What Xero already gives you
- A client list, which is your starting point for who needs due diligence.
- Transaction history, useful when a matter looks inconsistent with a client's profile.
- Practice management (Xero Practice Manager or similar) for matter and engagement records.
What it does not do
- Store which identity document you sighted, who verified it and when, in a way that survives a client being archived.
- Rate risk, schedule reviews or flag politically exposed persons.
- Generate or version an AML/CTF program.
- Track suspicious matter and threshold transaction deadlines.
- Keep a tamper-evident audit trail of your compliance actions.
The practical setup
- Keep Xero as the ledger and practice system.
- Keep AML records in a system built for them, keyed by the same client name.
- When you onboard a client in Xero, onboard them in the AML system the same day.
- When a review comes due, look at the Xero history for anything unusual, then record the review.
About integrations
LedgerAML does not currently integrate with Xero, and we say so rather than imply it. Client names are typed or pasted; the compliance record is deliberately separate from the ledger so that archiving a client in one never destroys a record in the other.
Questions people ask
- Is there an AML add-on in the Xero app marketplace?
- There are identity verification services listed there. They verify a document; they do not give you a program, risk ratings, reviews or an audit trail. Use them as one input to your due diligence if you like.
This guide is general information for accountants, bookkeepers, BAS agents, not legal advice. Check AUSTRAC's current guidance for your situation.