Your bank
Download your transactions from online banking as a CSV file and import them on Bank statements. Each line is matched to a rent payment or added to Finance, and importing the same statement twice adds nothing twice. There is no live bank feed.
Xero
On a paid landlord plan (not the free plan or the trial), open Settings, then the Integrations tab, which also has its own row under Account in the left menu. Press Connect Xero, sign in to Xero and allow access to your own Xero organisation. If you allow more than one, pick the one whose books the rent goes to. Connect from your own account, not from an agency workspace.
Then open the card’s settings and choose:
- The properties whose rent goes to that organisation
- The income account for rent, and the tax rate for rent without VAT: Exempt Income if your organisation is registered for VAT, otherwise No VAT
- A Xero bank account for the payments, or none if you want only the invoices
- The date to send rent due from. Nothing due before it is sent, so pick the day after the last rent already in your Xero books
Tick Send rent to Xero and save. Nothing is sent until you do.
What goes to Xero, and what does not
Each rent charge due from that date goes to Xero as a sales invoice, to a contact for its tenant. If you chose a bank account, each payment you record here on rent without VAT is added to its invoice, into that account. In Xero, match the line in your bank feed to the payment LetCompliance added, rather than creating a new one, or the rent counts twice. Sending runs every hour, or straight away when you press Send now. Anything Xero turns down is listed on the card: fix it in Xero or LetCompliance, then press Retry.
It is one way and rent only. Costs, bills and bank lines are not sent, and nothing you enter in Xero comes back into LetCompliance. Disconnecting stops anything more being sent; invoices and payments already in Xero stay there.
The Xero-compatible CSV
Finance also exports a Xero-compatible CSV of your rent and costs, set out the way Xero reads a bank statement, so your accountant can reconcile it there. If your rent already goes to Xero as above, match the file’s rent lines to the payments already there rather than adding them again.
Payouts
This is where Direct Debit collection is set up, on the same Integrations tab. The money moves to your bank account; it does not sit with LetCompliance, and it is kept on a completely separate rail from your subscription payment.
If you use neither
Nothing here is required. The product works fully with rent recorded by hand and figures exported as a CSV your accountant can open, which is how most people start.
What LetCompliance will not pretend
This is not a long list of integrations, because a long list of half-working integrations is worse than a short list of working ones. If something you need is missing, say so on the Feedback page. It goes on the list with your name against it, and several things shipped this year because one person asked.
