Why does the sum of my Yield transactions not equal my Yield balance?
Your Yield balance will not equal the total sum of your individual transactions. Your holdings in Yield generate earnings in two ways:
- During each month, the unit price of your holdings increases as the fund generates income.
- At the end of each month, the fund distributes the income generated during the month to you in the form of additional units in the fund. The article Understanding your Yield balance explains how distributions work.
Your lifetime earnings as reported in Yield capture both types of earnings. To perform a sense check, you can use the following reconciliation:
Deposits – Withdrawals – Balance = Yield Distributions + other Yield Earnings = Lifetime earnings
Reconciling a Yield account to a Xero account
Why is my Yield balance different from my Xero balance?
Yield is unit-based. When you deposit funds into your Yield account, you are buying units in the Airwallex Yield Liquidity Fund. Your Yield balance updates daily to reflect unit price changes on a daily basis. For more details, see: Understanding your Yield balance
Xero is cash-based. The balance shown on your Xero bank feed is the total sum of the cash value of all your Yield transactions.
See below for an example of how Yield and Xero interact:
| Date | Yield transaction | Transaction value | Unit price | Unit balance |
Yield balance on Airwallex account |
Yield balance in Xero |
| 14/01 | Deposit | $100,000.00 | $1.0000 | 100,000.00 |
$100,000 |
$100,000.00 |
| 15/01 | - | - | $1.0010 | 100,000.00 |
$100,100 |
$100,000.00 |
| 16/01 | - | - | $1.0020 | 100,000.00 |
$100,200 |
$100,000.00 |
End-of-month Xero balances should reconcile with your monthly Yield balance statements from February 2026 onwards.
The next section explains how your earnings are reported as a Monthly Return in Xero to support this reconciliation.
What is Monthly Return?
Monthly Return is a Xero-specific transaction that captures the total earnings you made in Yield over that month (net of any deposits and withdrawals).
This is different from the distribution transaction which appears in Yield. The article Understanding your Yield balance explains distributions in more detail. Importantly, your distribution amount may not reflect your cumulative Yield gains.
What you can do
- First, refresh your Yield Xero Bank Feed. You can use this article from Xero as a guide. You may see additional transactions appear in this bank feed to correct historical discrepancies.
- If you have created any manual journal entries for your Yield Xero bank account, you will need to remove these to help ensure end-of-month balances reconcile going forward.
- Reconcile your Xero balances against your monthly Yield balance statements.
- If you continue to see discrepancies, please get in touch with us via support or here.