The leader in the mobile point of sale race in the UK, iZettle, offers easy integration with small business accounting software Xero. What does this mean, and what are the benefits for small businesses?
One of the advantages offered by mobile payment applications like iZettle is that it allows small merchants and other small businesses to digitise their sales in an extremely simple way. The inventory can be entered in the app, and card sales will be recorded automatically. Cash sales can be entered too, allowing merchants to keep track of every sale and get easy-to-use revenue reports.
For an in-depth review, see: iZettle review – easy, yet feature-rich, terminal and POS system
For many sole traders, the accounting features in the iZettle app will be sufficient for their needs. The majority of small businesses, however, will experience time savings with one integrated accounting system for payments, invoices and even payroll. This is where cloud accounting software comes into the picture.
UK accounting systems traditionally integrate poorly with payments
One of the main challenges with UK cloud accounting systems has been a lack of integration with payment systems. Even Sage One, one of the more popular cloud accounting systems, offers surprisingly basic integration with its “sister” Sage Pay.
Xero is currently the most advanced cloud accounting system for small businesses in the UK. Until recently, it did not offer integration with any payment system. The Xero–iZettle integration was introduced in February 2015, and is at the time of our testing (August 2015) working close to seamlessly.
How does Xero integrate with iZettle?
The basics of the integration is very simple: after authorising your Xero account through your iZettle account, iZettle will export all data to your Xero account automatically.
The video explains how you connect your iZettle account to Xero.