Focus on what’s outstanding
With Xero, it's quick and easy to do daily bank reconciliations to keep your accounts accurate and up-to-date. Your bank statements can be imported into Xero and then matched to transactions you have entered.
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- Quickly import your bank statements - you can do this daily
- It's easy to reconcile your bank statements with your invoices and cashbook
- You can see interactive graphs and charts, which provide at-a-glance visibility of your cashflow
- Xero automates the mundane
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Banking within Xero automates those repetitive mundane processes, enabling you to focus on dealing with the exceptions.
- Automated matching
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Any transactions that have been downloaded from your bank will be automatically matched to transactions entered into Xero.
- Easily import bank statements
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Bank statements can be quickly imported into Xero, saving you time and no re-keying involved.
- Transfer money
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Record a transfer in Xero that you have made between your bank accounts.
- Watch an overview of Bank Reconciliation in Xero
- Reconcile when you need to
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You can reconcile outstanding transactions as often as each day or as little as six monthly, it’s up to you when you reconcile.
- Easily identify unreconciled items
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View the number of items that have been downloaded from your bank and are awaiting reconciliation.
- Reconcile and pay in one go
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When you reconcile to an invoice that is not already marked as paid, the invoice will be automatically marked paid for you.
- Identify past trends
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Interactive graphs show snapshots for the previous six months. Hovering your mouse over a date displays your bank balance on that date.
