googleusercontent.com\/5orYyfnmjcQ8V7xEb8YUFGl61cbRLvBGo9YxJlUUpAwML09-Vwpl-Hfp7rEGdQ8pDJ-rIMRBnuQugvTiNUbRT8ZGo5CgyRAm7CysgqWVp81hXnJJOOY8k4qFV3k20_7R0IsoekLsrR45CInQBbl5QFU\")
![\"\"\/](\"https:\/\/lh5.googleusercontent.com\/302l-Z14m5BzJ12XtGsEo78FMJoBx-0Ci8rVX7NKDIpZvkuWxUzIBAYJaGHSza7n6kCn0vs3JI30zzXE6xunIEiMe8P8M0AcdUZx-fzXEjoUirq3dgvVk97FgFUfkShluDQFnNvRbtMwOlrfU0XNF40\")
![\"\"\/](\"https:\/\/lh6.googleusercontent.com\/xaHe5JRUMklAiDu37EqnNM1YW67G1iffYP9jwa6pZ2ptR59jhyarBSDI1toCgyNauTr849xjyd-jg_3rvgv-ZyXLwYZApyxTNCx5FFtZ2PLY3q-QJdWtbcxZROA1cgYpmH2-aBRt2gdkubyD3qP3wvA\")
![\"\"\/](\"https:\/\/lh6.googleusercontent.com\/oO_f7vEYVliEkO645X2uAuLMnFjSb5ehw_6zhInccHra1MlOsloMS_nGgP_TTGQO91o-QmZJ2KWjqA2-ggrVOqIaojcZidqvuPJ7HOY6WFVsee5_xaCExyugNMYset3evtaAUxw3ajnqe_RyfrvD_ow\")
![\"\"\/](\"https:\/\/lh3.googleusercontent.com\/QXSezA5jIXU2asQFF8FnRPZv1x4NRJC4urwmfpK1uE_-YyZeoTu2KUI9wp8HektgSLd_JNyWsAkMzyjw2397DBx5Xxz6WM3fbxWffaSExhlJqPZPBu0BSSKKbpdTl57Q_-apVFzj6frN-tJ0xhtJH1s\")
Exploring the “Summary” and “Per-Transaction” options<\/strong><\/h2>\n\n\n\n
This mode suits those who prioritize aggregated financial data, rely on their accounting company for reconciliation and tax reporting, and do not require extensive reporting and analytics within their accounting software.<\/p>\n\n\n\n
Per transaction sync empowers you with the ability to meticulously track every financial interaction, making it a preferred choice for those who require thorough reporting, analytics, and real-time updates.<\/p>\n\n\n\nUnderstanding the Sync Credit<\/strong><\/h2>\n\n\n\n
How to sync credits are consumed in different scenarios: Summary vs. Per-Transaction<\/strong><\/h3>\n\n\n\n
Estimating sync credit needs based on transaction volume<\/strong><\/h3>\n\n\n\n
The Rollback Feature Explained<\/strong><\/h2>\n\n\n\n
Auto vs. Manual import for tailored control<\/strong><\/h2>\n\n\n\n
As you journey through the world of Synder, synchronization evolves from a complex task to a symphony of simplicity. Whether you’re embracing the efficiency of “Summary” or reveling in the granularity of “Per-Transaction,” Synder empowers you to synchronize your financial data with grace and precision. With sync credits, rollback functionality, and auto-import options, the system places you in the conductor’s seat, orchestrating a harmonious financial performance like never before.<\/p>\n\n\n\nSupport and Resources<\/strong><\/h2>\n\n\n\n
We know success’s road may have hurdles, but you’re not alone. Our support team is a click away, offering personalized assistance.
Our exceptional tools are backed by devoted experts, providing 24\/7 support across channels. At Synder, you’ve got a dedicated partner ready to overcome any hurdle.
Learn more about Synder<\/a> and join a webinar<\/a> to experience what sets us apart. Start your 15-day free trial<\/a> and unlock the benefits of our smart automation tool.<\/p>\n\n\n\n