Xero


How should the bank feed (money paid from Yoco and deposits made to the bank) be recorded to these transactions?


Depending if your bank feed is automated or if you import the bank transactions from your bank statements, you'll have to reconcile for bank transactions in Xero to accounts or invoices.

For card transactions: The money received should be accounted to the Yoco Settlement account.

  1. Dr. Bank
  2. Cr. Yoco Settlement account
For cash transactions: The money received should be matched to the invoice generated on a daily basis for cash sales.

  1. Dr. Bank
  2. Cr. Debtor - Yoco technologies
For source documentation on the cash sale, we would suggest the Yoco Business Portal as a source for the receipt.
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