In Xero, why can I not select the same account for both 'PayFast Code' and 'Payout Code'?
These two accounts perform different functions, and you can therefore not use the same account for both:
- The PayFast account is the account in Xero that all PayFast transactions get mapped to.
- The Payout account is the bank account that PayFast generates payouts to.
Related Articles
How do I set up Xero on PayFast?
To set up Xero on PayFast, do the following: Step 1: Enable Xero: To enable Xero, do the following: Log in to your PayFast account. Navigate to Settings > Integrations. Next to “Enable Xero accounting” toggle from Disabled to Enabled. You are ...
How does reconciliation work between PayFast and Xero?
You are required to have two bank accounts in Xero for reconciliation to be successful, that is a current account and a clearing account. Because PayFast charges a small fee for every successful transaction that your customers make, the net amount ...
How does the Xero integration work?
Our integration with Xero is all automatic. It will update Xero when a successful payment is received by PayFast via a Xero invoice (or if a payout from PayFast is made). However, it will not automatically sync or update payments made from other ...
Where can I find the PayFast fees on Xero? Will they be recorded on Xero?
All the fees will be automatically recorded between PayFast and Xero. There are notes for the specific fee calculations on the Fees page of the PayFast website. When you are on the page, scroll down to the Fees table. On the right-hand side hover ...
In Xero, why does the 'Get bank feeds' button not work for PayFast?
By setting up Xero according to the steps outlined here, the integration will handle the bank feeds automatically from our side and update your Xero systems when there are successful payments received, that were actioned from Xero. Additionally, it ...