Here is a quick overview of how Xero exports work in Float.
Please note: You must be an Admin in Float to export transactions to Xero.
How Float Exports Transactions to Xero
When you export transactions from Float to Xero, here's what happens:
- Invoice/Credit Notes Entry Creation: Each exported transaction creates a spend money record in Xero.
- Transaction Details: The invoice entry includes categories, tax, receipts, and labels the invoice as paid.
- Accounting Entries: The transaction amount is debited to the appropriate GL account and credited from the Float Clearing Account in Xero.
Please note: Ensure you've set up the Float Clearing Account in Xero as per the integration prerequisites. For more information, please review the articles below: