Chapter 8
Reconciling Your Bank Accounts
IN THIS CHAPTER
Getting ready to reconcile
Ticking off your correctly matched transactions
Looking at transactions that don’t seem to match
Making use of the Cash Coding spreadsheet
Going through your imported bank statements and locating transactions
Accessing Spend Money and Receive Money functions
Knowing how to correct your mistakes
Reconciling your accounts involves matching cash movements from your bank statement with transactions recorded through Xero. Reconciling on a regular basis is an essential part of ensuring the accounting records portray an accurate reflection of your business finances — you don’t want to waste time entering reams of incorrect data and producing gobbledegook. Instead, you want to produce accurate information such ...
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