Automatic reconciliation with Rabo Smart Pay

Keeping your bookkeeping up to date is probably not the most enjoyable part of running a business, but it is one of the most important. With accurate books you can see at a glance how your company is doing financially. An essential part of accurate bookkeeping is reconciliation. Fortunately this can be done automatically with Rabo Smart Pay and the integrations from Combidesk.

In this blog:

• An integration between Rabo Smart Pay and your accounting software
• How does automatic reconciliation with Rabo Smart Pay work?

An integration between Rabo Smart Pay and your accounting software

Thanks to the partnership between Rabobank and Combidesk you can easily connect Rabo Smart Pay to your accounting software. Payments made through Rabo Smart Pay are passed on to your bookkeeping automatically. That means you never have to copy data from one system to another by hand again.

What is Rabo Smart Pay?

Rabo Smart Pay was developed by Rabobank and is the all-in-one solution for all your payments. These can be payments in your webshop as well as payments on location or in your store.

How does automatic reconciliation with Rabo Smart Pay work?

When you use Rabo Smart Pay, automatic reconciliation is possible. Does a customer make a purchase on location? Then the Combidesk integration between Rabo Smart Pay and your accounting software takes care of the reconciliation automatically. Do you run a webshop? In that case there is a little more to it. Automatic reconciliation then works as follows:

Step 1: Set up an integration between Rabo Smart Pay and your accounting software

First, it is important to connect Rabo Smart Pay to your accounting software. You can do this easily with one of our accounting integrations. The integration makes sure that payments made through Rabo Smart Pay end up in your bookkeeping automatically.

Step 2: Connect your accounting software to your webshop software

Next, you set up an integration between your accounting software and your webshop software. We offer an extensive library of accounting integrations and webshop integrations.

Step 3: A customer places an order in your webshop

A customer places an order in your webshop and pays with a payment method you offer through Rabo Smart Pay.

Step 4: Rabo Smart Pay processes the payment

Rabo Smart Pay then processes the payment.

Step 5: The Combidesk integration synchronises the order

The Combidesk integration between your webshop and your accounting software synchronises the order. The sales order is passed on automatically as a sales entry or invoice in your accounting system, including the matching customer details.

Step 6: The Rabo Smart Pay transaction

At the same time as step 5, the Combidesk integration between Rabo Smart Pay and your accounting software retrieves the transaction and links it automatically to the right outstanding item in your bookkeeping, in this case the matching sales order. That item is then reconciled automatically.

Available Combidesk integrations

To make automatic reconciliation possible it is important to connect your accounting software to Rabo Smart Pay. Combidesk offers integrations between Rabo Smart Pay and e-Boekhouden.nl, Moneybird, Twinfield and Yuki. If you also run a webshop, a Combidesk webshop integration connects it to your accounting software with ease.

For a fixed monthly fee we provide a ready-to-use integration between your accounting software and Rabo Smart Pay. This lets you reconcile automatically and saves you valuable time to do what you are good at! Try Combidesk free for 30 days.