To link to Xero, follow the steps as listed below:
- Login to the platform.
- Select Account in the left hand menu.
- From the drop down options, select Accounting Integration.
- Select Xero from the options provided.
- Select the Connect to Xero button.
- Login to Xero as prompted.
- Once you have connected your Xero account you will need to map a number of data fields to ensure that reconciliation of payments is smooth and efficient.
- Payment Account Code Field. Select the Xero account code to be used when updating your Xero Bills after they are paid. Normally, this will be the Xero card you are using to make payments on our portal (e.g. American Express Business Platinum).
- Processing Fee Account Code Field. Select the Xero expense code for our processing fees. The list of expense codes available for selection is based upon your chart of accounts (e.g. 400 Bank Fees).
- Lastly, select the Update button to save and finalise your selections.
Please be aware that as of now, payments made via Bank Transfer are not automatically reconciled with Xero. Manual reconciliation is required to match Bank Transfer payments with corresponding transactions in Xero accurately.
If you need any further assistance or have any questions, please email us or schedule a call by Clicking Here.