The integration, therefore, creates a bill in Xero to account for Zettle fees. The payment for Zettle fees will be applied to the account used for Zettle card payments . You can also import your contacts—both customers and suppliers—into Xero. Imported contacts are categorized automatically into the All contact group when first created.
Select a Default sales account for sales to sync to in your accounting software. All sales will post to this account unless individually mapped in the next step. Invoice fees are pushed in a similar Accounting Software: Email Settings In Xero way to standard Zettle card fees (see “Fees” above). A bill is pushed, recorded against the Zettle fees supplier as a single line item, with the expense account set to the Invoice fees account.
It will show up as a transfer from Zettle’s liquid account to your business’s bank account. Deposits are booked on a nominal account that represents the bank account you’ve connected to Zettle. Zettle pushes a single purchase invoice to Xero each day.
This is often due to a mismatch of tax rate settings between your Zettle account and Xero account. If you are actively using one or more tax rates, please make sure to https://bookkeeping-reviews.com/ set up the tax rates in both your Zettle and Xero accounts. You can then view and configure the tax rates in your Zettle account and map them to your Xero account.
If your file includes account balances, these will overwrite any existing balances or coded transactions you have in Xero. If you don’t want to overwrite them or you’re unsure, leave the Balance column in the import file blank. Xero allows you to add unlimited users and accountants to your company, free of charge.
You will be asked whether to delete or keep the demo data. Log in on your phone, your tablet, your MAC or your PC. Select a tax account or tax code to map each Lightspeed tax rate to.