What are Xero Bank Feeds?
Xero Bank Feeds enable Zomentum to automatically populate your Xero account's bank feed with all transfers occurring in your Zomentum balance account.
How do Xero Bank Feeds help?
If there is a refund or chargeback, it will reflect in your bank feed as an entry, but it will not appear in the Account Transactions list. This is by design: accountants can identify discrepancies between the bank feed statements and the Account Transactions list, allowing them to resolve the difference as needed.
How to implement Xero Bank Feeds?
For existing accounts created before the feature launch: You will need to reauthorize your Xero account to grant permissions for Zomentum to push bank feeds. If reauthorization is needed, you'll see a notification on the platform
For new accounts: Bank feed integration is enabled by default, and no action is required
If no notification prompts you to reauthorize, the feature is already active for your account.
Logic for the first bank feed entry
To ensure the starting balance remains accurate:
Payments must precede payouts: Only payouts for payments already pushed to Xero bank feeds will be included in the bank feed.
Handling historical payouts: Payouts for payments processed before the feature was activated will not be pushed to Xero