What are the differences between "Sync as Bank Statement" and "Sync as Reconciled"? Which sync option is better for me?
This depends on your company’s accounting practice. If you use accrual accounting and prefer to manage the reconciliation process in Xero, the ‘sync as a bank statement’ option will be better for you. However, if you would like to simplify the reconciliation process, the ‘sync as reconciled’ option in Reap is better. Having matched all the Xero categories in the Reap dashboard before syncing to Xero will save you the time and effort to re-do the reconciliation in Xero.
How often does the sync occur?
To suit your varying accounting needs, you can choose different syncing methods for specific Reap transactions. All transaction data in Reap will not be synced to Xero without your review and approval.
Can I use different methods to sync my transactions to Xero?
Yes, you can.
What is the best way to sync the data?
We suggest setting up ‘Groups’ on the Reap dashboard according to Xero tracking categories before the sync.