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  1. Bank Reconciliation - Reconcile against Statement

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    16 comments  ·  For small businesses » Accounting features  ·  Admin →
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    working on it  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi everyone, we've begun rolling out a new feature that enables you to reconcile a period in Xero which'll be available to users with the Standard or Advisor roles. This'll appear as a new tab within a bank account (next to Account Transactions). From here, you can capture the period dates and balances from your statement, and Xero will automatically show and select all transactions within the period. Once the period is reconciled, you'll be able to close it to prevent transactions being deleted or unreconciled within that period. You'll find details of how to access and use reconcile a period on Xero Central.

    As a start we'll be making this feature available to all US and CA organizations, so I'll be back to confirm once fully live in these regions. 🙂

    Debbie Tissié supported this idea  · 
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    Debbie Tissié commented  · 

    When doing a bank reconciliation, I have found it of far more use to be able to enter the balance at bank and have a definite unreconciled balance as opposed to the Xero assumed bank balance. Then to have the option to tick off the entered items for comparative purposes. This is especially useful when clients do their own bookkeeping and the bank doesn't balance and I have to find out why. Quickbooks bank reconciliation facility is very good - something like that would be far more user friendly.