How to Reconcile Paysmart Payment Collection to Xero
K-B
Khollen - BraveSecurity.com.au
Created Apr 04, 2024
How to Reconcile Paysmart Payment Collection to Xero
11
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Xero | Bank Reconciliation | Theft Prevention Pty Ltd
3 Steps
1
Go to the Paysmart Collection line in Xero
2
Click on Find & Match
3
Unpaid invoices will show
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Go to Paysmart
8 Steps
4
Enter PIN
5
Click on Login
6
Click on Reports
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Click on General Reports
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Select Receipts Report
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Click on View Report
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You will see the client collection for the latest collection
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Copy the client names one by one
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Go back to Xero
3 Steps
12
Search for unpaid invoices for that client
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Click on Go
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Check the amount
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Go back to Paysmart
2 Steps
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See if the amount matches
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Do this for all the lines shown in the Paysmart report
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Xero | Bank Reconciliation | Theft Prevention Pty Ltd
9 Steps
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After choosing the correct invoices that matches the lines in Paysmart. You will notice there will be total mismatch in Xero. Amount should just be $3-$10, that's the Paysmart collection fee
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Click on Adjustments
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Click on Bank fee
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Type "paysma"
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Click on Paysmart
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Type "bank charges"
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Type "bank"
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Type "5.20"
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Click on Reconcile
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General Reports: Receipts
0 Steps
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