Reconciling Payouts in Xero

  • Updated

Overview

This guide explains how to match payout transactions from Re-Leased Pay with your bank statement in Xero to ensure invoices are correctly reconciled.

The following assumes you have an automated bank transaction feed that imports transactions. If not, you will manually import the bank transaction file as per Xero guidance. 

Reconcile payments

On your Dashboard, click 'Reconcile items' from the Business Bank Account panel

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Find the bank transactions you wish to reconcile. For Re-Leased Pay payouts, it will show a reference ID similar to AA-A1A5A3A5A4A8

Xero will display a green match automatically as it will link the bank statement line and Re-Leased Pay reference  with the related transactions (invoices).

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In this case, click 'OK' to reconcile.

 

If payments do not match

If the payments do not match, navigate to Re-Leased Pay -> Payments -> Payouts

  • Make sure you have the right company selected
  • Look-up the payment reference. Consider using ctrl+F or cmnd+F to find the payment reference
  • Click 'View' to see the payout details. 
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  • You will find more information about the status of each invoice included in the batch payout.

 

Troubleshooting

  • Invoices missing: Check if they have been paid out in Re-Leased.

  • Missing transactions: Trigger a manual sync between Re-Leased and Xero.

  • Reference mismatch: Search manually in Account Transactions.

  • Multiple bank accounts: Ensure the correct account is selected.

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