There are many benefits in connecting receipt banks with Xero, which are as follows:

• Receipt Bank helps in extracting information from the client’s receipts and invoices to Xero rapidly.
• It saves data of clients safely and complies with the tax requirements.
• It quickly matches the invoices submitted with the bank feeds in Xero, which saves the time in reconciliation.
• Also helps in meeting with the deadlines, measure workload pending and increases efficiency through the feature of bookkeeping dashboard available on its platform.

How to integrate receipt bank with Xero

1. The steps to connect the receipt bank with Xero are very simple. The steps are as stated below.
2. Log in to receipt bank and click on the ‘Accounts Settings.’
3. Click on ‘Integration’ and then on ‘Choose Integration.’
4. Select ‘Xero’ and then go to Xero authorization URL.
5. Log in to Xero and choose the organization you want to integrate.
6. Click on ‘Allow Access.’
7. Update the tax settings, payment methods rules, and on the auto-publish. Voila, it’s done!