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Xero Overview

Overview

When we initially setup a connection with Xero, you will have the ability to create the Ramp Card with just one click on Ramp. We create it as a bank account with an opening balance of $0. On the balance sheet, credit card accounts will show up as an asset, however you can rearrange the report so this account displays as a liability by editing your report layout.  See more here. 

 

For features available to all integrations, please reference this article.  We’ve also built some additional features to make the integration more robust:

  • Vendor creation: If we detect a vendor that isn’t on your Xero instance, you will have the option to create that vendor within Ramp.  The vendor will show up in the Xero Contact column as “New:...” and by syncing it over, you will create the vendor.
  • Receipt Attachment: the receipt within Ramp will sync over as an attachment to your Xero instance.  If an employee uploads a receipt to a transaction after that transaction has been synced, we will automatically send that receipt over without you having to manually add it to your instance.

Jump to:

  1. What it looks like
  2. Setup
  3. Transactions
  4. Reimbursements
  5. Bill Pay
  6. Statement Payments
  7. Cashback Redemption

What it looks like

Below is what the Xero integration looks like on Ramp after you set it up.  We will attempt to find the vendor for you by matching the vendor name on Ramp to the vendor names you have on Xero so you don’t have to.  For more information on settings, rules, and other automations that Ramp offers, please reference this article.

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Setup (~ 5 minutes)

Step 1: Link your Xero account with Ramp.

Under the "Accounting" tab, select Xero from the list of platforms.

Step 2: Enter your Xero credentials.

Step 3: Set Ramp Card Account

Step 4: Select accounting fields you’d like to 

 

Note: if you have already connected before but are attempting to reconnect, you may get a blank screen when initiating the connection.  To solve this issue, go to your Xero account > Settings > Connected Apps and disconnect Ramp. Afterwards, you should be able to connect Ramp to Xero.

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Transactions

Ramp card transactions show up as a card transaction on Xero.  To see them, go to:

Accounting -> Bank Accounts -> Ramp Card -> Transactions

Note: The Ramp Card account on Xero is created as a bank account because the Xero API does not support the creation of Credit Card accounts.

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When you click into the transaction, you will see the below information that was coded within Ramp.  This depends on what fields you have active on your Xero instance including any tracking categories you may have created.  The receipt is on the top right with the page icon.

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Reimbursements

Reimbursements are created as bills on Xero, and a bill payment is created if it is paid through ACH on Ramp.  The bill will sync over to the default AP Account on Xero.

To view, go to Accounting -> Chart of Accounts -> Select the $ figure on your AP account

  • It will be mark as unpaid if selected as Manual Pay on Ramp. 
  • If paid through ACH on Ramp, we will also sync a Bill Payment that credits the cash account selected under Default Accounts in Ramp
  • Below is what the AP Account looks like for when we sync over a bill and bill payment (i.e. paid via ACH on Ramp).  If it was marked as Manual Pay, then there would be no payment debiting the AP account.
  • Below the AP account is what the Checking account looks like, and we can see the corresponding $741.33 charge there
  • The vendor will be set as “first name last name (email)” of the employee being reimbursed with additional merchant info sent to the description field within Xero

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Bill Pay

With Xero, you have access to our Bill Pay feature.  Please reference this article for more information.

 

Statement Payments

With Xero, you can sync over statement payments.  This will appear in the Payments tab of the Accounting tab and only appears after it has cleared.

You will be getting a record of this transaction from two places - from your Checking Account's bank feed, which will have the credit side of the transaction, and from Ramp, which will have the debit side of the transaction.

Instead of independently classifying these transactions, e.g. allocating the checking account credit to a Ramp Card debit, and the Ramp Card debit to a checking account credit - we instead want to match the two sides and create a single transaction. This will prevent us from making two duplicate transactions.

 

In the below example, you can see where to find the statement payments to sync over within Ramp.

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I have already classified the Checking Account payment to the Ramp Card account, rather than doing a match. What should I do? In this case, you can safely delete the statement payment in the Ramp Card account from Xero, as you have already recorded the transfer from the Checking account. Classifying the Ramp Card transaction would create a duplicate, so keeping the transaction is not necessary.

Cashback Redemption

The accounting for a cashback is a credit to the Ramp Card account, reducing the liability on the card, and a credit to a nominated expense or income account. This cashback entry does not appear on a bank feed so this entry is important to sync across to the Ramp Card account to bring the value of the liability back into balance with the statement.