Online bank Novo now integrates with small business accounting solution Xero
Reading Time: 2 minutes Today, Novo announced an integration with Xero, the global cloud accounting software that serves over 1.8 million subscribers in more than 180 countries.
Novo has become the first US digital banking platform to integrate with Xero, the second-largest accounting software in the US.
The online bank is partnering with Xero to empower entrepreneurs to focus more on business and less on accounting.
Banking and accounting go hand-in-hand for every business. Unfortunately, business owners and accountants share similar pains with manual account reconciliation.
With Xero, small business owners can now experience an automated, mobile, and seamless bookkeeping and accounting experience through this new integration.
What are the benefits of Xero?
Merchants can say goodbye to manual exports and uploads into their accounting software!
Novo users can see their transactions synced every hour and reconciled directly in their Xero account. Here’s a breakdown of what business owners will get with this partnership:
- Quick setup
- Automatic transaction sync
- Easier view of cash flow
- Expedited accounting
- Increased data accuracy
How does Novo work with Xero?
After connecting to Xero, a merchant’s Novo account will soon automatically update all business transactions directly into Xero.
Now, every time there is a transaction in the Novo account, it will automatically appear in the linked Xero account so business owners can manage their finances with ease.
For those that accept PayPal and are not familiar with Xero, PayPal is also fully integrated with PayPal.
READ MORE: PayPal launches small business tool set ‘Business in a Box’
Novo is currently available only on Apple IOS devices but an Android and web version is coming soon.
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Richard Meldner
Richard is co-founder of eSeller365. He has over 17 years of experience on eBay which includes tens of thousands of sales to buyers in over 100 countries and even has experience with eBay’s VeRO program enforcing intellectual property rights for a former employer. And for about two years Richard sold products on Amazon using Amazon FBA in the US.
To “relax” from the daily business grind, for a few weekends a year, he also works for IMSA as a professional race official.