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Xero For Dummies, 3rd Edition by Rod Drury, Heather Smith

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Chapter 8

Reconciling Your Bank Accounts

IN THIS CHAPTER

check Getting ready to reconcile

check Ticking off your correctly matched transactions

check Looking at transactions that don’t seem to match

check Making use of the Cash Coding spreadsheet

check Going through your imported bank statements and locating transactions

check Accessing Spend Money and Receive Money functions

check 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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