Running a profitable business means staying on top of your finances, and one of the best ways to do this is by connecting your bank feeds to Xero. This simple automation can save you hours of manual data entry while ensuring your books are always accurate.
What Are Bank Feeds?
Bank feeds create a secure digital connection between your business bank account and Xero, automatically importing your transactions daily. This means less manual data entry and more accurate records - letting you focus on what really matters: growing your business. To connect your bank feeds to Xero just follow the below steps.
Step-by-Step Setup Process:
- Access Bank Accounts
- Log into Xero
- Go to the Accounting menu
- Select "Bank Accounts"
- Add Your Bank Account
- Click "Add Bank Account"
- Start typing your bank's name
- Select it from the dropdown list
- If you can't find your bank, double-check the spelling or try changing the country setting
For a detailed walkthrough, check out Xero's official guide on how to connect your bank to Xero.
- Connect Bank Feeds in Xero
- Follow the prompts to authorise the connection
- You may need to:
- Verify your identity with your bank
- Accept terms and conditions
- Provide additional security verification
- Choose Your Accounts
- Select which bank accounts you want to connect
- Confirm the account type (checking, savings, credit card)
- Enter the account name as you'd like it to appear in Xero
Pro Tips:
- Most UK banks support direct bank feeds (see the full list of supported UK banks here)
- Feeds typically update daily
- You may need to periodically renew your bank feed consent
- Keep your online banking credentials handy during setup
Troubleshooting:If you can't connect your feed:
- Ensure you have the correct online banking access
- Check if your bank is supported
- Verify your account type is eligible for feeds
- Contact your bank if you're having authorisation issues
Remember: Once connected, your transactions will automatically flow into Xero each day, saving you time and reducing data entry errors. This automation isn't just about efficiency – it's about giving you more time to focus on growing your profitable business while maintaining excellent financial records.
