Set up and configuration
Initially, the invoice data is processed into Receipt Bank in draft format – ready to ‘claim’. We access Receipt Bank Online – check the data, make any adjustments to general ledger account postings and set supplier rules. This is where we start teaching Receipt Bank how YOUR accounts work. The data and the scanned document image is then ready to be exported into Xero Invoices are to ‘Draft’ status in Xero ready to be approved and posted.
Day to day posting
Once we have set the rules up in Receipt Bank, any document or image you send to Recept Bank will flow through to your draft bills for processing.