A bank reconciliaiton is the process of confirming that all the transactions in your bank accounts are recorded in your business accounting records.
The more accurate and up to date your bank reconciliation, the better visibilty you will have of your cash flows. We recommend that you reconcile weekly, at a minimum you should reconclile at least monthly.
Below is a list of key help guides relating to bank reconciliations on the Xero Central support portal. A more comprehensive list is available in Xero Central portal
- Understanding how bank reconciliation works
- Reconcile your bank account
- View bank reconciliation details
- Process a client or supplier refund
Add spend or receive money transaction while reconciling - Create a bank rule
- Edit or delete bank rules
- Reconcile statement lines in bulk
ISSUES WITH RECONCILING
- Why are the statement balance and balance in Xero different
- Fix problems with bank rules
- Fix an incorrectly reconciled bank statement line
- Unable to reconcile an overpayment created while reconciling bank transactions
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