You can now connect Landlord Studio with your Xero accounts. This one-way integration automatically synchronizes all transactions entered into Landlord Studio with your Xero accounts.
Take advantage of the time-saving income and expense tracking and property management tools of Landlord Studio as well as the industry-leading accounting and reporting functionality of Xero.
Note: If you haven't yet set up your Xero account, please check out our guide on Integrating Landlord Studio With A Clean Version Of Xero.
How To Integrate Landlord Studio With An Existing Version Of Xero
Once you've set up your chart of accounts, bank accounts, and tracking categories in Xero, log into the Landlord Studio web portal to finish the setup.
This process only needs to be done once after which everything is automatic.
Step 1: Log into Landlord Studio and select Integrations from the left-hand menu bar
Step 2: Select “Configure” on the Xero integration card
Step 3: Click on “Connect” to begin.
Note: this integration is for Xero Cashbook and Xero Ledger. Please speak to your accountant to check if you are eligible for this Xero product.
Step 4: Confirm that you want to connect and give permission to Landlord Studio to sync transaction data.
Note: If you’re not currently logged into Xero will be asked to log in. You can only connect one Xero organization using this integration. Once you've logged in you will be redirected to the Integrations page. The green tick means this step is completed.
Step 5: Click review to begin mapping the Landlord Studio categories to your chart of accounts.
We will use exact match terms to automatically suggest matchings. For those that we don't automatically suggest a match, you can type in the box to search your chart of accounts, then simply select the most relevant code.
If you're using our Chart of Accounts template, this is how we suggest you map your accounts.
Step 6: Hit Save to complete this step.
If you're unsure about any of the transactions, you can leave them blank. However, any transaction categories not mapped will not push or sync data to Xero. If you're unsure about any of these transactions, it's worth consulting with your accountant
Step 7: Set up your bank and tracking categories
Select the next step. You will need to select the relevant bank and relevant tracking category for each of your properties.
We recommend having a unique tracking category for each of your properties. This will allow you to make full use of Xero’spowerful reporting functionality, filtering and running reports on a property-by-property basis.
Step 8: Hit save
You can edit these at any time, so if you’re unsure, or need to edit your bank accounts or tracking categories in Xero you can do leave them blank and come back later.
Again, if you're unsure you can consult with your accountant.
Step 9: The final (optional) step is to invite your accountant.
We highly recommend completing this step as it will allow your accountant to review your set up to confirm everything is mapped correctly and enable you to avoid any potentially time-consuming and expensive errors.
Select Invite accountant.
Fill out their details and click "Invite".
Your accountant will then receive an email with a unique link giving them the ability to access the reporting on Landlord Studio and review your Xero integration set up.