The data sync between the systems typically occurs within 10 minutes of an event occurring either in Parakeet or Xero (highlighted in BOLD).  


The only event which runs at the end of the business days 


Note:


* For Bills paid via Bank account, the event is marked as 'PAID' after it has cleared by the banks,  which can take up to 3 business days.  


Therefore, although Parakeet has collected the payment, if the status is marked as 'CLEARING' in your Parakeet portal, then it will NOT reflect in Xero until it is marked as PAID.



Event in ParakeetEvent in XeroTime to Sync from event
Apply Recommended Chart of Accounts into Xero
Update Chart of Accounts~5 minutes
Receive Bill Approve Bill 
~ 5 minutes
Update bill details
Update Bill details (e.g. amounts, due date)~ x minutes
Payment of a Bill* (when reach PAID status)Record Payment against Bill~ 5 minutes
Receipt of InvoiceApprove Invoice~ 5 minutes
Update invoice details
Update Invoice details (e.g. amounts, due date)
~ x minutes
Payment of an InvoiceRecord Payment against Invoice~ 5 minutes
Bills & Invoices - Final Clearing Transfer for Bank Accounts PayablesClearing Account Transfers (between Interim & Final Clearing)
- every 4 hours
Bills & Invoices - Final Clearing Transfer for Credit Card Payments
Clearing Account Transfers (between Interim & Final Clearing)
- every 4 hours