The life of a Xero Invoice

Last updated on December 08, 2017 11:22 by Jenni E

  • Raise and Approve Invoice in Xero
  • Directli creates payment
  • Payment submitted to Bacs
  • Due Date: GoCardless takes payment on Due Date & Directli marks invoice as Paid in Xero on Due Date (Charge Date)
  • Next Working Day: GoCardless receives funds
  • Next Working Day: Merchant receives funds into Bank Account from GC
  • Directli then accounts for the fees and does a transfer from the Interim Reconciliation account to the main bank account
  • Merchant then needs to reconcile from the lump sum (from GC) with the transfer Directli has posted. (See Reconciliation Process in Xero)

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