Xero is an accounting software, that the Marketplacer platform has an integration with. The platform can automatically send remittance notification to Xero after completing your Xero Settings configuration.
To remit a seller in Xero:
- Remittances will be generated by the platform following the approval and remittance delay processes. These are then automatically pushed to Xero between midnight - 3.00 am.
- You can view all remittances in Xero, then navigating to bills to pay > awaiting payment.
- Batch the bills you would like to pay in Xero, and Xero will generate an ABA file that needs to be uploaded onto your banking software.
- An ABA File is similar to a payment file, but that a banking system can read. You will need to load your ABA file into your bank, which then needs to follow your standard funds transfer approval process.
Notes
- We run the remittances process every day at midnight - 3.00 am
- At this time the Admin operator will receive a notification of the remittances.
- All sellers will receive an email advising them, that they will receive payment.
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