The concept is fairly simple: you send bills and invoices to your Receipt Bank inbox, check that they’re coded correctly, export them to Xero, and pay from there. And since all of these are essential for bookkeeping, it’s even better that it integrates with Xero. It collects and stores receipts, bills, invoices, and bank statements in one place. Receipt Bank is a “ pre-accounting” tool that helps accountants and companies collect all the important paperwork that comes with expenses. Read how Spendesk’s Xero integration works in full. Other teams can handle payments themselves, and you can restrict Xero usage to your accountant(s). (And vice versa.)Įxport spend data in a click, whenever you like. Spendesk’s two-way Xero integration means that when you update an accounting code in Xero, it’s updated in Spendesk too. That makes for smart, smooth expense management for Xero. All the front-end work happens in Spendesk (tracking budgets, approving payments, and managing suppliers), and your Xero ledger is updated with almost no work from you. Purchases are tracked from the moment a team member pays for something, right through until the books are closed at the end of the month (or year). When used hand-in-hand with Xero, you have a complete spending and bookkeeping flow. That means smart company cards with custom spending limits, and a fully automated process to reimburse employees for expenses. It replaces your old company credit cards and clunky expense claims processes with options built specifically for modern businesses. Spendesk is an all-in-one spend management solution. We’ll look at payments coming in next, but let’s start with solutions to keep an eye on your spending. Expense and spend management toolsĪs a bookkeeping software, Xero is primarily there to help you manage company money - bills and expenses coming in and going out. Now, without further ado, let’s take a look at a few of the best. When an integration breaks, it’s the other party’s responsibility.īut the outcomes are essentially the same - you have two tools you like that talk to each other and (hopefully) automate your most tedious tasks. When an add-on breaks, it’s Xero’s job to fix it. The biggest difference here is obviously around who “owns” the connection. Meanwhile, hundreds of other software providers have built their own Xero integrations. But the company has also built its own connections to a few key software providers like Microsoft Outlook, Mailchimp, and HubSpot. Many add-ons were explicitly built from scratch by Xero, including Xero Projects, Xero Practice Manager, Hubdoc, and WorkflowMax. Integrations: Outside software companies that have built a connection with the famous accounting software While most of these integrations are between existing software with no affiliation to Xero, the company itself has also built several useful extras to enhance your accounting experience.įor the purposes of this article, we’ll use two terms:Īdd-ons: extra tools built by Xero itself There is a small difference between some of the tools in the app marketplace (some of which are also in this article, incidentally).
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