Essential Xero integrations for Australian businesses

Financial and forecasting software

It’s important to set up a reliable and efficient payment gateway system for your business. Xero is able to integrate with a wide variety of payment gateway providers, making it easier for you to manage your daily finances and track transactions. One example of this is Airwallex, a fintech company that offers a variety of features tailored to users of software platforms like Xero. Airwallex helps you stay on top of your finances by seamlessly connecting with your Xero account for real-time cash flow monitoring. Plus, with support for 160+ payment methods and multi-currency transactions, you can easily serve international clients while keeping your books in perfect order.

If you’re seeking a software tool with advanced financial forecasting features, you may want to consider Futrli, which is also able to seamlessly integrate with Xero. Futrli offers features like predictive forecasting and in-depth financial scenario planning, thereby providing you with real-time insights into your company’s performance and helping you make informed, data-driven decisions. Futrli’s platform comes with intuitively designed dashboards and reports, making it easier for non-experts to understand and share complicated financial data during meetings or pitches.

Project management software

As an existing business owner, you’re already aware of how crucial effective project management is to the long-term success of your company. According to a PwC study, 94% of respondents agreed that project management enables business growth. You may want to consider integrating a project management tool with Xero to help you keep track of your company’s tasks, timelines, and resources. One popular option is Trello, which offers a simple visual interface for overseeing and managing multiple projects at once. You can also integrate Trello with Xero to create invoices directly from your Trello platform, saving you a lot of time while also reducing the risk of man-made errors.

Another possible choice is Asana, which provides an even more comprehensive project management platform. By integrating Asana with Xero, you can link specific projects to specific clients, making it easier to track project-related expenses and revenues. You can also create tasks in Asana that automatically generate invoices in Xero, once the project has been completed. This type of integration can help you keep track of which invoice to send to which client and for which project or task, saving you a big headache in the long run. A survey by Creditor Watch found that around 80% of surveyed Australian businesses had to deal with late invoice issues in the last two quarters of 2023. 

Time tracking and billing software

One popular option in this category is QuickBooks Time. This time-tracking software tool comes with a user-friendly interface that your technical or non-technical employees can use to efficiently log their hours, no matter if they’re in the office or working from home. Integrating QuickBooks Time with Xero can also allow you to automatically create invoices based on tracked time and send them directly to your clients, with no middleman or human intervention required. This can not only reduce the amount of tedious admin you have to do, but also lower the risk of a billing error. It’s estimated that handling invoices and similar admin tasks manually can cost small and medium businesses across the world up to $600 billion in lost productivity.

Conclusion

Hopefully, you have found some of the discussed software tools and their Xero integration capabilities to be useful for, or relevant to, your specific business needs. As of 2024, Xero is able to integrate its software with more than 1,000 unique third-party apps and platforms. Integrating your existing software platforms or exploring new technologies that can integrate with Xero can help you build a more intelligent and interconnected ecosystem for your business to operate in.