- You utilise Enrolmy's OSCAR Subsidy Reconciiation Process & integrate with Xero, and need to know how to reconcile WINZ Payments to the WINZ Suspense account.
- You understand how to utilise Enrolmys OSCAR Reconciliation Process
- You have completed your attendance, subsidies and invoice reconciliation process.
- You understand basic accounting principles
- You have read and understood Understand WINZ Credit Notes
Identify WINZ Payments In Xero
WINZ payments will display in your Xero Bank Reconciliation section. These payments can be recognised as a:
- WINZ G09XXXXXXXX
How To Reconcile WINZ Payments Inside Xero
Remember, WINZ Payments have already been reconciled against customer invoices inside Enrolmy as a WINZ Credit Note. Therefore, you do not need to match the WINZ Payment against the customers invoice inside Xero. Instead, you should code the payment to the EMY-WINZ- Enrolmy WINZ payment Suspense A/c.
1. Within the bank reconciliations section, against your received WINZ Payment you should use the following reconciliation references
a. WHO: Work and Income
b. WHAT: EMY-WINZ- Enrolmy WINZ Payment Suspense A/c
c. WHY: (Insert Statement Week Date)