In this video, Katie Collin, one of our partners at Ramsay Brown, offers quick advice on effectively reconciling a bank account on Xero. She explains the importance of maintaining a correct bank balance, demonstrates how to run a basic bank reconciliation, and highlights the significance of the reconciliation report. By following these tips, you can identify and correct any incorrect transactions, ensure that your bank statement matches your Xero balance, and maintain accurate financial records.
To watch our short video on Cleaning Up your Xero accounting software – click here
To watch our short video on Xero Reporting and Budgeting – click here
Watch our video on an Important Update Concerning Preparing Accounts in 2023/24