Monzo wants to seamlessly connect its business accounts with the tools customers already use
UK mobile bank Monzo announced that, from this week, Monzo Business Accounts can be integrated with Xero or FreeAgent.
We’ve heard that other accounting tools, are important to you too, which we’d love to work on in the future. In the meantime, you can still export a CSV file from your app, and upload it directly to your preferred accounting tool. And, we’re working on integrating other tools soon, including tools for payroll or for point of sale
How to connect your account with Xero or FreeAgent:
- From your Monzo Business Account, tap on the Account tab
- Scroll down to Accounting Integrations and tap Add Integration
- Choose Xero or FreeAgent
- Confirm that you allow sharing your transaction data with Xero or FreeAgent. Then, you’ll be directed to a webpage where you’ll need to log in.
Your transactions will begin to sync within 24 hours.
However, Monzo notes that ransactions won’t sync in real time for now – they’ll only sync once a day. Instant syncing is expected to launch soon.
SEE ALSO: Starling Bank partnered with rent recognition platform