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A new partnership with BMO to streamline bank reconciliation

Xero

The ability to connect your bank account to Xero is one of our most loved features and a core part of our vision to automate routine tasks. It’s designed to help your bank transactions flow securely into Xero, so you can save time on bank reconciliation and have better visibility of your cash flow.

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Bank reconciliation definition

Accounting Tools

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash What is a Bank Reconciliation? A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.

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Bank reconciliation statement definition

Accounting Tools

Related Courses Bank Reconciliation Essentials Bookkeeping Guidebook How to Audit Cash What is a Bank Reconciliation Statement? A bank reconciliation statement is a form used to compare internal records of checking account activity to those stated by the bank.

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The New and Improved Xero Bank Reconciliation Report

Insightful Accountant

Murph is here to tell you all about a new version of Xero's Bank Reconciliation Report packed with loads of extra features.

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Our new AI-powered contact predictions have arrived

Xero

We recently announced at Xerocon Sydney that our team was busy enhancing the AI algorithms that power bank reconciliation in Xero, so it would recognise new contacts in your statement lines (even when they’re not in your contact list). Here’s how it works and how to recognise it when it appears in your bank reconciliation.

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Benefits of Using Microsoft Dynamics GP Electronic Bank Reconciliation

dynavistics

Microsoft Dynamics GP Electronic Banking feature will increase your ROI. There is a better way to reconcile your bank statements with the Dynamics GP software you already own. n short, the EBR module automatically reconciles cleared transactions between the checkbook or cash sub-ledger and the bank statement.

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A sneak peek into what’s next for reports in Xero

Xero

Balance Sheet, Profit and Loss (Income Statement) and Budget Variance reports: We’ve added the ability to translate these reports into any currency enabled in your organisation, for a quick view of your financials in the currency of your choice Receivable and Payable Invoice Summary and Detail reports, and drilldowns from Income by Contact and Expenses (..)

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