Overview
FloQast’s integration with Xero is designed to revolutionise accounting processes, particularly benefiting teams that are geographically dispersed or managing multiple entities. By seamlessly connecting Xero to FloQast, these accounting teams gain superior workflow management capabilities, ensuring precision and timeliness in meeting deadlines across diverse locations and structures.
Accounting teams often encounter significant hurdles, such as inefficient reconciliation processes delaying closings, manual data entry prone to errors, and difficulties in integrating new tools with existing systems, which can disrupt workflows. These challenges are even more pronounced for teams spread across different regions or handling multiple entities, where coordination and consistency are crucial.
FloQast's integration with Xero effectively addresses these challenges by automating the transfer of General Ledger trial balances directly into FloQast, minimizing manual input. It dynamically syncs with the Xero Chart of Accounts to ensure an accurate and complete balance sheet, and harmonizes with Xero’s API to fit seamlessly into existing practices. This is invaluable for dispersed teams that need uniformity in their processes.
Key features of this integration include Automatic Nightly Refresh, keeping accounts updated with the latest data, and a User-Friendly Manual Refresh for flexibility. It also simplifies audit processes with exportable reconciliation data in Excel format.
We invite you to explore FloQast's transformative potential by scheduling a demo or requesting more information. Engage with us today to enhance your accounting operations, achieving greater efficiency and accuracy.
FloQast + Xero
FloQast's integration with Xero is tailored to address core accounting challenges by streamlining operations and boosting efficiency. This integration automates the transfer of General Ledger trial balances directly into FloQast, significantly reducing the need for manual data input and minimizing human error. This automation allows accounting teams to focus on more strategic tasks, enhancing overall productivity.
Moreover, the integration dynamically syncs with the Xero Chart of Accounts, ensuring that balance sheets remain accurate and complete. This ongoing synchronization is crucial for maintaining financial integrity and consistency across all records. Additionally, the integration harmonizes with Xero’s API, facilitating a smooth and seamless transition into existing accounting practices without disrupting established workflows. This ensures that teams can leverage the powerful capabilities of FloQast without the hassle of extensive system overhauls, making it an ideal solution for optimizing accounting processes.
Getting started
The Xero integration with FloQast starts when users grant FloQast access to their Xero tenant using Xero’s HTTP API. Once this connection is set up, customers can manually add or upload their reconciliations. FloQast automatically populates the Xero Chart of Accounts, allowing easy selection of accounts for these reconciliations.
After setting up the reconciliations, a nightly refresh is initiated. This process ensures that all account balances are updated from Xero into FloQast, making them accessible within the reconciliation path. Additionally, users have the option to manually trigger balance updates through the Reconciliation module, providing flexibility and eliminating the need for manual trial balance uploads.
FloQast enhances this process with a completeness report that checks for any new accounts not yet included in reconciliations. For further convenience, an Excel export is available, offering a detailed view of unreconciled accounts. This feature is particularly useful for accounting teams and auditors, providing a clear overview of accounts for the selected period.
