For UK Accounting Practices
When your client asks for a multi-currency account and you don't have an answer.
Accounting practices are natural guides to financial infrastructure. Gemba gives you a credible answer for clients with EU trade, international payroll, or cross-border supplier payments — without you becoming a regulated financial adviser.
16
currencies per account
∞
virtual IBANs per entity
Xero
bank feed via Open Banking
0.70%
FX spread over mid-rate
§ 01 — Common scenarios
Four situations we see with accounting practice clients
Scenario A
Client with EU suppliers or customers
Your client is paying EUR invoices through a GBP account and losing 2–3% on every conversion. A Gemba account with a dedicated EUR IBAN means they hold EUR when they receive it and convert only when they need GBP. FX at 0.70% versus 2–3% high-street rates. You look like the person who saved them money.
Scenario B
Client with overseas contractors
Client is using Wise or PayPal to pay contractors in Poland, Germany, US. Reconciliation is a mess: three platforms, three fee structures, three expense categories. One Gemba account covers SEPA (EU) and SWIFT (global) from one dashboard, with Xero bank feed. One monthly reconciliation instead of three.
Scenario C
Client expanding to a new market
Client is setting up in Germany or Ireland and needs a local-looking EUR account before they're ready to open a local bank account. Gemba's GB-prefix EUR IBAN is SEPA-eligible — local payers can transfer as if it's a domestic account. Ready in 3–5 days versus weeks for a local bank application.
Scenario D
Managing multiple client entities
Your practice holds client funds or coordinates payments across several entities. Virtual IBANs give each entity or client a unique receiving account identifier — all routing through to your master account. Clean separation for audit purposes. Webhook data drives automated reconciliation so you're not manually matching payments to entities.
§ 02 — Integration detail
How Gemba connects with accounting software
| Integration | Method | Detail |
|---|---|---|
Xero bank feed |
✓ Open Banking | Connect Gemba to Xero via Open Banking. Transactions feed daily with merchant name, amount, reference. Reconcile in Xero against invoices and bills. Supports multi-currency — each wallet appears as a separate bank account in Xero. |
QuickBooks bank feed |
✓ Open Banking | Same Open Banking integration. Connect once per currency wallet. Transaction feed with categorisation data. |
Sage bank feed |
✓ Open Banking | Open Banking compatible. Sage versions from Sage 50 Accounts (bank import) to Sage Accounting (direct feed). |
FX rates in reporting |
Export / API | Each conversion transaction in Gemba includes the rate applied, which flows through to Xero as the functional currency amount. Reduces manual rate-of-the-day lookups at month-end. |
Bulk payment upload |
CSV | Upload payment batches by CSV — useful for practice-prepared payable runs. Reduce data entry time for high-volume supplier payment weeks. |
Webhook / API |
REST API | For practices building custom reconciliation tools or integrating into a practice management system. Full API documentation available from Gemba on request. |
Ready to offer clients a better banking answer?
Open your own Gemba account first to understand the product, or refer a client directly through our link.