Online bank Novo now integrates with small business accounting solution Xero

SHARE

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.


We love to hear your thoughts on this story. Please use the comments section below or head over to our Facebook Group for Small Business Sellers and interact with other small business owners.
And don’t forget to follow us on FacebookTwitter, and LinkedIn to stay up to date with important news and business insights for your online retail business.

If you liked this article and would like to engage with other small business entrepreneurs selling on marketplaces, join our [the_ad id=”41560″ inline =”1″]. You can also find us on [the_ad id=”41579″ inline =”1″], [the_ad id=”41573″ inline =”1″], [the_ad id=”41575″ inline =”1″], and [the_ad id=”41577″ inline =”1″] or sign up for our newsletter below.

SIGN UP. BE INSPIRED. GROW YOUR BUSINESS.

We do not sell your information. You can unsubscribe at any time.

Leave a Reply

Your email address will not be published. Required fields are marked *