Cin7 Pay reconciliation

Cin7 Pay reconciliation

Overview

Use this page to understand which Cin7 Pay transactions sync to Xero and QuickBooks Online and how they reconcile.

Transactions created by Cin7 Pay

Cin7 Pay creates the following transactions:

  • Payments

  • Payment fees

  • Surcharges

  • Payouts

Transactions that must sync for reconciliation

This table shows which transactions must sync to Xero or QuickBooks Online for reconciliation.

Transaction

Note

Invoice

Required

Payment

Required

Payment fee

Required

Surcharge

Required only if surcharges are activated

Payout

Required

Credit note

Required if a refund is issued or goods are returned

For instructions on creating refunds or returns, see Cin7 Pay refunds and disputes.

How transactions reconcile

This table shows how Cin7 Pay transactions reconcile in Xero and QuickBooks Online.

Transaction

Debit

Credit

Invoice

Accounts receivable

Sales

Credit note

Sales

Bank account

Surcharge

Accounts receivable

Surcharge or sales income

Payment

Clearing

Accounts receivable

Payment fee

Payment fee (expense)

Clearing

Payout

Bank account

Clearing

Because refunds are deducted from upcoming payouts, no separate bank transaction is created when a refund is issued.

Reconciling payments against quotes and sales orders

You can receive payments against quotes and non-invoiced sales orders via Invoice Pay Online and merchant-initiated transactions.

These payments can’t sync to Xero or QuickBooks Online until the quote is accepted and the sales order is invoiced.

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