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
    g

Xero | Bank Reconciliation | Theft Prevention Pty Ltd

3 Steps
1

Go to the Paysmart Collection line in Xero

Go to the Paysmart Collection line in Xero
2

Click on Find & Match

Click on Find & Match
3

Unpaid invoices will show

Unpaid invoices will show
    e

Go to Paysmart

8 Steps
4

Enter PIN

Enter PIN
5

Click on Login

Click on Login
6

Click on Reports

Click on Reports
7

Click on General Reports

Click on General Reports
8

Select Receipts Report

Select Receipts Report
9

Click on View Report

Click on View Report
10

You will see the client collection for the latest collection

You will see the client collection for the latest collection
11

Copy the client names one by one

Copy the client names one by one
    g

Go back to Xero

3 Steps
12

Search for unpaid invoices for that client

Search for unpaid invoices for that client
13

Click on Go

Click on Go
14

Check the amount

Check the amount
    e

Go back to Paysmart

2 Steps
15

See if the amount matches

See if the amount matches
16

Do this for all the lines shown in the Paysmart report

Do this for all the lines shown in the Paysmart report
    g

Xero | Bank Reconciliation | Theft Prevention Pty Ltd

9 Steps
17

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

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
18

Click on Adjustments

Click on Adjustments
19

Click on Bank fee

Click on Bank fee
20

Type "paysma"

Type "paysma"
21

Click on Paysmart

Click on Paysmart
22

Type "bank charges"

Type "bank charges"
23

Type "bank"

Type "bank"
24

Type "5.20"

Type "5.20"
25

Click on Reconcile

Click on Reconcile
    e

General Reports: Receipts

0 Steps
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