Payoneer’s recent integration with Xero and QuickBooks Online enables you to streamline your accounting by managing all of your business transactions from a single platform. So, what does the integration mean for your day-to-day operations?
Here, we’ll go over the benefits of using either Xero or QuickBooks Online and how integrating your Payoneer account with accounting platforms can simplify your day-to-day tasks, allowing you to focus on other aspects of running your business.
What are Xero and QuickBooks Online?
Xero and QuickBooks Online are two of the leading online accounting software providers. Their platforms can sync up with your bank account, allowing you to import all your transactions and execute different account related tasks, including:
- Inventory tracking
- Bill payments
- Purchase order creation
- Payroll management
Until recently, to take full advantage of these services with your Payoneer account, you’d have to manually import your transactions into the Xero or QuickBooks Online platform. That’s all changed.
Simplified Account Reconciliation Management
By integrating with Xero and QuickBooks Online, we’ve enabled you to instantly view your Payoneer transaction information, including all payments, invoices and earnings directly on your platform. This allows you to manage your business’s accounting from a single, convenient location without having to worry about manually importing every transaction or shifting between Payoneer and your Xero/QuickBooks Online platform.
The Payoneer integration is available now! To get started, go to the Accounting Software Integration section of your account and connect to your favorite accounting software. From there, all you need to do is complete the one-time setup flow.
*It’s recommended to set up your account with the support of your accountant or bookkeeper.