This method posts the whole value of the invoice to your Xero's bank account ledger. This causes the invoice to be marked as "Paid". Importantly, it also puts in the whole amount of the invoice (i.e. excluding Stripe fees) making reconciliation quicker.
If you use this method, discard any Stripe invoice payment values that are fed into Xero from the bank feed, as this process has effectively duplicated them.
Stripe fees are not posted and should be manually entered daily, weekly, or monthly totals.
Set the default bank account
1. Click here.
2. Click "Financial Settings"
3. Click "Import from Xero" and import the bank account/ledger to post Stripe payments to
4. Scroll down to "Defaults" and Click "Edit"
5. Set the bank account
6. Click "Save Changes"
Turn on Stripe payment export
7. Click "Integrations"
8. Edit the Xero settings by clicking here
9. Switch on 'Export Stripe Payment..."
10. Click "Save"
11. Click "×"
Learn more: the Xero integration