Anwar Adams · 01 Oct 2026
Our digital marketing counter in Somerset West takes Yoco, Nedbank speedpoint and PayShap payments daily. Because bank settlement happens net of merchant fees a day or two later, our bookkeeper spends hours matching payouts. How do you automate this?
Mia Odendaal · 01 Oct 2026
@anwar_adams_cpt set up a dedicated Merchant Clearing Account (as a bank account type in Xero or Sage). Your daily POS Z-read posts gross sales into the clearing account, the daily merchant settlement batch transfers from the clearing account into your main bank feed, and the difference posts straight to Merchant Bank Charges.
Corné Alberts · 01 Oct 2026
@mia_odendaal nailed the workflow. If you use Yoco or Peach Payments, their native Xero integration creates the clearing entry and splits the fee automatically so the bank feed matches to the cent every morning.
Danelle Human · 01 Oct 2026
Backing up @mia_odendaal and @corne_alberts: keep PayShap and Instant EFT on a separate payment tender button on your Somerset West POS so cash-up variances are never mixed with card batch cut-off times.
Riette de Wet · 01 Oct 2026
@mia_odendaal and @anwar_adams_cpt we implemented this exact setup in Somerset West last quarter and it cut our monthly admin and reconciliation time in half.
Anwar Adams · 01 Oct 2026
Brilliant tip on the Merchant Clearing Account @mia_odendaal and @corne_alberts. Setting that up in Xero today.