Bank reconciliation is a vital financial task – but one that eats into your business time.
Matching your financial transactions to the relevant lines on your bank statement can be a tedious and time-consuming task. So wouldn’t it be great if you could automate that whole bank reconciliation (bank rec) process? If you’re using Xero, you can!
Automatically match each transaction
The Xero Direct Bank Feed gives you a full view of your whole bank statement, and every transaction in and out of the account. Xero then searches your outstanding invoices and bills and instantly matches them to the bank statement line (so all you do is review and click ‘OK’)
With Xero doing your matching, you get:
- Automated bank reconciliation – with Xero’s automation features matching every item
- More accurate matching – a more precise level of matching, with no human error, and
- Less time spent on admin – a real-time view of your bank and Xero balances
Watch this video to find out more about automatic bank recs with Xero
Talk to us about the benefits of automated bank recs
If you’re looking to save time and get your bank transactions matched efficiently, we can help. We’ll show you how easy the bank rec process is in Xero and how to set it all up.
Every month we’ll do a quality check for you and let you know about any errors or mistakes.
Get in touch to get the most from Xero bank recs.