NOTE: this feature is only available in the Professional plan. If using the Essentials plan please contact us for information about upgrading.
The Xero bank reconciliation integration helps you reconcile the amounts held in Donorfy with the amounts in your bank.
When a donation is made
- a Transaction is created in Donorfy - eg a cheque (so the transaction is manually entered into Donorfy), or an online or recurring donation. The Transaction in Donorfy contains all the coding - the Campaign, Product, Fund, Department etc.
- the money arrives (or is paid into) the bank.
The Transactions are sent from Donorfy to Xero - creating "Receive Money" entries in Xero.
Xero's bank account transactions are then reconciled against the Receive Money entries that arrive from Donorfy. This is done using Xero's reconciliation features.
Defaults and mappings of the Donorfy coding structure to the corresponding Xero coding structure are set up in Donorfy Settings | Configuration | Xero Settings.
NOTE - the Xero integration does not use the "accounts interface code" used by the Accounts Download feature.