The long awaited moment for Xero Bank Feeds to work in Singapore has finally arrived albeit for UOB bank customers. Xero clients with UOB Corporate Bank Accounts can now link their statement directly to their Xero Account to facilitate monthly bank reconciliation.
The Xero Bank feeds let you automatically import account transactions into Xero from your bank or other financial institution. Once bank feeds are up and running, you'll no longer need to download and import bank statements to get transactions into Xero. This effectively reduces the hassle of downloading excel bank statements and changing the format to one suitable to update in the past.
This would help businesses using Xero with the reduction of some of the administrative work.
How to set it up to work?
To begin, update your bank account in Xero and the bank account type to check that the feeds is available. Then download the
The Xero Bank feeds let you automatically import account transactions into Xero from your bank or other financial institution. Once bank feeds are up and running, you'll no longer need to download and import bank statements to get transactions into Xero. This effectively reduces the hassle of downloading excel bank statements and changing the format to one suitable to update in the past.
This would help businesses using Xero with the reduction of some of the administrative work.
How to set it up to work?
To begin, update your bank account in Xero and the bank account type to check that the feeds is available. Then download the
How to set it up to work on your Xero?
To begin, add your bank account in Xero with the bank account type to check that the feeds is available for the account type. Then download and complete the United Overseas Bank (UOB) Bank Feeds Form and send it to
UOB CLIENT SERVICE TEAM
1 RAFFLES PLACE #25-61
ONE RAFFLES PLACE TOWER 2
SINGAPORE 048616
Your fee will then start in 10 working days.
A few things to note, Bank Feeds will only begin push in Bank Statement lines from the day the Bank Feeds is activate. Historical Bank Statements before that will still have to be uploaded manually.
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