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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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Understanding Bank Reconciliation Journal Entries

Nanonets

Introduction to Bank Reconciliation Journal Entries Bank reconciliation is an important process in accounting that ensures the accuracy and integrity of a company's financial records. It involves the comparison between the company’s internal financial records and those of the bank.

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

Xero

If you have a Xero Premium plan and have added a foreign currency to your settings page, then you can jump in and give it a go. Check out our reporting playlist on YouTube , visit the tips and tricks panel in our most used reports, or reach out to the team at Xero Central if you need support.

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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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Four ways to get your banking data into Xero

Xero

One of your most important accounting jobs — bank reconciliation — relies heavily on getting accurate banking data into Xero. Yet entering bank transactions manually is often time-consuming and error-prone. Once your direct feed is connected, statement lines appear in Xero automatically, ready for you to reconcile.

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How to manage the Singapore GST rate change in Xero

Xero

Here’s what we’re doing to make it easy for you to manage this change in Xero. Update your default rate We’ll make the new 9% rate available in Xero by 5 December 2023. There are a number of areas where you can set default tax rates in Xero. If you have more than one Xero organisation, you’ll need to do this for each one.

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