Integrating Braintree with Xero Using PayTraQer: A Complete Guide

Integrating Braintree with Xero using PayTraQer streamlines payment reconciliation and ensures accurate financial records by syncing transactions automatically. This guide offers quick instructions, a detailed walkthrough, and FAQs to simplify the process.

Quick Instructions

1. Set Up Braintree:

   • Log in to your Braintree account.

   • Enable API access and generate API keys.

2. Prepare Xero:

   • Log in to Xero and confirm your chart of accounts, tax rates, and currency settings.

3. Install PayTraQer:

   • Sign up at PayTraQer, download the app, and log in.

4. Connect Braintree to PayTraQer:

   • In PayTraQer, go to Connections, select Braintree, and input the API keys.

5. Link PayTraQer to Xero:

   • Authorize PayTraQer to sync with Xero by logging into your Xero account.

6. Customize Settings:

   • Map income, fees, and taxes to appropriate Xero accounts.

7. Sync Transactions:

   • Use the Sync Now option in PayTraQer to import Braintree transactions into Xero.

8. Reconcile Transactions:

   • Match imported transactions with your bank feeds in Xero to complete reconciliation.

Step-by-Step Guide

Step 1: Set Up Braintree

• Log in to your Braintree account.

• Navigate to Account Settings > API Keys and generate the required credentials, including the Merchant ID, Public Key, and Private Key.

Step 2: Configure Xero

Verify your Xero setup:

• Ensure that your chart of accounts is ready to track income, expenses, and fees.

• Confirm tax rates and currency settings for your region.

Step 3: Install PayTraQer

Sign up at PayTraQer, download the application, and log in to access the dashboard.

Step 4: Connect Braintree to PayTraQer

• Open the PayTraQer dashboard and navigate to Connections.

• Select Braintree and input your API credentials (Merchant ID, Public Key, and Private Key).

Step 5: Link PayTraQer with Xero

• From PayTraQer, click Connect to Xero.

• Log in to your Xero account and grant the necessary permissions for integration.

Step 6: Customize Integration Settings

• Map income categories, transaction fees, and taxes to specific Xero accounts.

• Choose automatic or manual syncing preferences based on your requirements.

Step 7: Sync Transactions

Click Sync Now in PayTraQer to fetch your Braintree transactions. These will be visible in Xero under the Sales or Bank Transactions tabs.

Step 8: Reconcile Transactions

Navigate to the Bank Reconciliation section in Xero to match imported transactions with your bank feeds and finalize your financial records.

Also, explore more about Braintree QuickBooks Integration

Frequently Asked Questions (FAQs)

Q1. Can I map Braintree fees in Xero using PayTraQer?

Yes, you can map transaction fees from Braintree to a specific expense account in Xero.

Q2. Does PayTraQer support multi-currency transactions from Braintree?

Absolutely. PayTraQer supports syncing transactions in multiple currencies, provided Xero’s multi-currency feature is enabled.

Q3. How often can I sync transactions?

Depending on your preference, you can set syncing to occur in real-time, daily, weekly, or manually.

Q4. What should I do if a transaction doesn’t sync properly?

Verify your Braintree API credentials and check the mapping settings in PayTraQer. Retry syncing or contact customer support for assistance.

Q5. Can I integrate multiple Braintree accounts with Xero?

Yes, PayTraQer allows you to manage multiple Braintree accounts and sync them with Xero.