How To Start Bank Reconciliation In Xero Accounting Software?
1800-952-982
Bank reconciliation is a feature in Xero accounting software. This helps in matching transactions imported into the app from your bank account and the transactions entered in Xero by yourself. In this, the details are shown on a bank statement line with each account transaction imported from your bank. As per the Xero Support, the goal of this feature is to ascertain the differences between the two and to set appropriate accounting records.
How To Activate/Start Bank Reconciliation? Launch the application. Find and click on the Accounts Select Bank Accounts. Click Reconcile [number] items. Enter the bank account number you want to reconcile. Review individual statement line imported from your bank on the left of the Reconcile Take action in whichever situation is apt for you:
Xero suggested a match for any specific bank statement line. • Use Find & Match to find other transactions you’ve entered in the software. • Match the dates of the statement line and transaction if they are correct. • For manually imported statement lines, check day and month if they are not in the correct order. • If the statement line matches the correct transaction, click OK to accept and reconcile.
Find a transaction and reconcile as per the matching bank statement line. • Go to Reconcile tab, click on Find & Match. • Find the transaction and select the checkbox. • You can change the transaction order by clicking any column heading or search by name, reference or cheque number, invoice number or amount. • Click Reconcile.
Add spent/receive money transaction while reconciling. • • • • •
Under Bank reconciliation, click Create next to the bank statement line you want to reconcile. Add information on Who, What and Tax Rate. Enter a description Why. (Optional) Press Save Transaction to save the details. Click OK and create the transaction to reconcile it.
RELATED KEYWORD: •Start Bank Reconciliation in XERO •Bank Reconciliation in XERO Software
ORIGINAL SOURCE If you face any issue or problem during or after the process, you can contact Xero Support Number 1800-952-982. We can provide a solution to any of your Xero Software related issues; our support team can help you deal with such issues. you can also Visit our another Blog for getting the important Features of XERO You can trust our team without any second thought; we have a reputation for solving every problem.
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