I have a couple of clients that run online stores that generate a huge number of paypal transactions that can be incredibly laborious and time consuming to reconcile. This creates a couple of problems being:
- They each have paypal loans that are paid back at an agreed percentage per sale. Xero repeatedly deletes a number of these transactions as it recognises that they are often payments made for the same amount, to the same place on the same day
- It takes an incredibly long time to reconcile the transactions even though we have rules set up for most, even just clicking ok takes time.
Does anyone know of a better way of dealing with this? We have tried cash coding but have noticed they are making a lot of mistakes doing it this way. Is there any form of integration software that can help? I.e total up the transactons on a daily/ weekly basis making it easier to post whilst also cutting out the mistakes and preventing any transactions being incorrectly deleted.
Or alternatively, is there a better online bookkeeping system that allows you to deal with these transactions easier than xero currently do?
Thanks in advance!