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Introducing Xero Simple, a plan to support you with Making Tax Digital for Income Tax

Xero

Speak to us if youd like more information or to discuss MTD for your firm. We’re here to support you Youre not alone on the MTD for IT journey, were here to support you and your team with migration and onboarding, as well as getting your clients upskilled with simple, easy training.

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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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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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Work from anywhere with these new updates to our Xero apps

Xero

With our suite of mobile apps, you have real-time information about your business or practice at your fingertips, and can tick off those smaller tasks on the go. It means you spend less time chasing staff for information, and have the information you need to reimburse expenses and do accurate pay runs.

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Close your books with confidence: Introducing reconcile period in Xero

Xero

Coming off the year of the US bank feed , Im excited to share that we’re releasing the eagerly anticipated reconcile period feature in bank reconciliation. This new workflow doesn’t change Xero’s real-time bank rec workflow; it’s an optional addition that can help ensure your accounting is correct.

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Making it easy to import transaction data into Xero

Xero

One of our most loved features — bank reconciliation — is a core part of our vision to automate routine tasks, so you can focus on what matters most. Many of our customers enjoy bank feeds, which automatically imports data into Xero so you can complete your bank reconciliation.

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Product wrap from Xerocon Sydney 2023

Xero

In the coming months, we’ll also be enhancing the way we use AI in bank reconciliation, to populate new contacts that aren’t already in your clients’ contact lists. This will reduce manual data entry and means that for clients new to Xero, bank reconciliation is made easier on day one.

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