Xero customers will now be able to connect their Square Register plus Square Reader to their accounting dashboard in less than five minutes, cutting down manual data entry and bank reconciliation. This integration gives businesses access to features including:
- Mobile business done right — Square lets businesses accept payments on the go or in store. Xero is all in the cloud, so owners can run their business from anywhere, on any device.
- Automatic bank reconciliation — All Square transaction data is automatically fed and matched into Xero, completely eradicating manual data entry. All payments, sales taxes, refunds and fees are fed to the right account in Xero, so business owners don’t have to worry.
- Business finances in real time — Businesses can see income statement and balance sheet at a glance in Xero. Xero converts the Square daily summary into an invoice with sales, tips, fees with a tax breakdown.
Square customers that don’t yet use Xero will also be able to create an account, right from within their Square dashboards.
As part of the Square Register launch, Square is hosting Square Market, a pop-up marketplace that showcases the very best of Australia’s small business heroes, over three days at Federation Square in Melbourne. With over 30% of the sellers also Xero customers (more than any other accounting software provider), it’s a great demonstration of how well Square and Xero work together.