Xero

The Loopit and Xero integration allows you to push data from Loopit into Xero. When invoices are issued or payments recorded Loopit will automatically sync that to Xero. This streamlines your accounting processes reducing manual export and import allowing you to focus on core operations.

How does it work?

By creating a connection with your Xero account it will allow data to be transferred. After an invoice is issued it will be created in Xero against the customer record in Xero. If a customer does not exist Loopit will create the customer in Xero identified by the email address.

Each line item on the invoice in Loopit is created within the invoice in Xero. This allows you to report accurately and ensure what you see in Loopit matches Xero.

When a payment is settled and successful a record will be inserted against the invoice in Xero.

Similar processes are followed when an invoice is adjusted or credit notes are applied to an invoice, it will update Xero.

Does Loopit ingest data from Xero?

No, we currently only push data to Xero. Should an action be done within Xero it will not appear in Loopit e.g. an invoice was adjusted in Xero will not adjust the invoice in Loopit.

What data can we push to Xero?

We can push the following data to Xero;

• Customers

• Invoices

• Payments

• Credit notes