- Add bank accounts and connect to a bank feed, or import statement lines.
- Reconcile invoices and bills to bank statement lines, manage advanced reconciliations, and make adjustments.
- Create spend and receive money transactions while reconciling the bank.
- Use bank rules and cash coding to quickly reconcile cash transactions.
- Use the Bank Reconciliation report to match the statement balance with the actual bank balance as per online banking.
Learn how to set up bank feeds in Xero and use the real time bank statement data to keep the accounts up to date in a couple of clicks.
- Chart of accounts