Reconcilling a Wise-Pay Clearing Account with no Pre-Payments

How it works

1. Payments will be considered paid at the point where a transaction has gone through in Wise-Pay. 
  • Wise-Pay will automatically receive a payment against the Invoice in Xero.

        If this was manually processed the transaction will look like this:

  • The payment will then show in the Wise-Pay Clearing Account (these funds have been paid, but not received).

2. The payment will then show in the Wise-Pay Clearing Account (these funds have been paid, but not received). 

How do I reconcile the transaction?

Locate the IntegraPay deposit - and create a transaction to allocate these funds to the Wise-Pay Clearing Account then match with your transactions in Xero.

This should match the payments made from the Wise-Pay Clearing Account, resulting in a $0.00 balance


If the balance is not $0.00 then:
either:

  1.  Timing - The transaction missed the daily cut off and will be received tomorrow
  2. PrePayment - The prepayment has been received and the funds have not been allocated to the payment.

P
Paul is the author of this solution article.

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