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Wayflyer

By Wayflyer
0 out of 5 stars
Wayflyer provides working capital solutions to ecommerce brands around the world.
Rating
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Reviews
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Listed for
1 year
November 2022
Key functions
Financial services

Overview

The Wayflyer Xero app enables eCommerce merchants to effortlessly account for Wayflyer funding, automatically posting entries for you when receiving Wayflyer funds as well as when making payments back to Wayflyer. If you're already connected to Wayflyer, setup takes less than 5 minutes.

Wayflyer + Xero

When Wayflyer provides funding, we write a transaction from a Wayflyer placeholder bank account to your designated bank account. For each payment back to Wayflyer, we write a transaction from your designated bank account to the Wayflyer placeholder bank account as well as a spend money transaction from the Wayflyer placeholder bank account to the Wayflyer supplier for the fee portion of the transaction. This fee is also recorded against your designated expense account (e.g. interest expense). As well as transactions, we write bank statement lines for all activity on the Wayflyer placeholder bank account so this account reconciles. We do not write bank statements lines to your designated bank account as those will come from your bank integration or statements.

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Additional info

Functions

Financial services

Industries

Retail

App details

By Wayflyer
Added in 2022

Countries

United Kingdom

Languages

English

Support

Setup walkthroughContact supportsupport@wayflyer.com

Get started with Wayflyer

Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.