How to Integrate Spenmo to Xero using Bank Feeds

With Xero Bank Feed Integration, you will be able to sync your bank statement entries to Xero automatically. Bank Feeds are synced hourly to ensure that your balances in Xero are up to date at all times. 

Read on for step-by-step instructions on how to integrate your Spenmo account with Xero.

Setting Up the Integration

1. On your Spenmo dashboard, scroll down on your sidebar and click ‘Settings’. Under ‘Settings’, click ‘Accounting’.

2. You will be taken to the ‘Accounting Settings’ page. You will be able to view your Integration and Transaction Settings on this page.

Under Integration Settings, click ‘Connect to Xero’.

3. You will be given a prompt to select a Xero organisation to connect to. After selection, click ‘Allow access’.

4. After connecting your organisation, you will be taken to your Spenmo homepage.

You can choose to:
4.1 Add a new bank account in Xero
4.2 Select an existing Xero bank account

Read on for step-by-step instructions for each option.

4.1 Add a new bank account in Xero

Select the ‘Add a new bank account in Xero’ option and fill in your respective details. On this page, you can automatically create a Xero Bank Account with the same currency as your Spenmo dashboard to track your transactions.



After filling in your details, click ‘Next’.



5. Select your preferred synchronisation start date.

You also have the option to sync past transactions to Xero. To do so, select a start date within the last 1 year.

We would recommend choosing a suitable start date to ensure that you do not send transactions to Xero that you have previously exported.



After selecting the date, click ‘Connect’. You have finished your Bank Feed setup!

4.2 Select an existing Xero bank account

To integrate an existing Xero bank account, select the ‘Select an existing bank account in Xero’ option and choose a bank account from the dropdown list.



After selecting your bank account, click ‘Next’.

5. Select your preferred synchronisation start date.

You also have the option to sync past transactions to Xero. To do so, select a start date within the last 1 year.

We would recommend choosing a suitable start date to ensure that you do not send transactions to Xero that you have previously exported.



After selecting the date, click ‘Connect’. You have finished your Bank Feed setup!

How to check your latest Bank Feed status

You can check your latest Bank Feed status and last synced time on the Accounting Settings Page.

By default, Bank Feeds are sent to Xero hourly. You can also choose to sync the bank feeds anytime by clicking ‘Sync Now’.

You can pause Bank Feeds without disconnecting from Xero by clicking ‘Pause’.



Bank Feeds will not resume syncing until you click ‘Resume’. 

How Bank Feeds Appear on Xero 

To view your Spenmo transactions on Xero, open the bank account your dashboard is connected to and select the ‘Bank Statements’ tab. You will find all synced transactions ready for review and reconciliation.

Under the 'Reconcile' tab, you can review transactions and add additional information if required. After reviewing, click 'OK' to finish your bookkeeping.