Xero integration

Hi,

The reason to reconcile gifts to incoming payments in your finance package is the same for all systems: Sage, Banner, Xero and other finance packages. These packages are usually run by the finance department and they see the reconcilliation money coming in from everywhere including the Blackbaud payment service/your Direct debit/cheque systems (through which your donors usually pay).

These payments are the summary of gifts since the last payment minus any transaction fees. As a finance office they often want to reconcile these summary payment against the actual gifts minus fees to make sure the right amount was received and to have fuller records on incoming monies.

Some orgs don't bother going to this level or they just report income to the gift dept. to reconcile themselves. Really is a choice on how much you trust the payment system, whether you want to chase down missed payments and how much information the finance team feal confident with.

Bit of a wordy response there but there you go. We have clients who sync to Xero, Sage and other packages at this detailed level. Our SmartSYNC solution can help with this by automating the process depending no how the finance system is set up - via an Excel sheet, Email report or direct via APIs.

Cheers

Warren @ SmartTHING
Blackbaud Partners…