Xero Accounting Summary Sync allows you to sync financial data in a summary format directly with Xero. This integration offers a streamlined solution for managing high-level financial data. It consolidates transactions into a summarized form and only requires maintaining general ledger accounts, without including individual customers or transactions.
TABLE OF CONTENTS
- Benefits of Integrating With Xero Accounting Summary Sync
- How to Integrate With Xero Accounting Summary Sync
- Functionality
Benefits of Integrating With Xero Accounting Summary Sync
- Streamlined Data Management: Syncs financial data in summary format, offering a high-level view of financial performance without individual transaction details.
- Fast and Efficient: Consolidates data to reduce storage needs and streamline bookkeeping processes.
- Customizable Sync Options: Includes settings for manual or automatic reconciliation sync, customer sync preferences, and purchase order syncing.
- Automated Notifications: Configure roles to receive email notifications in case of sync failures.
How to Integrate With Xero Accounting Summary Sync
To integrate Xero Accounting Summary Sync with your CoreBridge system, navigate to Settings / Integrations / Marketplace.
1. Once you have navigated to the Integration Marketplace, select Finance.
Note: Xero can also be found within the All folder, or by using the search filter.
2. Select either Learn More or Xero below.
3. Select Install.
4. Once installed, select View/Edit Settings to connect your Xero Accounting Summary Sync account to your CoreBridge system.
Note: This will redirect you to Settings / Integrations / Installed Integrations where all integration settings can be managed with Xero Accounting Summary Sync automatically being selected.
5. Select Connect to Xero.
Note: This will open a modal that will prompt you to sign into your account. There is also an option to Create an Account.
Once connected, you can set up your Xero Accounting Summary Sync options. These can be managed at any time in Settings / Integrations / Installed Integrations and selecting Xero Accounting Summary Sync.
6. If you have multiple locations, choose whether you would like all of your locations to sync to one Xero company, or if you would like them to sync to individual companies within Xero.
7. Use the dropdown to choose if you would like your reconciliation sync to be Automatic or Manual.
Note: It is recommended to complete the first sync Manually to check that the mapping has been done correctly. After the first sync has completed, you may select Automatic.
8. Choose the date you would like your sync to begin.
Note: This option only appears if you have selected the Automatic option above.
9. Use the dropdown to select which employee role you would like to have notified via email if a failure occurs.
10. Use the checkboxes to select your Sync Options.
11. Select Edit Account Mapping. This will bring up a modal that will allow you to make individual selections.
12. Use the dropdown to select your Accounting Software Accounts.
Note: If Add as new on sync is selected, CoreBridge will add a new account to your accounting software after syncing.
13. Select Save.
Note: Once everything is set, you can perform a reconciliation in CoreBridge and it will sync up with Xero automatically if you have that option chosen in the configuration screen.
Functionality
After creating your account and setting your syncing preferences, Xero Accounting Summary Sync integration is easy to use within your CoreBridge system.
To view your Payment and Financial Summary details:
Begin by navigating to Accounting / Reconciliation & Sync and clicking on one of the Reconciliation Periods shown on the screen.
To manually sync your Xero Accounting Summary Sync integration from this page:
1. Check the box to the left of one of the reconciliations displayed on the screen.
2. Select the Sync button on the right.
To view Payment Summary information:
1. Select the Payment Summary tab.
a. To manually sync directly from this page, select the icon in the upper right showing two arrows.
b. Clicking on any of the Payment;Transactions or View Details hyperlinks will open a new modal with more detailed information.
To see a list view of all payments and refunds:
1. Select the Payment and Refunds tab.
a. To manually sync directly from this page, select the icon in the upper right showing two arrows.
Note: Selecting a payment or refund from the list will open a modal with more information on that particular transaction.
To view a financial summary:
1. Select the Financial Summary tab.
a. To manually sync directly from this page, select the icon in the upper right showing two arrows.
Note: When a reconciliation has been synced properly with Xero, the Payment Information will display this way:
Note: If there is an issue with the sync, it will display in this way in the reconciliation screen:
