Looking for the best Xero integrations in the market? Make spending and accounting a breeze with Payhawk: track sales, expenses, and revenue with one-click accounting and synchronization.
You know the feeling. You're in the middle of a busy day, racing to meet weekly or even monthly deadlines. You remember you need to check up on some stats in your accounting software. But it takes forever, and you want to maintain focus on what you're doing.
Or maybe you're working with an external accountant with their own accounting and finance system. You still have to copy and paste information into the proper format for them to import. Or worse, you've got an accountant who refuses ever to use your preferred software, so now you've got to do everything twice.
It doesn't have to be this way.
At Payhawk, our intelligent integration with Xero accounting software means that all of your data is synced in a matter of clicks — saving you time and stress so that you can get back to focusing on the things that matter most.
"The integration Payhawk has developed for Xero is one of the strongest I've seen in the market. You just need to do a click in Xero, and all the information is shared in Payhawk," says Carolina Einarsson, Finance Director at Essentia Analytics.
Xero is one of the leading cloud accounting software solutions available today. It offers automated bookkeeping, financial reporting, invoicing, and payment tracking features ideal for small and growing companies.
Payhawk, however, is designed to support business spend management. Paying for a SaaS subscription? Closing vendor invoices? Payhawk can help you manage company cards and card controls, expense management, AP, and reimbursements all in one place.
Cardholders simply need to pay with their card, take a photo of their receipt and upload it to the Payhawk app. Next, they select a spend category and job done.
Meanwhile, the Finance Team sets bulk card controls, manages individual and team card issuance, sets up approval workflows, checks reports, automates receipt chasing, and more — all in one place.
By integrating the two key platforms, Payhawk and Xero, you’ll be able to:
Payhawk lets you sync your Payhawk expenses with Xero accounting in real time, so you can be sure that you record all of your transactions accurately and automatically. With the automatic bank feed, there's no need to worry about missing out on any payments or expenses. Payhawk does it all for you.
The moment a transaction gets settled, it's automatically pushed to Xero's bank feed — no need to manually enter the information or wait until you get your monthly statement.
You'll always have access to the most up-to-date information about your transactions to stay on top of spending. This integration also lets you record payments in Xero as invoices in Payhawk, eliminating double data and allowing you to spend less time bookkeeping, reconciling, and chasing missing information and more time growing your business.
It's vital to accurately reconcile your company's bank transactions to avoid inconsistencies in future audits and tax returns and get a complete view of cash flow.
Real-time bank reconciliation lets you accurately determine how much money is coming into and going out of your bank account to support your team in making important decisions for your company's financial health.
Automated bank reconciliation with Payhawk and Xero integrations will help you:
Make adjustments to bank statements and cash balance with any expense from the app, so there's no need to go back and forth between apps to fix mistakes.
Get insights into your spending habits by generating reports showing how much you spend each month on particular categories, such as food and entertainment or travel expenses.
Perform a detailed analysis of your bank accounts, like comparing expenses against income over time or seeing where your colleagues are spending money and in what categories.
Make better decisions thanks to integrated software that automatically syncs with your accounts and displays all transactions in one place. There's no need to search through multiple apps for specific transactions.
Keep your business running smoothly during tax season with Payhawk's expense and accounting software integration with Xero. You can manage your finances, track expenses, and ensure your business complies with tax law.
Calculating VAT is already complex (due to the many variables involved), so it's vital to use the right software for this.
Take MDM Props, a London-based arts fabrication company, for example.
"Before Payhawk, our team was still collecting paper receipts, and if they couldn't find them, then we couldn't claim VAT. We spend a lot on materials for events and can get VAT bills of around £240K (near $294K) just for one quarter, so missing out on the reclaims was massive," Uchenna, Finance manager at MDM Props, explained. "Now, with Payhawk, our cardholders take a photo of the receipt, upload it to the app, and select a spend category in seconds. It's no effort for them and can save the business thousands."
Payhawk is a next-generation expense management software that syncs your expenses with Xero in real time and helps you stay on top of spending. Our intelligent integration allows you to easily track sales, expenses, and revenue, meaning you'll always have an up-to-date view of your finances.
Furthermore, at Payhawk, we built our integrations with accountants and finance managers in mind. Our intelligent integrations follow the accounting accruals concept, meaning that all your spend data flows in perfect sync.
Find out more about how to track your expenses with real-time integrations and simplify your company's finances. Book a demo today.
Whether you have tens, hundreds, or thousands of employees, we’re making your business spend work for you, giving you control over spending at scale with a single solution. Say goodbye to tedious finance tasks, and schedule a demo with us today.