Split Payments
Match one or more payments with several invoices
Match one payment with more than one invoice
It's easy to reconcile when payments match invoices exactly. But what happens when you or your customer pay more than one invoice at a time?
Click 'reconcile' on the Dashboard or go to Accounting > Bank Accounts, select the relevant account and go to the Reconcile tab.
Click 'Match', search for the relevant transactions, then check the box to select them.
Check your selected transactions match the amount spent. You can make adjustments for bank fees and other minor adjustments (e.g. negligible under or over payments).
Click reconcile.
Learn more about reconciling statements at Xero Central.
Find and select the relevant transactions, and check they match the amount spent.
Match muliple payments with multiple invoices
Follow the same process as above, splitting one or more of the transactions by adding an extra step.
Click 'reconcile' on the Dashboard or go to Accounting > Bank Accounts, select the relevant account and go to the Reconcile tab.
Click 'Match', search for the relevant transactions, then check the box to select them.
Click 'Split' to split the appropriate transaction into a part payment and balance.
Check your selected transactions match the amount spent. You can make adjustments for bank fees and other minor adjustments (e.g. negligible under or over payments).
Click reconcile.
Learn more about reconciling statements at Xero Central.
We've upped the numbers in the example above. This time one of the invoices is £500 more than necessary to match the transaction. We've split it into a part payment of £2500 and a remaining balance of £500 (which can be matched later).