Bank reconciliation made easy

Keep your financial records up to date with fast and simple reconciliation. Easily match your bank data with bills, invoices, and receipts using Xero’s bank reconciliation accounting software.

Spend less time on bank reconciliation

Focus on running your business with bank account reconciliation software that saves you time and helps you keep accurate accounting records.

Import data from your bank
Xero connects to your bank and pulls in data every day, ready to reconcile at a time that suits you.
Reconcile accounts easily
See suggested matches for your transactions, so you can reconcile bank data in a few clicks.
Bank reconciliation on the go
Do bank reconciliation at any time, on any device. Reconcile transactions from your desk or your train seat.

A better way to do bank reconciliation

Bank account reconciliation is part of running a business. It helps you see your cash flow more clearly, identify errors, and spot fraud. Xero’s account reconciliation software speeds up admin and keeps you on top of your finances.

Stay up to date with data imported straight from your bank
Reduce manual effort with automated transaction matching
Maintain accurate financial data by reducing the risk of human error

A person considering using Xero accounting software on their phone.

Reconcile in just minutes

Live bank data flows into Xero, so you can reconcile daily and see up to date account balances and cash flow insights.

Do reconciliations from any device, at any time
Make the most of spare moments and reconcile transactions using the Xero mobile app
Connect your bank to Xero or manually import bank statements in seconds instead

Xero suggests matches for quicker reconciliation

Our account reconciliation software recommends matches for transactions, categorises them, and applies bank rules. Most of the bank reconciliation process is done for you – you just need to review the suggestions.

Match data from your bank statements to invoice or bill payments
Create a new transaction in Xero as you reconcile if there isn’t one already
Reconcile bank data using rules or by accepting a suggested match

Bulk reconcile bank transactions

When there are lots of unreconciled bank transactions to code, you can reconcile them in one go for fast account reconciliation if you’re on the Grow, Comprehensive or Ultimate plan.

Sort and group transactions, then reconcile them in bulk
Receive alerts for suggested matches to invoices or bills
Apply a rule to a group of bank transactions

Bank reconciliation FAQs

: Getting bank data into Xero for reconciliation is simple. Most banks can connect to Xero so data flows in automatically. Then you can set your opening balance.
Getting bank data into Xero for reconciliation is simple. Most banks can connect to Xero so data flows in automatically. Then you can set your opening balance.
: Your bank data automatically flows into Xero, so you can regularly reconcile transactions and ensure your financial records are accurate and up-to-date. When you reconcile your accounts, you match bank data to transactions in Xero such as invoices, bills, and other payments. This should result in the same cash balances in your bank account and in Xero.
Your bank data automatically flows into Xero, so you can regularly reconcile transactions and ensure your financial records are accurate and up-to-date. When you reconcile your accounts, you match bank data to transactions in Xero such as invoices, bills, and other payments. This should result in the same cash balances in your bank account and in Xero.
: Absolutely. Review and match bank data over your morning coffee or in any free moment using the Xero accounting app.
Absolutely. Review and match bank data over your morning coffee or in any free moment using the Xero accounting app.
: Yes – you can easily manage bank accounts from the Xero dashboard. Each account has its own panel which shows the bank statement balance, the balance in Xero, and the number of statement lines to be reconciled.
Yes – you can easily manage bank accounts from the Xero dashboard. Each account has its own panel which shows the bank statement balance, the balance in Xero, and the number of statement lines to be reconciled.
: Yes – keep your bank reconciliation up-to-date and you can view your bank account balances, cash flow, unpaid invoices, monthly profit and other insights. See reconciled bank data and receive alerts about unreconciled transactions on the Xero dashboard.
Yes – keep your bank reconciliation up-to-date and you can view your bank account balances, cash flow, unpaid invoices, monthly profit and other insights. See reconciled bank data and receive alerts about unreconciled transactions on the Xero dashboard.
: When you reconcile transactions, Xero alerts you if your bank balance and the balance in Xero aren’t the same. If they don’t match, the bank reconciliation summary makes it easy to check for missing, deleted, or duplicated bank transactions.
When you reconcile transactions, Xero alerts you if your bank balance and the balance in Xero aren’t the same. If they don’t match, the bank reconciliation summary makes it easy to check for missing, deleted, or duplicated bank transactions.

Accounting software for your small business

Running a small business is hard enough without complex financial admin taking up your time. With Xero, completing tasks like bank reconciliation is a fast and simple process. Xero gives you the tools to manage your finances so these don’t become another full-time job.

See how Xero can help your small business