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Expenses sync based on the date the expense was incurred, rather than reimbursed.

Accrual Method:Ībacus will create a new Purchase Transaction for each expense against an Abacus Clearing account.

The Bill Payment amount will match the debit you see on your bank account for easy reconciliation. Each expense in that batch will be represented as a line item in that Bill. Cash Method:Ībacus will create a Bill and corresponding Bill Payment in this account each time we debit this bank account for reimbursements (max once a day for the sum of all expenses approved that day). Select Cash or Accrual Method, and then choose the bank account from Xero where you want Bills/Bill Payments synced. This will be used in the rare case that an expense does not have a Category selected or the Category selected is not mapped to an expense account.Īfter you map your Categories, each expense will be booked to the correct expense account from Xero. Step 1: Connect to XeroĮnter in your Xero credentials, and then click "Allow access": (Note, only admins can edit the accounting sync settings). To connect your Xero account to Abacus, the first step is to log in to your Abacus account and head to the ' Accounting Sync' tab of your company settings.