Importing financial data
To import data from Xero > Select ‘Add a Company’ > then select ‘Xero’ as the source.
The first time Fathom connects to your Xero organisation, you must authorise Fathom to access your data from Xero. You’ll only need to do this once for each Xero organisation.
Please note: Only users with 'Advisor' or 'Standard' permissions in Xero will be able to authorise access to the Xero data.
When you return to Fathom, you can select the period range of data that you wish to retrieve from Xero.
Tip: Choose your starting month carefully - afterwards you will not be able to import data prior to this month.
Importing budget data
If you'd like to import a financial budget, select 'include budgets' during your financial import. Budget data from the 'Overall Budget' will then be imported from Xero. This data is useful for setting targets and also enables budget vs actual variance analysis as well as forward projections.
Note: You can also import a budget from Excel, as opposed to Xero.
Importing tracking category data
Fathom allows you to import tracking category data for analysis. This can be done either during the initial import, or when updating a company that is already in the platform.
More information on how to import tracking categories can be found here: Import Tracking Category Data from Xero
When you're ready to import your financial data from Xero, click ‘Import’.
Update your data from Xero
By default, Fathom will automatically update your financial and budget data from Xero on a daily basis. This setting can be toggled on or off in 'Step 1 - Update Data' of the company setup.
At anytime, you can manually update the data in Fathom by selecting 'Update from Xero' in 'Step 1 - Update Data' of the company setup. This will synchronise the data in Fathom with the data in Xero at that point in time. If required, you can also update the budget from Xero.
Permissions required to connect to Xero
To connect a Xero company, you must be an 'Advisor' or 'Standard' level user with the 'View Reports' permissions set to 'All Reports' in that specific company. If you cannot find your company in the list that Xero presents, you'll want to check on the permission levels in Xero before reattempting the import.