Yes — you need to connect a Xero or QuickBooks account to set up Link My Books, but a free trial of either is all you need. You don't have to pay for a Xero or QuickBooks plan, and you can't finish setting up with only a sales channel connected.
Once you're set up, you can keep using Link My Books without paying for a Xero or QuickBooks plan, by downloading your settlements as CSV files (see below).
It is a much quicker, smoother and streamlined process to use Xero or QuickBooks with Link My Books.
However, if you have another accounting software that you wish to upload information into, then you can download the settlement information in Link My Books to a CSV file.
How does it work?
1. Follow Steps 1 - 3 in the Step-by-Step Guide to Setting up Link My Books connecting a trial Xero or QuickBooks account up as your bookkeeping account.
2. Review your settlement information on the dashboard by using the View button on the Action drop-down.
3. Once in the View option, check your settlement transactions and then select 'Download Entry'.
The downloaded file will include all the detailed transactions within that particular settlement which you can then upload to your bookkeeping system manually.