Integrate with Xero

What is Xero?
How it works
How to connect your iZettle account with Xero
Daily data import

 

What is Xero?

Xero is an easy to use online accounting software that's designed specifically for small businesses. For more information, please visit Xero.

 

How it works

iZettle lets you import your sales and payments data daily into your Xero account. The integration is easy and simple to set up, and once you've connected your Xero account, iZettle will automatically import your data into the bookkeeping accounts of your choice.

In order to get a better understanding of your iZettle payments and fees, we suggest that you create separate bookkeeping accounts for each data, making it easier to get a clear overview of transactions going in and out of your iZettle account and your bank account.

The guide below is a suggestion on how to setup your connection with Xero in the most straightforward way.

 

How to connect your iZettle account with Xero




Connect your Xero account (step-by-step)

1. Sign in to your iZettle account
2. Go to your Applications page (Menu > Settings > Applications)
3. Click "Connect" on the Xero application. A window will open up where you need to insert your Xero login details. Please select which organisation iZettle can access and click "Authorize".
 

Xero import setup

In order for the import to work seamlessly, you need to specify which iZettle data goes into which Xero account. Each transaction type can have a dedicated account in Xero.


 

iZettle Card Payments

We suggest you setup a separate account in Xero for iZettle card payments by clicking "Add new account". This will help you get a better overview of money accepted with iZettle. You can create the new account in Xero through iZettle by clicking the drop down menu and select "Add new account". Choose a name, a code and a description (optional) for your new account.
 

iZettle Cash Payments

We suggest you setup a separate account in Xero for iZettle cash payments by clicking "Add new account". This will help you get a better overview of money that you and haven't deposited to your bank account yet.
 

Total iZettle Sales

Use the account in Xero where you collect all your sales data.
 

iZettle Refunds

Use the same account in Xero as you use for Total iZettle sales.
 

iZettle Fees

We suggest you setup a separate expense account in Xero for iZettle card payment fees.
 

Start importing from

Select the date from when you want to start importing your data into Xero. The date cannot be set back further than the 4th of February, 2015. In order to avoid accounting issues, you can only set this once. Note that if you have previously booked your iZettle sales in Xero, they could get booked twice.

 

Daily data import

iZettle automatically imports your data into Xero at 10:00 pm the following day (on a daily basis.)
 

Bank reconciliation 

In order for Xero to reconcile your iZettle card and cash payments, we need to do an initial "Find & Match" for your iZettle deposits. Once a deposit has been made into your bank account, this transaction will show up under your bank reconciliation page in Xero.

The first time iZettle makes a deposit to your bank account, please create a match where iZettle Card Payments have been reconciled with your bank account.

The next time you visit your Xero bank reconciliating page, Xero should automatically suggest the receive money transaction - you just need to click "OK".

Need more help?

If you can't find what you're looking for, please get in touch. Our Support team is on duty 9:00 am - 5:00 pm on weekdays.

Call us on: 0203 699 9934