From the 17th of October 2017, Xero will be changing how your Commonwealth Bank (CBA) personal credit card transaction data will be managed. After this date, automated CBA personal credit card transaction data will no longer be available.
If you currently hold a CBA personal card and are using it for business purposes our recommendation is to either change this card to a business card within CBA or look to another bank which has a broader sharing arrangement with Xero. Personal credit card data from the remaining big 4 banks – Westpac, NAB and ANZ will be unaffected and will continue to feed directly into Xero.
The alternative solution for importing CBA personal credit cards data will be to manually load the transactions into Xero via csv.
No other CBA products with direct feeds will be affected.
If you believe your business may be affected by this change or if you have any questions regarding the change, please contact your Field Group Accountant or reply to email@example.com
This document contains general advice only and is prepared without taking into account your particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should speak to a licensed financial advisor who should assess its relevance to your individual circumstances. While The Field Group believes the information is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the corporations Act 2001.