Leave manual data entry and tedious reconciliation of payout data in the past by connecting Thinkific with Xero!
In this article:
How the Xero Integration Works
About This Feature
Auto-sync your Thinkific Payments payout transaction with your Xero account by utilizing the Xero app! With this app, manual entry and tedious reconciliation of payout data from Thinkific will be a thing of the past. Now, you can focus on what matters most to you and your business - available exclusively on TCommerce.
Access the QuickBooks Sync by Acodei app in the Thinkific App Store here!
With the Xero app, you can have Thinkific Payments payouts automatically imported to your Xero account so you can reconcile transactions more efficiently, have accurate data, and keep a better pulse on your business’s financial health. This app allows you to:
-
Sync data in real-time
Get up-to-date and accurate financial information directly in Xero and stay updated on your financial performance.
-
More efficient payout
reconciliation
Say goodbye to tedious data entry and hello to efficiency as you automate the reconciliation process and get back to creating content and engaging your audience.
-
Better data
accuracy
Prevent errors from manual data entry and ensure that your transaction data is accurately captured.
How the Xero Integration Works
The Xero integration is done via the Xero app, which can be accessed in the Thinkific App Store here. The Xero app is available to all creators on TCommerce and requires a Xero account to connect to. To access the app, as well as other powerful features on TCommerce that help you save time and sell more, enable Thinkific Payments on your account: Thinkific Payments.
Once the app is installed and mappings are configured, the Xero app will automatically sync all payouts for transactions processed through Thinkific Payments from Thinkific to Xero.
Connect and Configure the App
To connect the app:
- Install the app from the Thinkific App Store
- Click Install
- Review permissions and app details and select Accept & Install
Ensure that you are installing the app on the correct Thinkific site.
- You will be brought to the App Details page in your Thinkific account
- Select Connect to Xero
- On the new page, sign into your Xero Account
- On the next screen, review permissions and select Allow Access
- You will be brought back to the App Details page
- The app will create a new bank feed called Thinkific Payments [Currency]. Review and click Complete setup.
That’s it! Now you are ready to use the Xero app!
Use the Xero App
Once the app is set up, your future Thinkific Payment payouts will be automatically synced into your Xero account on an ongoing basis.
To view the app management options:
- From the Admin Dashboard, go to Integrations
- Select the Xero app
Here, you will see the following options:
- Logout out of your connected Xero account
- Xero Application: see your connected Xero account, its status, the last sync date and status.
- Payouts: View your payouts and retry any that may have failed. Filter payouts to find the ones you're looking for using the date and migration status filters
Frequently Asked Questions
Does this app cost extra?
No, the Xero app itself does not require any extra payments, however you will need an active Xero account to connect to. Learn more about Xero pricing and free trials here: Xero Pricing.
Will my PayPal data be synced to QuickBooks?
No, only payouts for transactions made using Thinkific Payments will be synced to Xero.
How will taxes be synced to QuickBooks?
You can have the option of including tax amounts as part of Thinkific Fees or to have tax separated out as a fee that you can map to its own expense account.
How can I sync my past transactions?
To sync your past transactions, follow these steps:
- From the Admin Dashboard, go to Integrations
- Select the Xero app
- Filter for the transactions using the date and Migration Status = Not Synced filters
- Find the payout you want to sync
- Click on the Sync button in the Actions column of the corresponding payout