Integration Details

Parolla Plugins integrates seamlessly with Xero, offering an intuitive experience for users to manage payments and VAT reporting efficiently.

Easy Access with Xero Single Sign-On

Logging into Parolla Plugins is as straightforward as logging into Xero, thanks to the Xero Single Sign-On process. This ensures a seamless and secure connection to your Xero data.

Payment File Generation

• Generate payment files directly from approved bills using customer bank details stored in Xero.
• Simplify bill selection with sortable tables and search functions, allowing you to quickly identify and select bills for payment.
• Multiple Debit Accounts: Businesses can manage payments from various bank accounts, providing flexibility in financial operations.
• Create SEPA-compliant or Revolut payment files that can be uploaded directly to your banking portal, streamlining payment workflows.

VAT3 Reporting Made Simple

• Map Xero VAT rates to Revenue-compliant VAT3 reporting fields within Parolla Plugins.
• The system scans all transactions for the specified period, identifies those with VAT amounts, and compiles them into a Revenue-compliant report format.
• Automatically detect and account for modified transactions from prior reporting periods, ensuring accuracy and compliance.

Monies Received Basis for Irish Businesses

The Monies Received basis of reporting is a critical feature for Irish businesses, ensuring compliance with Irish VAT regulations:

• Invoices on an Accrual Basis: Aligns with Irish reporting standards.
• Bills on a Cash Basis: Simplifies VAT tracking for bills.
• Handles special rules for credit notes, ensuring comprehensive compliance.

This feature addresses the limitations of Xero’s Global Edition Sales and Taxes Report, which is not designed for Irish Monies Received reporting. By bridging this gap, Parolla Plugins becomes an indispensable tool for accurate and compliant financial reporting.

Summary

Parolla Plugins enhances Xero’s functionality, allowing businesses to efficiently manage payments and VAT reporting while ensuring compliance with Irish and EU regulations. Its intuitive design and robust features save time, reduce errors, and provide peace of mind for both businesses and accountants.