In this tutorial we will show you how to reconcile your bank transactions in Xero that show up in green
In the Xero dashboard please select the bank account that you want to reconcile.
Displayed on the left hand side are all your bank account details imported automatically from your bank feeds.
The information on the Right Hand Side come from Maxtel (OnTarget/Ebos Cash Sheet information)
Xero will attempt to match most of your bank transactions automatically by amount and past actions.
Those with the same amounts are highlighted in green.
Generally if it is in green you are able to click OK
Best practice would be to also use a bag or reference numbers when matching transactions.
Other possible matches!
If there is a message warning you about other possible matches for the same amount
Please do not press ok until you have confirmed that you have the best match.
To do that:
- Please click on the message to display the possible matches
- Check for a matching reference or bag number
- If none then check the dates, make sure your match is a realistic date, as in, the money must have been received first before it can show up on the left as deposited in the bank
- Press OK to reconcile once you have selected the best possible match
Great that’s all the green bank statement lines reconciled.
Next we reconcile the transactions not in green.