Automatic bank reconciliation software by JAX
Want to skip the admin? JAX, your AI finance partner, reconciles your bank transactions for you. Connect your bank accounts to Xero. Let JAX match and categorise transactions while you’re busy with your real work. Then check the list when you get a minute. Available on the Grow plan and above.
Smart automatic bank reconciliation with JAX
Xero’s AI feature, JAX, reconciles your transactions behind the scenes. When you next log in to Xero, everything is waiting for you to check
Turn on automations for each bank account
Your bank transactions flow into Xero, where you can ask JAX to reconcile them as soon as they arrive.
Get highly accurate transaction matching
JAX uses four reconciliation methods – Rule, Match, Memory, and Prediction – for a sophisticated approach.
Review only what needs your attention
Double-check matches and easily make adjustments on the spot.
Bank reconciliation for your UK business
Keeping your finances up to date shouldn’t mean tedious admin. Xero’s bank reconciliation software connects to your bank and regularly pulls in data so it’s ready to reconcile. Then it’s over to JAX!
- JAX automatically reconciles transactions when it’s highly confident they match
- If in doubt, JAX suggests a match but leaves the transaction for you to reconcile manually
- This gives you a reliable process for many of your bank reconciliations
Win back hours every week with JAX
Don’t spend ages reconciling your transactions – let JAX work in the background. That way, whenever you check your finances, the admin is already sorted. You see what cash you have available and can plan ahead with your spending.
- As soon as your bank transactions flow into Xero, JAX reconciles them for you
- Review any transactions that need your attention on Xero’s desktop version or the Xero Accounting app
- Keep your financial records accurate and ready for your Making Tax Digital (MTD) reporting
An easier way to reconcile your transactions
JAX uses four reconciliation methods: Rule, Match, Memory, and Prediction. You can always check the logic behind the reconciliation and make any adjustments. And the more you use JAX, the smarter it gets, saving you even more time.
- Rule – one of your bank rules is applied
- Match – a bank transaction matches an existing Xero record
- Memory – JAX decides based on how you've reconciled similar transactions
- Prediction – JAX suggests based on how other Xero users reconciled similar transactions
Full visibility and total control
Xero’s online bank reconciliation feature gives you oversight of everything JAX reconciles. See bank and accounting details in a single view, understand exactly why each transaction was reconciled, and fix any errors straight away.
- Turn JAX’s automation on or off at any time for each bank account
- Easily spot the transactions that need your attention
- Find receipts and add relevant documents in Xero’s Reconcile tab
- Make any corrections right there on the page for a fast process
Process multiple transactions faster
Save time and manual effort with Xero’s bulk reconciliation and cash coding. Process many transactions at once, sorting and coding similar transactions together.
- Let Xero sort and group similar transactions – like daily sales – then reconcile them all in one go
- Get Xero to use your transaction history to suggest matches for recurring payments like invoices and bills
- Create bank rules to automatically treat groups of similar transactions the same way every time
- Cash coding works alongside JAX for a smooth system
What Xero customers say about automatic bank reconciliation
I would say I'm usually spending seven hours a week. I'll be able to get through them in less than 30 minutes on a given day now – definitely a third of the time I'd usually be spending.
Rob Morrison, Bread + Butter
See how automatic bank reconciliation works in Xero
FAQs on Xero’s bank reconciliation software for the UK
Xero’s automatic bank reconciliation is powered by JAX. When new statement lines arrive in Xero, JAX aims to reconcile them using one of four methods:
- Rule – one of your bank rules is applied
- Match – a transaction matches an existing Xero document
- Memory – JAX decides based on how you’ve reconciled similar transactions
- Prediction – JAX suggests based on how other Xero users reconciled similar transactions
JAX only automatically reconciles when it’s highly confident.
Xero’s automatic bank reconciliation is powered by JAX. When new statement lines arrive in Xero, JAX aims to reconcile them using one of four methods:
- Rule – one of your bank rules is applied
- Match – a transaction matches an existing Xero document
- Memory – JAX decides based on how you’ve reconciled similar transactions
- Prediction – JAX suggests based on how other Xero users reconciled similar transactions
JAX only automatically reconciles when it’s highly confident.
You need to have a Xero Grow, Comprehensive, or Ultimate plan to use the JAX automatic bank reconciliation feature.
Once you’ve connected your business bank accounts to Xero, you can turn on JAX for each one. You can also turn off JAX if you prefer not to use it for a particular account.
JAX automatically matches and categorises your bank transactions when it’s highly confident. For the rest of your transactions, just review and approve JAX’s suggestions or match them manually.
You need to have a Xero Grow, Comprehensive, or Ultimate plan to use the JAX automatic bank reconciliation feature.
Once you’ve connected your business bank accounts to Xero, you can turn on JAX for each one. You can also turn off JAX if you prefer not to use it for a particular account.
JAX automatically matches and categorises your bank transactions when it’s highly confident. For the rest of your transactions, just review and approve JAX’s suggestions or match them manually.
Xero takes its responsibilities for protecting your data seriously. It keeps your data secure and aims to deliver the best AI experiences for you.
Xero takes its responsibilities for protecting your data seriously. It keeps your data secure and aims to deliver the best AI experiences for you.
It’s pretty simple. First, connect your bank account to Xero so your transaction data flows in automatically. If you can’t connect your bank, don’t worry – you can manually import your data.
Next, set your opening balance, and that’s it – you’re ready for JAX to reconcile your transactions.
It’s pretty simple. First, connect your bank account to Xero so your transaction data flows in automatically. If you can’t connect your bank, don’t worry – you can manually import your data.
Next, set your opening balance, and that’s it – you’re ready for JAX to reconcile your transactions.
It depends. When done manually, bank reconciliation can be laborious.
But with Xero’s bank reconciliation software, the clever AI automations take care of this for you. All you need to do is review the AI-matched transactions and make any adjustments. You can manage cash transactions in bulk and zip through this task in minutes instead of hours.
It depends. When done manually, bank reconciliation can be laborious.
But with Xero’s bank reconciliation software, the clever AI automations take care of this for you. All you need to do is review the AI-matched transactions and make any adjustments. You can manage cash transactions in bulk and zip through this task in minutes instead of hours.
For sure. By efficiently reconciling transactions using JAX, you’ll have an accurate picture of your bank balances, cash flow, and unpaid invoices. Your Xero dashboard also flags any unreconciled transactions to make sure you’re on top of this work.
You can then run Xero’s reports for clear, detailed insights into your business. For example:
- look at your profit and loss report for the last quarter
- track your key financial metrics with the help of data visualisations
For sure. By efficiently reconciling transactions using JAX, you’ll have an accurate picture of your bank balances, cash flow, and unpaid invoices. Your Xero dashboard also flags any unreconciled transactions to make sure you’re on top of this work.
You can then run Xero’s reports for clear, detailed insights into your business. For example:
- look at your profit and loss report for the last quarter
- track your key financial metrics with the help of data visualisations
Yes, you can edit a reconciled transaction quickly. With automatic bank reconciliation, you can now change an account code or tax rate directly on the Reconciled page – no need to remove and start over. You can also view, add, or remove receipts and invoices on the same page.
If your edit changes the total amount, use the Remove and redo function to reconcile it again in one step. And the more you use it, the better it gets – JAX learns how you reconcile over time.
Yes, you can edit a reconciled transaction quickly. With automatic bank reconciliation, you can now change an account code or tax rate directly on the Reconciled page – no need to remove and start over. You can also view, add, or remove receipts and invoices on the same page.
If your edit changes the total amount, use the Remove and redo function to reconcile it again in one step. And the more you use it, the better it gets – JAX learns how you reconcile over time.
Yes. Xero’s cash coding lets you reconcile multiple statement lines at once in a spreadsheet-style format. You can view and sort up to 200 lines and code similar transactions together.
Cash coding is available on the Grow, Comprehensive, and Ultimate plans.
To access this feature, go to Bank accounts in Xero’s Accounting menu, choose the bank account you want to reconcile, then select the Cash coding tab.
Yes. Xero’s cash coding lets you reconcile multiple statement lines at once in a spreadsheet-style format. You can view and sort up to 200 lines and code similar transactions together.
Cash coding is available on the Grow, Comprehensive, and Ultimate plans.
To access this feature, go to Bank accounts in Xero’s Accounting menu, choose the bank account you want to reconcile, then select the Cash coding tab.
FAQs on Xero’s accounting software
Yes – you can connect your Xero account with HMRC to easily prepare and submit your returns so you never miss a deadline. HMRC recognises Xero’s software, which is also compliant with Making Tax Digital (MTD).
Yes – you can connect your Xero account with HMRC to easily prepare and submit your returns so you never miss a deadline. HMRC recognises Xero’s software, which is also compliant with Making Tax Digital (MTD).
Xero Payroll offers a range of reports for internal use and helps you meet HMRC requirements each month. You can give your employees self-service access so they can view payslips, request leave, and submit timesheets directly from Xero.
Xero Payroll offers a range of reports for internal use and helps you meet HMRC requirements each month. You can give your employees self-service access so they can view payslips, request leave, and submit timesheets directly from Xero.
The best accounting software depends on your needs and business vision. Xero’s accounting software has flexible plans so you can change your subscription to access the features you need as your business grows.
The best accounting software depends on your needs and business vision. Xero’s accounting software has flexible plans so you can change your subscription to access the features you need as your business grows.
No – Xero works in the cloud, so all you need is an internet connection. But you need a multi-factor authentication (MFA) app to log in to Xero. MFA adds an extra layer of security by checking that it’s really you when you log in.
No – Xero works in the cloud, so all you need is an internet connection. But you need a multi-factor authentication (MFA) app to log in to Xero. MFA adds an extra layer of security by checking that it’s really you when you log in.
Absolutely! The Xero App Store has hundreds of third-party apps to help you manage all aspects of your business, from HR and payroll to tax compliance. You can also find apps specifically designed for your industry.
Absolutely! The Xero App Store has hundreds of third-party apps to help you manage all aspects of your business, from HR and payroll to tax compliance. You can also find apps specifically designed for your industry.
Try reconciling with JAX for free
How about a month of Xero for free? Connect your bank to Xero and see how JAX can help you sail through your reconciliations admin.