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LivePlan

Started by Xero API -   in App Reviews |Reporting

3.9 out of 5 stars
 
Based on 7 user ratings
If you are a user of Xero and LivePlan, tell us how you are getting on and your experience so far. Any tips?

About LivePlan


Make better business decisions by creating smart budgets and sales goals and then tracking your progress towards those goals with one easy-to-use dashboard. For more information, check out LivePlan.

Tip

Remember if you have questions or need assistance with LivePlan, this is not the best place to ask - this forum is for reviews and feedback only.

For general support, check out the LivePlan help center or this page for information on connecting LivePlan to Xero.

Hi, If anyone is considering using LivePlan, it turns out that it will not work if your Xero client has a credit card setup. The issue is that Xero sets up credit cards as bank account assets....except not really, because they show up in Xero as liabilities.

Anyway, for the scorecard, LivePlan will add any credit card balances to cash - making cash appear higher than actual. The credit card balance is not recorded as a liability.

I asked LivePlan support about this and they say that Xero needs to fix this. Not sure how LivePlan qualified as a Xero addon with this basic incompatability?

Too bad really, I was hoping to use LivePlan for my business planning services with Xero clients.

If anyone can suggest an alternate to LivePlan, I would be interested to hear about it.

 

Karen Hallson-Kundel  

I, too, had a lot of hope for LivePlan. I became certified through their program and really like it. However, I noticed the cash was highly inflated as well and see that it is because of the credit cards. I wish they could get this fixed so it will be a useable product.
 

Donna L. Bordeaux CPA  

Hi Guys - do you know if this feature has been fixed yet?
 

Dianne Underwood  

Hi everyone- this is Caroline Cummings, VP of Business Development from LivePlan. We have identified the fix and it will release this summer. The fix has some other issues around it and will launch with a bigger release this summer. The issue is that XERO treats a credit card in their API as a bank account and gives us as a developer no way to differentiate and know that it is a credit card. This then makes the credit card balances a NEGATIVE balance and they are brought in as an asset instead of a liability. In reality, they need to fix this API bug so that we can recognize them and distinguish them from bank accounts.

What we have done is worked to recognize when the account is a credit card, and then we put it into a liability in LivePlan, but we need to do a few other things before we launch this fix. Ideally though, XERO should fix this issue in the XERO API so that the credit card can be recognized in the proper way when we bring it into LivePlan.
 

Caroline Cummings  

Hi Caroline,

Do you have a date yet for the release of the fix for Xero? I'm anxious to try LIvePlan but not if the interface is not working properly.
 

Barbara Steinberg  

Hi Caroline,

As a Xero Partner, are you talking to Xero about this issue? Just asking.
 

Michael Mori  

Can we get an update on this?
 

Jeff Singer  

Hey Everyone, we've heard from LivePlan and they've released a fix to the Credit Card issue with Xero. If you have any other issues, do touch base with their team!
 

Brittany H (Community Manager)  

LivePlan has a great integration with Xero! One of the items LivePlan does need is to pull in Xero Budget numbers to use for the Milestone projections that LivePlan offers. It would be extremely convenient not to re-enter this figures since they may already be entered in Xero. Overall, highly satisfied with LivePlan and we recommend it to all start-ups including you, if your thinking about using LivePlan.
 

Will Lopez  

For startups, the combination of LivePlan and Xero is an absolutely must-have! How do you expect to juggle so many priorities and yet keep an eye on the bottom line? I highly recommend LivePlan and Xero.
 

Clemen Chiang  

I found it so easy to integrate Xero into Liveplan. The visual representations of income streams etc is really helpful. Maybe a bit more visual representation in Xero itself?
 

Greg Brown  

I've been using Liveplan with Xero for a few months now and love it. It's given me visibility about how we're doing against forecast like I've never had before and the business plan side of things is also great.

My only suggestion would be for it to have some kind of auto match for mapping accounts as this was a little long winded.

The live 'Scoreboard' dashboard and the way it brings in my Xero data is simply brilliant.
 

Rob Mackley