Launch Week II Day 1: Accounting Integrations

Today, we're thrilled to unveil powerful accounting integrations for your Lago billing engine.

When managing your billing with Lago, effortlessly forward your billing data to your favorite accounting tools.

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With our native integrations, you can now sync your billing data in real time with Xero and NetSuite, ensuring your accounting stays accurate and up-to-date without lifting a finger.

Why it matters

Connecting Lago natively to NetSuite or Xero has been one of our most requested features. This integration simplifies syncing your billing data with your accounting tools.

Since finance teams depend on these accounting systems, it’s essential for Lago, as your metering and billing solution, to provide seamless data synchronization.

Now, your finance team can work more efficiently and accurately, without the hassle of manual data transfers.

What's in it

Seamless connection

Lago connects natively to Xero and NetSuite using either basic token-based authentication or OAuth. Simply go to Settings > Integration to start connecting your accounting tools with Lago.

Items mapping for revenue recognition

Map your items between Xero/NetSuite and Lago to ensure all SKUs and unit economics are accurately aligned with your accounting rules and taxes. This mapping allows you to perform precise revenue recognition on top of Lago's metering and billing engine, ensuring your financial data is always reliable and up-to-date.

Real-time data sync

One of the standout features of these integrations is Lago's ability to sync billing data in real-time with your accounting tools. Here are the core actions Lago syncs to Xero or NetSuite:

• Customer Management: Automatically create a new customer or fetch an existing one.
• Invoices: Sync invoices instantly when a Lago invoice is finalized.
• Credit Notes: Sync credit notes seamlessly when Lago issues a credit note.
• Payments: Sync payments effortlessly when a payment intent is succeeded.

With these real-time updates, your accounting data stays current, accurate, and ready for any financial reporting needs.

Premium add-on

Please note that these integrations are premium add-ons, as Lago must maintain them to ensure top performance and reliability. If you need access to these powerful features, contact our team for more information.

Next steps and additional resources

Don't hesitate to check out our documentation for detailed guides on NetSuite and Xero integrations. If you need a specific demo, feel free to ping our team for assistance.