Trying to implement Xero Webhook

I’m trying to get my head around implementing the Xero webhook and could really do with some help please.

https://developer.xero.com/documentation/guides/webhooks/overview/

So far I have created a custom webhook and added params / post fields:

If I have the $_PARAM right then I need to create a hasg of the data and compare it to the signature.

I’m also not sure what the url will be for the webhook.

Any advice would be appreciated.

Jonathan

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