Monzo generates clean statements from the app, but small businesses on Monzo often need those months inside Xero — especially the period before a bank feed was connected. Conversion bridges the gap.
Convert the statement first
- Export the statement PDF from Monzo and upload it to the converter.
- App-generated statements convert cleanly: every transaction with its full merchant detail, verified against the statement's printed balances.
- Download the OFX export.
Import into Xero
- Manage account → Import a statement on the matching Xero account.
- Select the OFX file — no column mapping — and reconcile.
Monzo-specific notes
- Pots: transfers to and from pots are real movements on the main account statement; they import as their own signed rows, so the main-account balance still reconciles. If you run a dedicated pot for tax, keep it visible with a Xero bank rule rather than deleting the rows.
- Round-ups are ordinary small transfers — the conversion doesn't lump them, so your books show exactly what the statement shows.
Reconciling
The import's closing position equals the statement's printed balance, verified before export. Feed-overlap duplicates are the usual suspect if Xero disagrees afterwards.