I get a payments company to direct debit my clients. They then pay me in one daily aggregated payment after deducting their fees. So I need to reconcile that one payment with multiple invoices, which are under different client names. I then need to add a fee for the payments company.

Is there an easy way to do this? I’ve been kludging it by entering a negative balance to the fees account to make the payment balance, but there must be an easier way…

Hi
Following on from Matthew’s question, I have slightly less complex situation. We are starting to bill our clients by electronic direct debit, with each payment relating to 1 invoice. The payment company takes a 1% fee for every transaction. So the amount we receive will be the invoice total minus 1%.

Will Xero be able to automatically match the payment to the invoice? What rules do you use to do the matching?

Cheers