Bills to Xero: how it works
Bills to Xero is for finance teams who pay suppliers from their own bank but don't want to record every payment in Xero by hand. Select the bills you've paid, and HedgeFlows marks them all as paid in Xero in one batch — including foreign currency bills — and can send each supplier a remittance email. Your money stays with your bank.
Why use Bills to Xero
Xero batch payments only work for bills in your organisation's base currency. Foreign currency bills have to be marked as paid one at a time, and Xero has no batch remittance advice for them. Bills to Xero records them in one batch and can email the remittances for you.
How it works
- Connect HedgeFlows to Xero.
- Import your bills and contacts from Xero.
- Map the bank accounts in Xero that payments should be recorded against.
- Select the bills to process as a batch.
- Choose the payment date and, optionally, the FX rate you paid and remittance emails to suppliers.
HedgeFlows then records the payments in Xero in one batch.
Good to know
- Pricing: plans from £25 a month, with a free 14-day trial. Sign up.
- Availability: generally available.
- Currencies: bills in 35+ currencies, domestic and foreign.
- No money moves through HedgeFlows: payments stay with your existing bank. If you'd rather pay suppliers through HedgeFlows, see payments and AP automation.
Related
Questions? Email support@hedgeflows.com.
