Tag: xero
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How to reconcile invoices in Xero with incoming deposits from the sales channel
Once you have sent a settlement to Xero you will be able to reconcile the settlement against the disbursement Amazon, eBay, Shopify or Etsy will have paid out to your bank account. If you need guidance on how to send your settlements to Xero from Link My books read this help article. The good thing…
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How to reconcile foreign currency settlements through Xero
Reconciling foreign currency settlements against their local currency amounts in Xero differs depending on whether you use Amazon currency conversion tool or not. If you have entered your GBP bank account as the deposit account for all your Amazon funds, including those in EUR, USD and CAD, then Amazon will use their Amazon Currency Conversion…