How to connect Stripe to Xero

Learn how to set up your Stripe Xero integration by Synder. Step 1: Stripe Connection Whether you are setting up your account for the first time (photos #1, #2, #3) or adding another form of payment (start from the photo #4, then you will be redirected to #3) you can connect your Stripe account. Step […]

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Reconcile your checking bank account in Xero

In this guide you will learn how to reconcile Stripe/Shopify/Square/LawPay/Ecwid/Pin Payments transactions synchronized by Synder app to your Checking bank account in Xero company. 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) […]

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Customize Stripe settings (Xero integration)

Overview: General settings Sales Products/Services Taxes Fees Application Fees Payouts This guide will give you some more details upon settings that can be customized in Synder to tailor it to your needs for your Stripe Xero integration. To access Settings, click Gear Icon on the top right corner of the app. 1. General settings 1 – […]

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Synder auto-reconciliation feature for Xero

When Synder integrates the payment processor with Xero accounting it creates a clearing bank account for temporary storage of synchronized transactions (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 and expense transactions in the clearing […]

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Apply Tax on Fees in Xero

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 […]

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Can Synder sync transactions in multiple currencies to Xero?

The answer is Yes. Synder will sync transactions in foreign currencies to a clearing account in your Xero Chart of Accounts and then transfer the funds to your checking account. The setup for all transactions to be put into one account is ready by default, so there is no need to do anything besides synchronizing […]

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How are the payment processing fees accounted for?

Once you sync the transaction from the payment processor into your accounting company the Sales Receipt (or Invoice + Payment) for the total amount of sale and the Expense for payment processor fees will be created on QuickBooks/Xero side.  To check the Expense created in your accounting company please follow the simple steps below: Press […]

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