Once you connect your Xero account to your Vault account, you will see all historical transactions appear in the Accounting tab in Vault.
Initial Balance
We do not set an initial balance for any of the Vault accounts that you created or linked from the chart of accounts during connection.
In order to match your Vault balances and transactions with your Xero balances and transactions, you will need to sync all historical Vault transactions through the Vault app. If you've already synced them directly on Xero at an earlier date, you are able to exclude these transactions on Vault's accounting tab.
Categorize Transactions
We pull your chart of accounts from Xero and allow you to categorize transactions within Vault.
Chart of accounts (pulled from your Xero account)
Accounting Rules
You can create rules to save time to close your books
Transaction Types
Vault has 6 main types of transactions:
Account Loads
Inbound bank transfer
Outbound bank transfer
Card purchase
Cashback
Currency conversion
Each type is handled differently when you sync the transaction to Xero.