A bank feed is when a cash receipt or cash spend is pushed by your financial institution into your bank account in Xero. Most financial institutions do this overnight. The Xero user will have to manually reconcile these entries against bills or invoices. Paytron uses real time bank feeds for deposits and also for payments where the Paytron user did not specify which accounting code the bill should be booked too in Xero.
Real time reconciliation is a proprietary feature of Paytron, where through control of the bills and Paytron Business accounts in Xero, we reconcile all expenses and their bills in real time so there is no manual intervention required by the Xero user. We can only do this if the Paytron user specifies which accounting code the bill needs to go to in Xero.