Xero is the emerging global leader of online accounting software that connects small businesses to their advisers and other services.
ApprovalMax is an approval app that extends Xero with powerful approval automation features for accounts payable and accounts receivable.
Keep track of your unpaid and overdue invoices, bank account balances, profit and loss, cashflow, ba. Affordable Monthly Xero Bookkeping Services Packages for Singapore SME & Start-ups. Improve your accounting processes with KCA today! Free Xero Course Xero Tutorial - Xero Software Basics. Xero Tutorial #1 - Adding Company Details. Xero Tutorial #2 - Adding Customers (Creating Contacts) Xero Tutorial #3 - Editing Customer Accounts. Xero Tutorial #4 - Raising and Recording Sales/Customer Invoices. Xero Tutorial #5 - Adding Suppliers (Creating Contacts).
Underpinning the growth and profit of all small businesses is effective financial planning and accounting. Xero is based on the principle that small businesses are highly sensitive to shifts in their balance sheet and cash flow. Their ability to monitor financial performance in real-time and plan ahead is crucial. Watch the introductory video below.
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Splynx v.3.0 has brought many useful features for ISPs. After the integration of Xero accounting platform, Splynx allows Internet Service Providers to streamline and automate the accounting process. Plenty of our customers already take the benefit of this feature.
We try to briefly describe the way how this module works and what billing scenarios can be used for this integration.
The process is quite simple, first of all, we connect to the accounting platform and grab all the information that is configured there, then we match it with the configuration that we have in Splynx with the values that are in Xero. We ca highlight 2 steps in this configuration:
- Configuration of Xero add-on and accounting API settings.
- Define has the following options during the configuration: Accounting categories, Tax rates, Bank accounts.
Every provider might have a specific way of managing the accounting process, so let us review 3 types of data synchronization methods that we practice. The main difference between these scenarios is how ISPs receive their payments.
Scenario #1.
In this scenario, everything is stored and process inside Splynx, so we push all information, customers, and invoices to Xero with correct account numbers. There are providers that prefer to provide their customers with the possibility to pay online via credit cards. In this case, the payment gateway should be connected directly with Splynx and thereafter we synchronize those payments with Xero.
Scenario #2.
Some customers do not have any payment gateways in Splynx, and they want to process everything in Xero, they also might have bank connection with Xero to do immediate bank reconciliations. In this way, Xero will be the so-called payment system for Splynx where we will grab all the payments and link them with customers and invoices.
Scenario #3.
This is a very rare scenario that is not yet deployed among our Xero users, however, it is possible to reach the desired result since Xero and SageOne integration are the same. There are some customers in South Africa who have their bank account connected with Sage One, however, they also want to provide the possibility to pay the invoices from the portal by Credit Card, thus they need to connect a payment gateway to Splynx.
Check more information about SageOne integration.
In this case, all payments go to Splynx, however, it differentiates bank payments and does not push them back to SageOne.
Online Accounting
This integration saves lots of hours of your accountant as the synchronization process is automatic. In case if you need to import / export some data immediately, there is an option to run manual synchronization that is located in Config / Integrations / Splynx Xero Accounting.
Zero Accounting System
There are cases when ISPs afraid to start such integrations as they already have active customers in Splynx and Xero, there is a possibility to connect them and our engineers will fully assist you with this process.
Xero Accounting Cost
Feel free to contact us if you want to integrate Xero accounting and improve your business drastically!