Xero: Changes To 90 Day Reauthentication Coming Soon
Introducing a simplified re-authentication workflow ...
Posted by Alison Mead on 04/07/2022 @ 8:00AM
Xero has informed me that there will be changes to the 90-day reauthentication rule for bank feeds soon. It is frustrating to need to do this every three months, so Xero (and others) asked the Financial Conduct Authority (FCA) to change the rules ...
Once Xero makes it available for your bank, I can help you with a handholding session over Zoom or Teams!
The FCA has, in fact, changed its rules around Open Banking connections so the lobbying by the accounting software vendors has worked. Once fully implemented later this year, reauthentication will become a lot simpler.
"You'll only need to re-confirm consent so no more relying on your clients' login details each quarter!"
Xero is working with its Open Banking provider to make these changes with the banks so they'll have a clearer idea of timelines soon. I'll let you know when it's ready to go so you'll have plenty of time to prepare for the new workflow.
Once Xero makes it available for your bank, I can help you with a handholding session over Zoom or Teams to help you make the changes you need to keep those bank feeds downloading into Xero.
Until next time ...
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more about the Xero's new authentication workflow, it may be a great idea to give me a call on 01604 261655 and let's see how I can help you.
Alison loves bookkeeping and supporting bookkeepers. She has been helping clients to be better bookkeepers in Sage 50 for over 24 years and has been Xero Accredited in accounts and payroll for a number of years too.
She specialises in a very unique hand-holding method of training, helping bookkeepers and business owners to use their accounts software as and when they need support in setting up and producing their invoices, reports and financial information.
Alison combines her role at Silicon Bullet with her Forever Living network marketing businesses and is often to be seen at business networking meetings as she likes to keep busy.
You know what they say: if you want something done well ask a busy person!
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