Continuing Bank Reconciliation

1. Itemise a Transaction
Break down a single bank transaction into multiple line items (e.g., split a payment into fees, taxes, and net amount).

2. Reconcile a Transfer Transaction
Match transfers between your linked bank accounts in Xero to ensure balances sync accurately

Itemise a transaction

Assign amounts in a bank statement line to different accounts to record them individually in the general ledger. You can also apply different tax rates to individual items to calculate taxes separately.

Click the arrows below to learn more.

Reconcile a transfer transaction

When reconciling a transfer transaction in Xero, match the withdrawal from one bank account to the corresponding deposit in another by selecting both and using the Transfer option, ensuring the amounts align perfectly to maintain accurate and balanced records between your accounts. When reconciling a transfer transaction in Xero, match the withdrawal from one bank account to the corresponding deposit in another by selecting both and using the Transfer option, ensuring the amounts align perfectly to maintain accurate and balanced records between your accounts.