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Allow Xero bank feed API for petty cash accounts. Currently Xero has a bank feed API, but this is restricted to banking institutions only.

Considering Xero encourages accountants to make automations to improve their work, I think opening the bank feed API is a missed opportunity. This would increase productivity so much by allowing automating petty cash and expense systems automations.

This would also allow users to choose to make their own bank feeds using open banking for EU accounts (since Xero does not have their own licence for this it shouldn't prevent accountants partnering with licenced companies to provide their clients bank feeds).

bankfeedapi.com have made a very simple, but effective proof of concept of an end user bank feed api that can be automated between a licenced bank feed aggregator like fintable.io and Xero to produce a bank feed.

Xero have since blocked access to bankfeedapi.com due to how it accesses Xero (I agree since it mimics being a Xero user to emulate uploading a CSV statement), but I feel that someone going to the extent of making that api shows how Xero is behind other software that currently provide EU bank feeds.

I use Xero for all my UK clients and I have started onboarding clients in Spain currently on manual records. If Xero do not at least provide an api for petty cash style accounts in the near future, I will have to start onboarding my Spanish clients onto QuickBooks instead so they can get a bank feed.

It's such a shame as the technology is already there and it is purely Xero's own policy putting it far behind other software providers for EU countries.