A brand new partnership with BMO to streamline financial institution reconciliation

The flexibility to join your checking account to Xero is considered one of our most beloved options and a core a part of our imaginative and prescient to automate routine duties. It’s designed to assist your financial institution transactions circulate securely into Xero, so it can save you time on financial institution reconciliation and have higher visibility of your money circulate.

At Xerocon New Orleans, we introduced a brand new partnership with BMO Monetary Group in Canada, and we’re excited to share that this partnership has now been prolonged to prospects within the US. Our BMO financial institution feed is now accessible for small companies within the US and Canada*, and means that you can:

• see your day by day BMO transactions robotically circulate into Xero as soon as a day (no must signal into on-line banking or manually export or add recordsdata)
• have a 1-year transaction historical past included throughout sign-up (for choose accounts)
• deactivate this connection at any time out of your BMO account

Tips on how to arrange your BMO financial institution feed

If you’re presently linked to BMO On-line Banking for Enterprise in Xero by way of Yodlee financial institution feeds, you’ll must improve to get pleasure from a extra dependable connection immediately with BMO. You solely want to do that as soon as and it’s accessible at no further price.

When you log in to Xero, you’ll simply want to search out your BMO account on the dashboard and click on ‘replace financial institution connection’. You’ll then be directed to BMO the place you may enter your banking login particulars and choose accounts to share with Xero. 

For those who haven’t arrange a financial institution feed with BMO earlier than, you’ll want to pick out ‘Accounting’ menu, ‘Financial institution accounts’ then ‘Add checking account’. You may then seek for BMO Industrial Financial institution and choose it from the listing. 

For step-by-step directions, take a look at this Xero Central article. Earlier than you improve or arrange your new BMO financial institution feed, be sure you have your Xero login, your BMO login, and any multi-factor authentication units useful.

A shared imaginative and prescient for small enterprise

Our banking partnerships are an necessary a part of our imaginative and prescient to turn out to be essentially the most insightful and trusted small enterprise platform. 

We all know there’s work to be finished, however we’re dedicated to constructing high-quality financial institution feeds within the US and Canada that make it straightforward to get your information into Xero and prevent time on financial institution reconciliation in your corporation or apply.

*Be aware: The brand new financial institution feed is just not accessible to prospects in Quebec or those that have chosen French as their most well-liked language of communication.