Reconcile bank transactions quickly

Keep your financials up to date. Categorize and reconcile bank account transactions each day using suggested matches.

Xero shows a suggested match for a bank transaction on a mobile phone to make bank reconciliation easy.

Reconcile each day

Stay current with daily bank reconciliation.

Use suggested matches

Check and accept automated account reconciliations.

Bulk reconcile transactions

Code transactions in bulk – except on Early plans.

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Reconcile each day

Set up bank feeds and reconcile bank transactions daily so the accounts stay up to date.

  • Included
    Reconcile accounts using the Xero app on your phone
  • Included
    If your bank doesn’t connect to Xero, manually import bank statements instead
A business person uses Xero software to reconcile transactions and complete the day’s bank reconciliation.

Use suggested matches

Xero suggests matches for transactions, categorizes them, and applies rules, making account reconciliation easy.

  • Included
    Match bank transactions to invoice or bill payments
  • Included
    Create a new transaction in Xero as you reconcile if there isn’t one already
  • Included
    Reconcile transactions by accepting the suggested match and category
Xero suggests a match between an item on a bank statement item and a recent  invoice payment on the bank reconciliation screen.

Bulk reconcile transactions

When there are a lot of unreconciled transactions to code, you can reconcile them in one go if you're on the Growing or Established plan.

  • Included
    Sort and group bank transactions, then code and reconcile them in bulk
  • Included
    Receive alerts for suggested matches to invoices or bills
  • Included
    Apply a bank rule to a group of transactions
Three items are ticked ready for the user to select the ‘Reconcile all’ button during bulk bank reconciliation.

More about bank reconciliation

View your bank balances, unpaid invoices, monthly profit and more when your bank account reconciliation is up to date. See reconciled transactions and receive alerts about unreconciled transactions on the Xero dashboard.

See how to view and customize the Xero dashboard

When you reconcile, Xero alerts you if your actual bank balance and the balance of the bank account 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 transactions.

See how to run a bank reconciliation summary report

Start using Xero for free

Access all Xero features for 30 days, then decide which plan best suits your business.

  • Included
    Safe and secure
  • Included
    Cancel any time
  • Included
    24/7 online support

It’s something I’m going to be able to teach my future employees

Xero gives John a better idea of his cash flow at Horsetooth Hotsauce

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