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Track and Reconcile Transaction with Bank Statement in Xero

In this presentation, you will learn, Track and reconcile transaction with bank statement in Xero. follow the steps for Track and reconcile transaction,in case you need any assistance then dial Xero Customer Support Number 048879113. For more details visit our website at http://macpatchers.co.nz/xero-support-nz.html

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Track and Reconcile Transaction with Bank Statement in Xero

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  1. Track and Reconcile Transaction with bank Statement in Xero

  2. Want to trace a single transaction, invoice or bill you have recorded in Xero software and want to reconcile it with the bank statement line. This is done only when your Xero is unable to match automatically with your account or matched incorrectly your transactions with statement lines. It means your invoice amount, transaction or bill should match with the statement line’s amount you are reconciling.

  3. What you have to do is follow the below steps: • Go to the Reconcile tab, click on ‘Find & Match’ button available next to the bank statement line which you want to reconcile. • Look for the transaction and mark the check box available next to it. For finding the bank entry easily what you can do is, you can modify the order of the transaction by clicking on any column heading. You can also look for it by name, invoice number or the amount, cheque number or reference number. • Click on ‘Reconcile’ button.

  4. But if you are unable to integrate because your amounts don’t match then try the below options for matching the entry: • By entering a minor adjustment for making the difference between the Xero’s entry and a statement line. It will let you to match the both. • You can also try by entering a bank fee. If you imported a statement which has fee like cash handling then try to reconcile with bank fee.

  5. During bank reconciliation you can record an overpaid bill or invoice. You can also integrate a payment whose amount is quite more than the amount of bill or invoice which you have recorded in the Xero accounting. You will be then asked to assign the credit next time while approving a sales bill for that particular contact. • You can record or integrate a half payment on invoice, expense claim or bill while reconciling. By keeping in minds the above points, you can easily search and reconcile the statement line with the transactions in Xero.

  6. Contact Xero Support New team for more information about the other processes of accounting software by dialing 048879113 You can get in touch with the technical experts for any trouble you are facing with the accounting software and they will guide you through the process. You can talk to them by dialing Xero Customer Support Number048879113 and talk to the team directly. You can discuss all the concerns and issues related to your Xero account. You can also talk to us via live chat or email. Original Source

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