By default, Re-Leased Pay allocates payments to a Bank-type Chart of Accounts (COA). If you use bank reconciliation in your connected accounting software, you can instead direct payments to a non-bank COA — such as Undeposited Funds — so that receipted funds don't affect cash reports until they are formally reconciled.
Step 1: Enable Payments on the Non-Bank COA in your accounting platform
Within Xero, navigate to Accounting > Advanced > Chart of Accounts.
Select the account you want to use (e.g. Undeposited Funds) or create a new one.
Tick Enable payments to this account.
Click Save.
Note: After making changes in Xero, trigger a sync so the updates flow through to Re-Leased.
Step 2: Set the Default COA in Re-Leased Pay
Navigate to Settings > Re-Leased Pay.
Open Re-Leased Pay Settings.
Change the default Chart of Account for payments to your chosen non-bank COA.
Save your changes.
How It Works
Once configured, Re-Leased Pay payments will be allocated to the non-bank COA instead of your bank account code. The funds sit in Undeposited Funds (or your chosen account) until you reconcile the corresponding bank transaction. This keeps your cash reports clean and accurate in your accounting software until funds are confirmed received.