Admin and Finance users can connect their Aspire Yield account to Xero so that deposits, withdrawals, and monthly returns are automatically pushed to their Xero books, keeping their accounting up to date without any manual entries.
What Gets Synced
Transaction | Description | When It Syncs |
Deposit | Money moved into your Yield account | Every 3–4 hours |
Withdrawal | Money moved out of your Yield account | Every 3–4 hours |
Monthly gain or loss | Total return earned (or lost) on your Yield balance for the month | 1st of the following month |
How to Connect Your Yield Account to Xero
On your Aspire dashboard, go to the integration setup (web app) and select “Manage Connection” in your Xero Integration Setup
In the "Select Accounts" step, select your Yield account alongside any other accounts you want to connect.
If your Yield account already matches an existing Xero account, it is pre-selected for you.
If no match is found, you'll see "Create or Select an account" — choose an existing Xero account or create a new one. The default name is "Aspire {currency} Yield Account".
Select a start date for your sync. The default is your Yield account's opening date or one year ago, whichever is more recent.
Click "Connect" to finish. Your Yield account will appear on the Xero Integrations screen with its linked Xero account, start date, and sync status.
Note: If your Xero account does not have multi-currency enabled and your Yield account is in a non-base currency, that Yield account will be greyed out and cannot be connected.
How the Sync Works
Deposits and Withdrawals
Deposits and withdrawals are synced automatically every 3–4 hours. Each entry in Xero is clearly labelled so you can categorise it:
Yield Deposit - SGD (or relevant currency)
Yield Withdrawal - SGD (or relevant currency)
Monthly Gains and Losses
On the 1st of each month, a single entry is pushed to Xero for the previous month's total return on your Yield balance:
Net gain → a credit entry labelled Yield Monthly Gain - {Month YYYY} (e.g. Yield Monthly Gain - March 2026)
Net loss → a debit entry labelled Yield Monthly Loss - {Month YYYY}
Zero return → no entry is pushed for that month
If you connect your Yield account mid-month, the first entry covers the gains or losses from your sync start date to the end of that month.
You can tag these entries to an interest income or expense account in your Xero chart of accounts.
All entries go to the same Xero account you linked during setup.
Historical Data
When you first connect, Aspire syncs all historical deposits and withdrawals from your chosen start date up to today. For each completed calendar month in that range, one monthly gains/losses entry is also pushed. The current (incomplete) month's gains or losses are pushed at month-end when the regular sync runs.
Need Daily Gains and Losses Updates?
By default, your gains and losses are synced to Xero once a month on the last day of the month. If you need these updates pushed to Xero on a daily basis instead, our support team can enable this for you.
To request daily syncing, chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.
Sync Failures and Notifications
If the sync fails for your Yield account, all Admin and Finance users are notified automatically. If your overall Xero connection is disconnected, syncing stops for all connected accounts until it is restored.
Frequently Asked Questions:
Why do I see a "Yield Monthly Gain" or "Yield Monthly Loss" entry in Xero?
This is the total return earned or lost on your Yield balance for that calendar month. It is added automatically so your books balance correctly — without it, your Xero account would show a mismatch between your deposits and withdrawals.
What happens to this month's gains or losses while the month is still in progress?
The current month's entry is not pushed until the 1st of the following month, once the full month is complete.
I just connected my Yield account. Will my older transactions appear in Xero?
Yes. When you connect, all deposits, withdrawals, and monthly returns from your chosen start date are synced to Xero. You can go back up to one year, or to your account's opening date — whichever is more recent.
What happens if my Xero connection breaks?
Syncing stops, and all Admin and Finance users are notified. Once the connection is restored, the sync resumes.