As Telleroo is a separate account to your normal bank account we recommending connecting to Xero. This will setup a Xero Telleroo bank account, that we update instantly when payments arrive or are sent meaning you can reconcile instantly.
Connecting Telleroo to Xero
1. In the accounts section on the right hand side you need to click Connect to Xero
2. Log in to your Xero account
3. Give Telleroo access to your Xero organisation
4. Select the Xero organisation you want to collect.
( If you haven't previously connected Telleroo you will need to select Create new.... which will setup a Telleroo bank account in Xero )
5. Now you will be asked to choose settings for your bank feed. Please see reconciliation below.
Bank feed reconciliation Settings
When a pay run is paid, we can send the pay run as:
Single line - 1 line per pay run, meaning you can reconcile a batch of 100 payments in 1 click instead of payment by payment. (recommended)
Multiple line - 1 line per payment
( Top accounting firms use single line, so you can be confident there is no difference with this and reconciling line by line other than time saving )
Below is an example of how a pay run looks in Xero when you have single line selected per pay run in the Telleroo bank feed settings.
When reconciled you are still able to see what this batch was made of in Xero. Go to the bank statement tab of the Telleroo Xero account and select the batch.
