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Reconcile Multiple Payments to Multiple Invoices (1:13)

 

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4 comments

Matthew B
16 August 2010 #

I get a payments company to direct debit my clients. They then pay me in one daily aggregated payment after deducting their fees. So I need to reconcile that one payment with multiple invoices, which are under different client names. I then need to add a fee for the payments company.

Is there an easy way to do this? I’ve been kludging it by entering a negative balance to the fees account to make the payment balance, but there must be an easier way…

Xero Review
28 August 2012 #

[...] receive a payment for an invoice in Xero you need to open up the invoice. http://blog.xero.com/2009/01/reconcile-multiple-payments-to-multiple-invoices-139/. For each invoice you want to receive payment for, you need to open up each separate invoice and [...]

Rob G
3 November 2012 #

Hi
Following on from Matthew’s question, I have slightly less complex situation. We are starting to bill our clients by electronic direct debit, with each payment relating to 1 invoice. The payment company takes a 1% fee for every transaction. So the amount we receive will be the invoice total minus 1%.

Will Xero be able to automatically match the payment to the invoice? What rules do you use to do the matching?

Cheers

Joanne Van Heeswyk
18 September 2013 #

I would like to know how to add a payment to invoices without having to do each one indiviually

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