Let automated reconciliation software do the matching
Tired of ticking off bank transactions line by line? JAX reconciles them for you when it's highly confident. You review the rest, and your books stay up to date.
Bank reconciliation software that works alongside you
Hand the routine matching to JAX and put your time back into running your business.
Focus on what really needs your attention
JAX takes care of high-confidence matches automatically, so you can spend your time on the transactions that need you.
Stay on top of your cash flow
Just Ask Xero (JAX) reconciles high-confidence statement lines as they come in. Your view of cash flow stays current.
Smart automation, with you in control
JAX automates high-confidence matches, and you can check or change any of them.
Let JAX match transactions in 4 ways
Spend less time checking bank lines. JAX reconciles new transactions when it's highly confident. Otherwise, it suggests a match and learns from your corrections. 89% of customers say they save time using Xero.* *Source: Xero survey of 271 small businesses in the US, May–June 2024.
- Put your bank rules to work with Rule
- Pair transactions with existing Xero records using Match
- Reconcile similar transactions the way you did before, thanks to Memory
- Tap into how other Xero users reconciled similar transactions with Prediction
Stay in charge of every match
When you want the final say, Xero keeps it with you. Pick which bank accounts JAX works on and check the reasoning behind each match. Need to fix a match? Edit the account code or use remove and redo, and JAX learns from your correction.
- Switch automatic reconciliation on or off for each bank account
- Choose the accounts that suit automation best. With subscriber or admin access, you switch it on, and JAX reviews lines imported from then.
- See why JAX made each match
- Every reconciled transaction carries a label: Rule, Match, Memory, Prediction or Manual. Hover over it to view the reasoning.
- Attach receipts and files to reconciled transactions
- Keep the paperwork with the payment by attaching, viewing and removing files right on each reconciled transaction.
Quickly reconcile repeat transactions in bulk
Clear a stack of cash transactions in one go! Use cash coding to code similar transactions together, and set up bank rules so repeat transactions are handled the same way each time. That means less admin each month.
- Code a batch of cash transactions at once with cash coding
- Accept suggested matches for recurring invoices and bills, based on your history
- Set up bank rules that handle repeat transactions and help JAX automate reconciliation
Keep tabs on where your bank balance stands
Make decisions from numbers you can trust. Your dashboard puts your statement balance next to the balance in Xero, so you can spot a gap and sort it out early. That keeps your accounting records and cash flow up to date.
- Check each bank account from your dashboard
- A panel for each account shows the statement balance, the balance in Xero and how many statement lines are left to reconcile.
- Find transactions that affect your balance
- Run the Bank Reconciliation Summary report to check for missing, deleted or duplicated transactions when balances don't match.
FAQs on Xero's automated reconciliation software
Automated reconciliation software matches your bank transactions to your accounting records, so you check fewer entries by hand. In Xero, JAX reconciles transactions when it's highly confident and suggests matches for the rest. Learn the basics of bank reconciliation.
Automated reconciliation software matches your bank transactions to your accounting records, so you check fewer entries by hand. In Xero, JAX reconciles transactions when it's highly confident and suggests matches for the rest. Learn the basics of bank reconciliation.
Once it's turned on for a bank account, JAX reviews new statement lines using four methods:
• Rule: when a bank rule applies
• Match: when the transaction matches an existing Xero record
• Memory: based on how you've reconciled similar transactions
• Prediction: based on how other Xero users reconciled similar transactions
JAX reconciles a line only when it's highly confident.
Once it's turned on for a bank account, JAX reviews new statement lines using four methods:
• Rule: when a bank rule applies
• Match: when the transaction matches an existing Xero record
• Memory: based on how you've reconciled similar transactions
• Prediction: based on how other Xero users reconciled similar transactions
JAX reconciles a line only when it's highly confident.
You’ll find automatic bank reconciliation on the Growing plan and above. A subscriber or admin can turn it on or off for each bank account. Compare Xero's pricing plans to find the right fit.
You’ll find automatic bank reconciliation on the Growing plan and above. A subscriber or admin can turn it on or off for each bank account. Compare Xero's pricing plans to find the right fit.
You can still import your transaction data into Xero manually and reconcile it as usual. To keep receipts and files with those records, use Smart Document Capture.
You can still import your transaction data into Xero manually and reconcile it as usual. To keep receipts and files with those records, use Smart Document Capture.
Reconcile regularly to keep your records accurate and make tax time easier. With JAX reconciling high-confidence transactions as they import, staying current takes less effort. The IRS explains which business records to keep.
Reconcile regularly to keep your records accurate and make tax time easier. With JAX reconciling high-confidence transactions as they import, staying current takes less effort. The IRS explains which business records to keep.
Yes. Xero is cloud-based, and multi-factor authentication (MFA) adds an extra layer of security when you log in. Find out more about data protection at Xero.
Yes. Xero is cloud-based, and multi-factor authentication (MFA) adds an extra layer of security when you log in. Find out more about data protection at Xero.
What Xero customers say about automatic bank reconciliation
G2
Connery J
G2
Katherine
G2
Verified user
See how automatic bank reconciliation works in Xero
Pay your bills at no extra cost
Free standard ACH bill payments are now included in Xero business plans.*
Early
for the first 6 months
Then $27 per month
An easy financial foundation - track cash flow with the essentials.
- Send quotes and 20 invoices†
- Accept online invoice payments^
- 5 bills
- Reconcile bank transactions
- Smart Document Capture
- View real-time reports
- W-9 + 1099 management
- Sales tax
- Visualize performance with basic graphs
- 30 day cash flow forecast
- Make online bill payments (Domestic - Free ACH)
- Make online bill payments (Cross Border)
Growing
for the first 6 months
Then $59 per month
Go beyond the basics - automate tasks and access performance dashboards.
- Send invoices and quotes
- Accept online invoice payments^
- Automate bill entry and track bills
- Reconcile bank transactions
- Smart Document Capture
- View real-time reports
- W-9 + 1099 management
- Sales tax
- Visualize performance with graphs
- 60 day cash flow forecast
- Make online bill payments (Domestic - Free ACH)
- Make online bill payments (Cross Border)
- Customize performance dashboards
- Tailored financial health scorecards
- Budget with smart suggestions
- Auto-reconcile transactions
Forecast with clarity
Forecast with clarity
Established
for the first 6 months
Then $97 per month
Future proof your scaling business - with advanced tools and analytics.
- Send invoices and quotes
- Accept online invoice payments^
- Automate bill entry and track bills
- Reconcile bank transactions
- Smart Document Capture
- View real-time reports
- W-9 + 1099 management
- Sales tax
- Visualize performance with graphs
- 180 day cash flow forecast
- Make online bill payments (Domestic - Free ACH)
- Make online bill payments (Cross Border)
- Customize performance dashboards
- Tailored financial health scorecards
- Analyze KPIs and ratios
- Use multiple currencies
- Track time and costs for projects
- Employee expense and mileage claims
- Benchmark against the industry
- Make online bill payments (International)
- Budget with smart suggestions
- Auto-reconcile transactions
Try reconciling with JAX
Connect your US bank to Xero and see how JAX can help you sail through your bank reconciliation.
‡Based on published list prices for software subscription only. Excludes payroll and add-ons.
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*Fees apply for other payment methods.