Xero Integration
Why do we need Xero Integration?
Connecting to Xero allows us to quickly assess your financial situation without requiring extra documentation.
Banjo can optionally help you maintain your financial position in Xero by recording the loan liability, the interest and/or fees, repayments, and facilitating the reconciliation of bank accounts.
You'll be able to control our connection to Xero via our Settings screen and view a log of all the calls we've made to your Xero account. You can also disconnect at any time.
Most Popular Questions
Why do you need access to my Xero account?
Reviewing your financial situation online allows us to quickly assess your loan application. This greatly simplifies the application process and allows for a quicker decision on your application.
How do I connect to Xero for my loan application?
On the Financial Info tab of your Banjo loans application select Xero under the Enter Your ABN section.
Do you have access to my Xero account credentials?
No. The Authorisation process is exclusively handled by Xero and we only get access to the data required for us to complete our credit assessment.
What kind of data do you access in my Xero account?
We have view-only access to some of your account reports, such as Balance Sheet and Profit & Loss. The full list of accessed data can be viewed via the Xero Calls log in the Financial Info tab of your Banjo Dashboard.
If you have accepted the loan data flow into Xero option, we will also create a Banjo Loans bank account which represents your loan in Xero and is used for posting all loan transactions so that your account stays reconciled.
How often do you view my data?
We only view it once when a loan application is being processed. If you apply for another loan your current financial data is reviewed again as this is required for the credit assessment.
How do I disconnect from Xero?
You have the option to disconnect your Banjo account from Xero by clicking Disconnect from Xero button on the Financial Info tab of your Banjo Dashboard.