Yes, It does!
Syncing your Melio and Xero accounts is simple and only takes a few minutes.
Is the sync with Xero available to all subscription plans?
Core and Boost subscribers enjoy unlimited sync between their Melio and Xero accounts. Once you send or receive a payment through Melio, the status will be updated in your accounting software as well for seamless reconciliation.
Go subscribers can sync only the first 10 payments between their Melio and Xero accounts. Whether these payments are synced from Xero to Melio or vice versa, and whether they are payables or receivables, only 10 payments will be balanced between both accounts.
After this limit is reached, payments made in Melio will not sync to Xero, and pending payment bills from Xero will not sync to Melio.
Need all your payments synced between Xero and Melio? Upgrade to the Core or Boost plans.
How does the sync work?
Account payables, i.e. bills to pay, go through a two-way sync. This means that all of your Awaiting Payment bills (Draft or Awaiting Approval will not be synced), vendor details from Xero sync to Melio, and all of your unpaid, scheduled, and paid bills and vendor details from Melio sync to Xero. So you don't have to enter the same bill information twice, and payments are automatically balanced.
With account receivables, i.e. invoices, the sync is from Xero to Melio. This means that invoices should be created in Xero and then synced to Melio. Once they are paid in full with a payment request, they are synced back to Xero and marked as paid in both accounts. Invoices that are paid outside of Melio and marked as paid in Xero will be automatically marked as paid in Melio as well.