Square + Xero Bank Feed Reconciliation
Reconciling the bank feed
The Square transfer/deposit in your bank feed matches the transfer from the Square Balance account. To reconcile the Square transfer, click “OK” to confirm the matched transfer.
Reconciling the Square Balance account
Square Balance is an account created automatically by the integration and is used as a clearing account for Square transfers. Learn more about this account.
When you’ve reconciled the Square transfers in the bank feed, you can also reconcile these transactions in the Square Balance account. You can mark the bank transfers as reconciled to update the transaction status. The easiest way to do it is by enabling the Mark as Reconciled feature.
Enable mark as reconciled
- In the Accounting menu, select Bank accounts.
- Click any bank account name.
- Click the help icon and select Enable Mark as Reconciled. (If you see Disable Mark as Reconciled, you have already turned this feature on).
You can search all unreconciled transactions and mark the transactions you want to reconcile. Click More and then Mark as Reconciled.
