Airwallex Adds Integration with QuickBooks for Bank Feed Data

Airwallex, a payments and financial platform for modern businesses, has added integration with QuickBooks. With the QuickBooks Bank Feed integration, Airwallex customers can connect with the popular accounting software and sync their Airwallex transactions across supported currencies into their QuickBooks Online account – eliminating tedious data entry and speeding up the reconciliation process.

“As businesses scale globally, everything gets more complex – including accounting. Airwallex’s Bank Feed integration with QuickBooks means our customers can skip time-consuming, error-prone manual data entry for a faster, more holistic and more accurate view of their books across markets and currencies,” said Ravi Adusumilli, Executive General Manager, Americas, Airwallex. “Ultimately, QuickBooks’ accessibility coupled with our global financial infrastructure and software will enable stronger financial decision-making throughout the reporting process.”

“The global opportunity for small and growing businesses is huge, and business owners need the right accounting and payment tools to capitalize on it,” said Imran Haider, Director of Product Management, Intuit Data Exchange. “We’re excited to work with players like Airwallex to simplify the accounting function for global businesses. By integrating Airwallex and leveraging QuickBooks’ Multicurrency feature, we’re powering global money management and reconciliation for our shared customers.”

With this integration, Airwallex customers can eliminate repetitive manual inputs and better manage their time and cash flow. More specifically, Airwallex and QuickBooks customers are now able to:

Sync card, foreign exchange (FX), payment, and transfer transactions across Airwallex’s currency balances using the QuickBooks Multicurrency feature.
Leverage the OAuth connection service for enhanced security when authorizing automated transaction syncing between QuickBooks and Airwallex.
Avoid unnecessary data entry tasks – and potential errors – to more efficiently manage day-to-day financial tasks.

ADAPTOVATE, a global management consulting company headquartered in Sydney, has been an Airwallex customer for four years and a beta customer for the QuickBooks Bank Feed integration.

“As an Australian-founded business with offices across Europe, Southeast Asia, and North America, we need a global and always-on platform to support our financial operations,” said Douglas Ross, Co-Founder, Senior Partner and Managing Director at ADAPTOVATE. “Airwallex’s cross-border payments and card capabilities have been critical to our ability to operate across currencies and manage money responsibly. The unique multicurrency bank feed integration with QuickBooks streamlines our reconciliation and money movement processes even further, helping us get back to what we do best: unlocking value for our global clientele.

“We just wouldn’t be as successful without Airwallex. It helps us move faster and actually deliver. We can’t move money at the speed we can on Airwallex any other way. We now have everything centralized in an all-in-one interface and it really sets us up for growth.”

This integration complements the existing QuickBooks integration for Airwallex’s Bill Pay and Expense Management products, which help businesses manage and track their company and employee spend. In addition to QuickBooks, Airwallex integrates with several leading accounting software platforms including Xero, Netsuite and Sage.