Xero accountant

6 min

Using Xero as an Accountant? Enhance the Payment Experience with Libeo

Do you use Xero as your accounting software? As powerful as it is, Xero doesn’t do approvals of invoices or payments. Did you know that Libeo can improve on what Xero itself misses out on? If not, then find out how Libeo can improve the payment experience for your business.

Published on | Updated on

Manage your Invoices on Xero, Pay Them with Libeo

Xero is one of the most used accounting softwares in the UK. If you're a professional using one of Xero's versions for accountants (Xero GQ, Xero Practice Manager, Xero Workspaper) and / or owner of a Xero advisor certification, you know that the software is great for accounting and invoicing, but it isn't designed to handle payments. If you have multiple people using Xero in your business, payments can get confusing. And if you have more than one person paying invoices, it's even more complicated. That's where Libeo comes in handy!

Among Xero partners is Libeo. Simply put, Libeo can pull invoices in from Xero, giving you the freedom to approve and prepare payments. You can:

  • Make Instant or scheduled payments
  • Get real-time updates on your payments in Xero
  • Set up automatic approval workflows
  • Make bulk payments
  • Manage payroll.

Usually, when paying a supplier, there’s manual input of bank details and other information. Libeo automates all of this – ensuring accuracy and saving you precious time.

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Enhance the Payment Experience

Approve and pay invoices in seconds without entering your suppliers' bank account details or using your banking app.

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Payment approval workflows: a safety net for accountants

With Libeo, accountants can automate payment approval processes for their clients and save time by reducing the number of emails they receive from clients asking for payment authorisations. A payment approval workflow is a set of instructions that define who needs to review a particular invoice before it can be paid by the company or client:

Payment approval process flowchart
This ensures all invoices are reviewed by the appropriate team members before being approved for payment by the account manager or owner. These workflows can be created in Libeo in order to achieve efficiency and accuracy within your accounting system:

Payment approval request
With Libeo’s automated payment approval process, all approved invoices are sent directly to the bank or Xero, so your clients never need to wait around wondering when they will be paid:

Invoice news feed
With the two apps integrated, information on Xero automatically syncs with Libeo every hour, so if a payment status is modified on Xero, it is updated on Libeo. Even better, information on Libeo syncs with Xero immediately! You can make payments associated with invoices on Libeo, and Xero will know right away.

How to Integrate Xero with Libeo?

Linking them couldn’t be easier. From your accountant's access on Xero, log in and follow the instructions. You can always rely on Xero Central for support. Just set up your Libeo account and click on “integrations”. Then, select Xero and the organisation you want to link. Finally, follow the few steps indicated to sync your data. Customise your rules within Libeo to set suppliers paid outside of Libeo and approval parameters. Load up your Libeo Wallet to pay or pay right away via Open Banking.

Why Choose Libeo Over Other Payment Platforms?

By integrating a comprehensive payment experience with advanced workflows, Libeo clearly sets itself apart from the competition. This enables Libeo’s users, whether business owners or accountants, to not only save more time with automated invoice management, but to reduce direct and indirect costs associated with manual invoice management, ultimately facilitating more efficient, data-driven businesses.

Pink Pig Financials

Cheryl Sharp, CEO of Pink Pig Financials, about libeo:

"So far, I've been really impressed. I've tried so many different payment services, but none have been right. Libeo has been a breath of fresh air. With bank payment and the wallet, we now have one solution for all our clients!"

Learn more

FAQ

Is Xero cloud-based accounting?

Yes, Xero is cloud based accounting software.

Where can I find Xero accountants near me?

Use the Xero advisor directory listing to find a small business accountant or bookkeeper with Xero expertise near you.

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Libeo is registered by ACPR (Prudential Control and Resolution Authority) under the number 844679068 (approval can be consulted in the Register of Financial Agents – www.regafi.fr) as a payment services agent of the electronic money institution Treezor. Treezor, registered in the Paris Trade and Companies Register under number 807465059, whose registered office is located at 33 avenue de Wagram, 75017 Paris, acting as an electronic money institution within the meaning of Article L.525-1 of the French Monetary and Financial Code and approved by ACPR (Prudential Control and Resolution Authority), is located at 4 Place de Budapest CS 92459 75336 Paris Cedex 09 as an electronic money institution under number 16798, approval which can be consulted on the ACPR website in the Register of Financial Agents (REGAFI): www.regafi.fr.

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