Xero Payment feeds will post a breakdown of each individual transaction to streamline customers’ reconciliation process. A separate bank account, “Airwallex Payments - {CCY}” will be created in Xero for each settlement currency. {CCY} represents the currency you received the money in. Transactions will be synced over upon settlement, with each transaction showing the following details.
- Transaction amount
- Gateway / Fraud / Payment Method fees
Please follow the steps below to set up Xero Payments feed
Step 1: Log into your Airwallex account.
Step 2: Setup Connections
For the New Airwallex WebApp Experience (Beta phase):
If you see "Business Accounts" in the left navigation column, you're on the new Airwallex experience. If you don't see this then please refer to steps outlined under "For the existing Airwallex Webapp Experience"
Click on the left navigation menu 'Spend' > 'Accounting'
For the existing Airwallex Webapp Experience:
If you don't see "Business Accounts" in the left navigation column, you're on the old Airwallex experience. You will be migrated to the new WebApp experience soon as we gradually roll it out.
Go to 'Account' > 'Connections' in the left-hand side menu, select the “Xero” tile under Accounting service. Then, click on “Payments Feed”
Step 3: If you have not enabled Xero Bank Feed, you will be prompted to enable your Xero Bank Feed
Step 4: If you are not yet logged into Xero, you will be prompted to log in with your Xero credentials.
Step 5: You will be brought to the Xero authorisation page. Select “Allow access.” This allows Airwallex to connect to your Xero account.
Step 6: Choose the organisation within your Xero account you would like to connect to Airwallex. Make sure that the Xero organisation you select is the same for both Xero Payments Feed and Xero Bank Feed.
Note: Xero Payments Feed will inherit connected currencies from Xero Bank Feed. To edit your Connected Currencies, please change the settings on your Xero Bank Feed.