Once you start taking payments in Upstock, you'll receive payouts 🎉
Each payout includes all the customer payments, refunds, and transaction fees for that period. When a payout lands in your bank account, you'll need to reconcile it in your accounting system — matching it to the right invoices.
The good news is, if you use Xero or MYOB, Upstock can automate most of this for you.
Xero & MYOB
If your Upstock account is connected to Xero or MYOB, we strongly recommend setting up automated reconciliation — it saves a huge amount of time and avoids errors.
Follow the guides below to get started:
Other accounting systems
If you use another accounting app, you can use our handy Payouts Report to help with reconciliation. Although this process is not automated, the report gathers all the info you’ll need into one place, making the process easier.