Adding a Xero company to Fathom
Fathom has a direct integration with Xero and those with Advisor or Standard level permissions in Xero are able to import data into Fathom.
When you import a Xero company into Fathom, your company’s Chart of Accounts will automatically be brought into Fathom. You can import a maximum of 3000 accounts and up to 8 years of monthly data.
Importing your financials from Xero
To add a company from Xero into Fathom:
After authorising access, Fathom will begin to import your financial data (Profit & Loss and Balance Sheet). The import should not take more than a few minutes. Once completed, you will see your Xero company listed on the 'My Companies' screen in Fathom.
💡 Pro Tip: All initial imports from Xero will default to the accrual accounting method. To switch the accounting method, please see our article on switching between cash basis and accrual accounting.
Update your financial data from Xero
You can manually update the financials of your Xero company in Fathom at any time in the company’s Settings.
💡 Pro Tip: By default, Fathom will automatically update your financial data from Xero once every 24 hours. This setting can be toggled on or off in 'Step 1 - Update Data' of the Settings for a company. For more information about automatic updates, please see our ‘Automatic Updates’ article.
What you want to do:
Next step in setup process:
Have classes or locations you want to analyse or report on?
Want to switch out the budget that was automatically imported?
Happy with the above and ready to begin setting up your Company Profile?
💡Pro Tip: If you want to consolidate several companies in Fathom, we recommend importing and completing the setup process for each company before creating a consolidated group.