Now, every time of Stripe transaction is automatically synced to Xero every day, just like a normal bank account.
- Bank transfers
This makes it incredibly easy to reconcile your Stripe transactions inside of Xero, as you can set up bank rules on everything that comes in.
We try to get the most data possible into Xero to make it simple to set up bank rules which get the reconciliation right every time. To do this, Silver Siphon looks at the credit card transaction itself, the customer behind the transaction and any descriptions added within Stripe to build a descriptive transaction.
Having now processed over 100,000 transactions, we’re extremely confident in Silver Siphon and will leave Beta in a couple of days!