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Airwallex joins Intuit QuickBooks to provide seamless multicurrency reporting

By Gloria Mathias

July 05, 2024

  • Airwallex
  • Electronic Payment Funds
  • Financial Infrastructure

Airwallex, MexPago, Fintech Unicorn, Payments, license-holder, financial infrastructure, financial platform, Electronic Payment Funds, Fintech news, Fintech Mexico, Intuit QuickBooks, Fintech solutions, Multicurrency Reporting, Airwallex, a global payments and financial platform for modern businesses, has announced an integration with QuickBooks, a financial technology software platform for businesses of all sizes.

With the QuickBooks Bank Feed integration, the global payments firm’s customers can connect with the popular accounting software and seamlessly 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 at 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.

Airwallex and QuickBooks customers will be able to:

  • Sync card, foreign exchange (FX), payment, and transfer transactions across the company’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 manage day-to-day financial tasks more efficiently.

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 accounting software platforms, including Xero, Netsuite and Sage.

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