What is Xero?
Xero is a cloud-based accounting platform used by finance teams to manage bookkeeping, invoicing, bank reconciliation, and financial reporting. Many businesses run their entire finance function through Xero.
What is it for?
Xero helps organisations keep accurate financial records, close their books faster, and produce reports such as Profit & Loss statements and cash flow summaries. It is widely used by in-house finance teams, accountants, and outsourced bookkeeping providers.
How does the Xace + Xero integration work?
The Xace Xero integration connects your Xace accounts directly to your Xero organisation, so financial data can flow between the two systems without manual data entry.
Step 1. Connect and map accounts
First of all, to enable the Xero integration, please contact our Support Team. They would be happy to assist you. After that, you may find the Xero integrations in your Connections tab:
After connecting Xero to Xace, you map each Xace account to the corresponding account in Xero. This tells the system where transactions should be sent in your chart of accounts:
Step 2. Review and sync transactions
When you sync transactions, you can review each item before it is sent to Xero. During this step you can:
Add or update supplier/vendor details
Assign GL codes
Add descriptions or references
Categorise spend
Prepare transactions for reconciliation
Step 3. Keep Xero up to date automatically
Once mapping is complete, transactions flow from Xace into Xero. Supported transaction types include incoming payments, outgoing payments, fees, FX movements, and card transactions (where applicable).
What you gain:
Less manual bookkeeping and fewer data-entry errors
Faster month-end reconciliation
More accurate, up-to-date financial reporting
No need to export CSVs or re-enter data by hand
Coming soon: Pay by Invoice — the ability to pay Xero invoices directly from Xace, with invoices automatically marked as paid once settlement is complete.