How to reconcile your payment transactions
Once the Xero Payments Feed is set up, you'll receive detailed transaction information, including payment sales amounts, fees, and refunds.
Below is an illustration of the end-to-end flow for reconciliation.
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After the payment is settled, navigate to the "AWX_{Account Nickname}_{Currency}" Bank Account in Xero to view the payment transaction details. You will typically see transactions for: a) Payment amount, b) Fees and c) AWX Online Payment Settlement amount.
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Transfer the payment amount to the Xero Bank Account where you record your sales
- Match Airwallex surcharges and fees to an appropriate account
- Then, match the settlement amount by performing a transfer to the Bank Feed Bank Account (Account should be named AWX_{account nickname}_{Cash}_{Currency})