How to Fix the Difference Statement Balance in Xero? Statement balance is the opening balance in Xero which was the sum of all bank balance Imported into it Manually, or by any other way. The balance in Xero is the opening bank balance plus the account transaction occurred in the bank account in it. Whenever both balances do not tally this problem becomes a very big issue for you but now you don’t need to worry Xero Support Australia provides some quick and easy to perform solutions for you: ❖ Check, if statement balance is correct: whenever you face this issue firstly you have to check that the statement shown is the same balance as your bank shows. If the balance does not match check one by one step on the page compares the statement balance with your actual bank balance to identify the error. ❖ Reconcile all the lines in bank statement of the bank account: after checking the statement balances, check the bank statement. This process will ensure that all transactions which took place have been recorded or not. ❖ Check the transactions which are unreconciled account transaction: open the account transaction tab of bank account. It, not a big deal to have unreconciled account transaction if you think that you have already reconciled them. It can be accrued when you create a duplicate transaction in the software.
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