Automated Stripe Reconciliation in Xero

Xero has streamlined the way Stripe payouts and fees are reconciled. The process allows Xero to automatically match Stripe payments and fees with the corresponding statement line.

To Enable Automated Stripe Reconciliation

To enable this setting, take the following steps in Xero:

1. From your dashboard, go to Settings > General Settings > Payment Services
2. Next to the Stripe payment service, select the Edit dropdown box and select Service Details
3. In this box, tick the Automate my fees box. 

When enabled, the payout will automatically be matched to the invoices and fees and can be reconciled straight away.

Troubleshooting

If there is a difference between the payout amount from Stripe and the total found in Xero, a partial match will occur (see below). Xero will match only the relevant transactions.

These partial matches will generally occur when a Stripe statement line includes a refund, chargeback, or payment completed outside of Xero. You will need to manually enter the missing transactions to reconcile correctly.

This link will help you reconcile partially matched transactions

Further Information

For further troubleshooting help, please follow this link.