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Gerhardvr

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  1. Import bank statement lines via the API

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    191 comments  ·  Accounting API » Banking  ·  Admin →
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    Gerhardvr commented  · 

    Not having an API that we can utilise in the case where our financial institutions are not partnered with Xero, is crucial. Frankly, for Xero to assume that South African banks, for example, would like to integrate into Xero is the pinnacle of self grandeur. SA bank couldn't care less about Xero, since Xero doesn't really feature in the bigger scheme of things in South Africa.

    We receive daily bank statements from our banks in various formats (SWIFT etc) and have the ability to process these files into a format that can manually be loaded into Xero. However, manually loading them into Xero is a useless exercise. We receive statement files from our banks every time a transaction goes through our bank account. We want to load the data into Xero as we receive the data. This simply cannot be done manually. The only option is an API which is not available.

    Frankly, this is most probably going to cause us to seriously look at migrating away from Xero.

    Looking at how many comments this thread has had since Jan 2021, I suggest you seriously review your stance on this point.

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