Tuesday, October 1, 2024

Australian-born fintech Airwallex integrates with Intuit QuickBooks to offer seamless multicurrency reporting

Airwallex, a number one international funds and monetary platform for contemporary companies, have introduced an integration with QuickBooks, the main monetary expertise software program platform amongst companies of all sizes.

With the QuickBooks Financial institution Feed integration, Airwallex prospects can join with the favored accounting software program and seamlessly sync their Airwallex transactions throughout supported currencies into their QuickBooks On-line account – eliminating tedious information entry and rushing up the reconciliation course of.

“As companies scale globally, every part will get extra complicated – together with accounting. Airwallex’s Financial institution Feed integration with QuickBooks means our prospects can skip time-consuming, error-prone guide information entry for a sooner, extra holistic and extra correct view of their books throughout markets and currencies,” mentioned Ravi Adusumilli, Govt Normal Supervisor, Americas, at Airwallex.

“In the end, QuickBooks’ accessibility coupled with our international monetary infrastructure and software program will allow stronger monetary decision-making all through the reporting course of,” Adusumilli added.

“The worldwide alternative for small and rising companies is big, and enterprise homeowners want the best accounting and fee instruments to capitalize on it,” mentioned Imran Haider, Director of Product Administration, Intuit Information Trade. “We’re excited to work with gamers like Airwallex to simplify the accounting operate for international companies. By integrating Airwallex and leveraging QuickBooks’ Multicurrency characteristic, we’re powering international cash administration and reconciliation for our shared prospects.”

With this integration, Airwallex prospects can remove repetitive guide inputs and higher handle their time and money circulation. Extra particularly, Airwallex and QuickBooks prospects are actually capable of:

  • Sync card, international alternate (FX), fee, and switch transactions throughout Airwallex’s foreign money balances utilizing the QuickBooks Multicurrency characteristic.
  • Leverage the OAuth connection service for enhanced safety when authorizing automated transaction syncing between QuickBooks and Airwallex.
  • Keep away from pointless information entry duties – and potential errors – to extra effectively handle day-to-day monetary duties.

This integration enhances the prevailing QuickBooks integration for Airwallex’s Invoice Pay and Expense Administration merchandise, which assist companies handle and observe their firm and worker spend. Along with QuickBooks, Airwallex integrates with a number of main accounting software program platforms together with Xero, Netsuite and Sage.

Be taught extra concerning the Financial institution Feeds integration right here and Bills and Payments integration right here.

 


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