Cash coding is a great way to save time when reconciling your bank accounts in Xero. By sorting unreconciled bank transactions into order, you can enter general ledger information into the top line and copy it down into the other lines. That saves you from having to manually enter the same information over and over…
In Xero, there are two ways you can unmatch reconciled transactions in your bank accounts: Unreconcile Remove and Redo The main difference is that remove and redo has a bigger effect on the accounts. Let’s take a look at each of the functions before discussing which one to use in different situations. The Unreconcile Function…
Using bank rules in Xero is a great way to reduce the amount of manual work you need to do to reconcile your bank accounts. In this video tutorial, we will take a look at how you can create bank rules in Xero to help automate your bank reconciliation process. You can create bank rules…
To delete a bank account in Xero, the account must not contain any transactions. If you would like to remove a bank account that contains transactions, you need to archive it instead. In this video tutorial, we’ll take a look at how you can delete or archive bank accounts in Xero that you don’t need…
After you have set up a bank account in Xero you may need to import some transactions or an entire bank statement. Xero has an Import Bank Transactions tool that makes this easy to do. In this tutorial, we will import a few bank transactions into a new bank account in the demo company. To get started,…
After setting up a bank account, credit card or PayPal account in Xero, you may need to add the opening balance of the account before importing the transactions. There are several ways of adding an opening balance to a finance product in Xero and the method you choose depends on how the finance product was…
Adding a bank account and an automatic feed to bring your transactions directly into Xero is easy to do. In this video tutorial, we will add a bank account to Xero and set up an automatic feed to save us from having to manually import transactions. Adding a Bank Account in Xero To get to…
