Set up bank feeds, or import bank data into Xero, and save time
You may import the data from more than 21,000 banks and other financial institutions around the world into Xero. Customers of Xero save an average of 5.5 hours per week because to the use of bank feeds and automated reconciliation.
Scan or export bank data for upload into Xero
If your bank doesn’t yet offer direct bank feeds, you can easily download or scan, and import transactions.
Get an up-to-date financial picture
Reconcile new bank transactions regularly so you always have an accurate up-to-date view of your finances.
Keep your data safe and secure
Bank transactions feed into Xero via a secure, encrypted connection so you know your data is protected.
Get bank data into Xero with bank feeds
You may be able to import transactions into Xero via direct bank feeds, however this will depend on the bank you use. Transactions from your bank accounts are automatically imported into Xero on a consistent basis when you use automated bank feeds.
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Set up feeds from multiple banks
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Get feeds from any number of bank accounts
Scan or export bank data for upload into Xero
Even if your bank does not provide direct bank feeds to Xero, getting your data into Xero can still be accomplished in a quick and simple manner. Additionally, if you are importing transactions from a CSV file, you have the ability to examine and make changes to the file from within Xero before you actually import the transactions.
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Export bank data from your online banking in OFX, QIF, QBO, QFX or CSV format, then upload it to Xero
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Xero checks for and excludes duplicate transactions
Get an up-to-date financial picture
You will be able to swiftly and easily reconcile transactions after your bank data is imported into Xero. This will ensure that you have an accurate, comprehensive, and up-to-date picture of the money coming in and going out of your business.
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Xero makes intelligent suggestions for matching transactions based on past experience
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You can set up bank rules for common transactions
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Once transactions are reconciled, the Xero dashboard displays an up-to-date view of your business finances
Keep your data safe and secure
Your data cannot be accessed until it has been entered into Xero because the connection used to import bank transactions is a secure one that uses encryption. After being imported into Xero, your data is safeguarded by a number of different layers of security.
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With bank feeds, transactions are shared only between your bank, Xero, and any other disclosed third party
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Xero cannot make payments or move money from your accounts through your bank feed connection
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Only people you give access to can see your transactions in Xero
Introduction About | Xero
Xero is a cloud-based accounting software that allows users to access their company’s banking, financials, and advisors at any time, day or night. Xero also allows users to view their data from anywhere in the world.
Xero was founded in 2006, making it an early adopter of software that runs on the cloud for accounting purposes. It currently has 3.7 million users spread over the United Kingdom, New Zealand, and Australia combined.
The experienced members of Xero‘s board, management, and leadership teams have put in a lot of hard work to guarantee that the company is committed to innovation and the success of its customers.
Their team is thrilled to assist businesses, accounting firms, and bookkeepers in automating their processes, working together more effectively, and expanding their operations.
Come be a part of their team of brilliant minds and contribute to making the world a better place for businesses of all sizes.