At Xero, we’re on a mission to make this process easier and simplify the bill payment process. Paying bills is a crucial part of the cash flow equation, and yet it’s usually a very manual process for small business owners. Getting bills into Xero, processing the payment and reconciling each transaction can take time away from important tasks, like growing revenue and managing costs. Open banking moves us from a world where your bank controls the data they hold about you, to one where you own your data and can control how it’s used.
Unlocking the power of open banking: a simple and secure way to pay bills without leaving Xero
Xero connects to third party apps like Stripe and Vend so you inventory to sales ratio can build a system to your business’s needs. The mobile app lets you whiz through admin while on the go. Access Xero features for 30 days, then decide which plan best suits your business.
Our beautiful cloud-based software is designed for your small business. Yes – the Xero App Store invest in tax free municipal bonds for lower taxes and risk has hundreds of apps to help manage your business, including apps specifically designed for your industry and for doing business in Australia. Keep your practice one step ahead with Xero accounting software. Discover seamless app integrations for efficient accounting with Xero’s comprehensive accounting software.
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Today, we’re excited to share that we’re launching a new bill payment experience in the UK. We’re the first major small business cloud accounting software in the UK to offer on-platform bill payments using open banking. This gives you a simple and secure way to manage, approve and pay bills, without leaving Xero. And if your employees or advisor are preparing bills for payment, they can easily hand them to you for final review and payment authentication, so you stay in control of your bank account. For our bills payments experience, we’ve partnered with Crezco, a payment institution that’s authorised by the Financial Conduct Authority to provide open banking payment services in the UK.
- This gives you a simple and secure way to manage, approve and pay bills, without leaving Xero.
- Thanks to open banking, funds are available to your suppliers almost immediately.
- The new technology is underpinned by open banking, which is quickly becoming a best practice standard in the UK for securely sharing financial data between banks and third-party providers.
- And if your employees or advisor are preparing bills for payment, they can easily hand them to you for final review and payment authentication, so you stay in control of your bank account.
- Open banking moves us from a world where your bank controls the data they hold about you, to one where you own your data and can control how it’s used.
Discover Xero’s software for your transportation business
No – Xero is based in the cloud, so all you need is an internet connection. But you need a multi-factor authentication (MFA) app to log in to Xero. MFA extra layer of security by checking that it’s really you when you log in.
The Xero App Store has hundreds of apps to help you run your transportation business with Xero’s accounting software. Work smarter, not harder with Xero’s intuitive accounting software. You can handle your financial admin whenever it works for you and your transportation business. Our new bill payments experience means you can now complete your entire accounts payable workflow in Xero, from start to finish. There’s no need to pay each bill separately, fund external wallets and accounts, enter credit card details, or export payment files.
Crezco is responsible for providing all payment services when you pay bills by direct bank transfer in Xero. It’s free and easy to set up — all you need to do is connect your bank in Xero (don’t forget to check that your UK bank supports bulk payments via open banking). You’ll then be able to select ‘Direct bank transfer’ as a payment method to pay bills in GBP from your bank account, either individually or in bulk. There is also no standardised way for businesses in the UK to pay bills in bulk.
Xero’s accounting software has flexible plans so you can adjust your subscriptions to access the features you need as your business grows. With Xero’s accounting software for transportation you can claim expenses, set up bank feeds, collaborate with your accountant or bookkeeper all online. Manage your finances, control cash flow and sales revenue integrate with apps. Explore Xero accounting software and its tools for small businesses, accountants, and bookkeepers. This feature is one that we know you’ve been waiting for — it’s been in our top 10 Xero Product Ideas for a while.
