Settings and activity
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80 votes
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. 🙂
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Michelle Taylor
supported this idea
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In quickbooks there is a reconciling option where you add your starting date, end date and bank balance (which I know Xero has this report), however in quickbooks you can then tick the transactions that apply and anything that hasn't cleared appears unticked (as shown below). Once reconciled if you change the transaction it tells you that it will affect your bank reconciliation. 1) it would be good to have this ticking option as it is easy to see what items are missing from your bank statement) and 2) prompting that any changes to the month will affect your balance is handy.