Once you have set up your OFX platform to connect with Xero, all new transactions will be synced automatically at the appropriate time. Transactions that occurred before the integration was live will not be synced automatically.

Requirements and Pre-requisites:

• You must have an active Xero integration set up in your OFX account.

• Standalone Payments (are payments not linked to Bills) are available on both the Full Suite and Standard Plans.

• Ensure you have the necessary permissions to create payments in OFX and access the Reconcile tab in Xero.

Next Steps:

To understand and use standalone payments with Xero integration, follow these steps:

1. Set Up Xero Integration:

   • Ensure your OFX account is connected to Xero. For setup instructions, see: How to connect with Xero.

2. Create a Payment in OFX:

   • Not all payments in OFX are associated with bills. You can create ad-hoc payments, upload bulk payment files (ABA), or use other direct payment methods.

   • For details on creating a payment, see: How do I create a payment?.

     

3. Sync Behaviour:

   • Standalone Payments will sync to Xero as bank feed transactions.

   • These transactions will appear in the Reconcile tab in Xero.

     

4. Manual Coding in Xero:

   • In Xero, you must manually code these transactions to the appropriate general ledger accounts and add descriptions.

   • You can also:

     • Match the transaction against an existing Bill,

     • Create a new Bill,

     • Or classify the transaction as a transfer.

5. Confirmation and Follow-up:

   • Once the payment is synced, check the Reconcile tab in Xero to ensure the transaction appears.

   • Complete the reconciliation process as required for your accounting records.

Why is this important:

Standalone Payments (Payments without Bills) allow you to process and sync ad-hoc or bulk payments from OFX to Xero, even when there is no corresponding bill record. This ensures all outgoing payments are captured in your Xero bank feed, supporting accurate reconciliation and financial reporting. Manual coding in Xero gives you flexibility to match, categorise, or transfer these transactions as needed for your business.

Related FAQ Article:

• How do I create a payment?

• How does the Xero Integration work for Bills?

• How do I upload bills?