Bank reconciliation adjustments
Xero’s new release yesterday included the addition of adjustments to the bank reconciliation. This is useful for scenarios where a payment comes in that does not exactly match the invoice you sent out.
If the amount is out by a few cents you can add the adjustment. The amount is placed into a rounding account, and your accountant can journal these into general expenses each month. We thought this was an easier way for you to handle small differences between a payment received and your invoice.
Thank you Anna for the suggestion.
We’re processing a lot of great customer suggestions for Invoicing and Bank Reconciliations and you’ll see a few new related features over the next month or two.