Step Five (Xero): How to Reconcile Invoices with Amazon bank payments
updated 25 days ago
Settlements are imported to Xero as Sales Invoices which can be matched up against your bank payments from Amazon.
On the top toolbar in Xero select and then .
You should come across your Invoice in Awaiting Approval.
We recommend checking the Invoice to make sure it looks correct. Once you confirm everything looks correct click
Head over to your bank account feed by selecting and then on the top toolbar. Scroll down and select the correct bank account with your Amazon payment.
Scroll down and select Find the Amazon bank payment matching your Sales Invoices and select on the right side.
Find and select the corresponding . You may need to search by name (e.g., Amazon.com).
As shown above, we select both of the corresponding invoices, which turns the amount green. Scroll to the bottom and select to mark the invoices as paid and reconcile with your bank deposit.
In the example above, if a settlement period is between two months then you can have taxomate automatically split the settlement into two invoices (one for each month). You can change this setting in Settings > Invoice.
If you have a bank account in Xero in a currency that does not match your Amazon invoices, then please ensure that you've unchecked the option in the reconcile screen.