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Importing from Wesabe

Posted 8 years ago in Product by Adam Moore
Posted by Adam Moore

We were sad to hear recent news that Wesabe, an early pioneer of online financial software, is closing down this month. We always admired their work. The consumer space is very difficult to monetize, which is why we’ve taken the approach of linking personal financial management with business.

We don’t want to leave Wesabe users stranded. Some people might be inclined to seek another free alternative to Wesabe, but the hidden price for those services is having your personal data sold to marketing companies and advertisers.

That’s why we created Xero Personal as a low-cost, but sustainable service.

We have a significant product update of Xero Personal coming out very soon and we’re aiming to have the Wesabe importer available by then.

If you’re interested, it would help to know

  • How many months of transactions you want to transfer
  • The total number of transactions
  • The file size of your Wesabe file

Please let us know in the comments below or email

Better still, you can anonymously and securely upload your data file for us to test. We appreciate that it takes trust to transfer your data, so we encourage you to read all about our privacy and security policies at Xero.

For those transferring from Wesabe, we’d love your feedback on ways we can make the transition easier and hear your ideas for making further enhancements to Xero.


July 6, 2010 at 9.39 am

Hi Sara,
You mention there’s an upcoming update of Xero Personal. Are you able to give an ETA? Also, can we have a sneak peak (brief mention) of some of the changes?
Thanks, Phil

Nic Wise
July 6, 2010 at 10.20 am

You might also want to mention which format (XML or CSV), tho I guess people can just get both 🙂

Sara Goepel
July 6, 2010 at 10.38 am

hi Phil, the release is tracking for next week and will include the ability to add labels and split transactions.

July 6, 2010 at 5.42 pm

wow! there are still some ‘angels’ left in in this world, in business who care about consumers than solely on their businesses 🙂

un-fortunately if divulging some of my non-life-threatening personal info to marketers enables to push great offers to me, help me save money, hunt bargains… why not ? I not mind that. As a consumer, I see that as value addition in such free alternative model…

Benjamin "balupton" Lupton
July 6, 2010 at 7.20 pm

Hey, this is great news. I’ve recently been recommended Xero from a fellow web designer/developer. As a long time Wesabe user this is quite welcomed – still getting my accounts setup now 🙂

July 6, 2010 at 8.36 pm

Xero looks very good so far (I have been using it for 1 day) The fact that one can upload ofx files is a big plus. I am looking forward to trying it out further. Thanks for offering to upload Wesabe info. That would be a big help. I have just uploaded my csv file as example as requested.

July 6, 2010 at 8.46 pm

In the comment above, I mention the ofx file upload which is a big plus, which is true. However, automatic updates would naturally even better, but I live in South Africa, and I realize that it is going to take a while before applications such as Xero would be able to integrate with South African banking institutions. In the meantime ofx uploads works fine.

July 10, 2010 at 6.03 pm

In addition to exporting wesabe data in CSV or XML, there is also a JSON option. In my case, I would like to import about 7 accounts (3 active, 4 archived and not used) with about 5 years worth of data (about 9000 total transactions).

Also, I have been testing Xero for about a day or so and here are some quick differences as compared to Wesabe:

In Transactions, adding notes and attaching receipts was pretty handy in Wesabe. I don’t see those in Xero. I would hate to lose that data if I transition to Xero. Well, I suppose the attachements are not going to export, anyway. But adding a notes field to transactions would be good.

Accounts: I think a lot of Wesabeans pressed really hard in the forums to track a Cash Account. Also, tracking Investment Accounts was in Wesabe, but I don’t think they got that feature complete (seemed pretty basic). Xero has the basics of Checking, Savings and Credit Card.

All in all, Xero seems to be a decent product with an easy to use, very quick UI.

Stacy Palvisak
July 11, 2010 at 4.58 am

I am devastated Wesabe is shutting down and scouring for alternatives. Would love if Xero supported QIF file downloads or a section to track cash flow!

Brian Donovan
July 18, 2010 at 1.03 pm

I’m one of the Wesabe developers and we just released a snapshot format that contains all of a user’s Wesabe data. It’s a bunch of JSON files plus attachments. That’s the best format to use if you want to import literally everything, though the JSON export on a per-account basis might also work.

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