Automated Monthly Bank Reconciliation in Xero
Set up rules, matching logic, and anomaly checks in Xero to streamline monthly bank reconciliations.
Who is this for?
This guide is for Accountants and Bookkeepers who want to optimize Xero's automation features to handle high-volume transactions and streamline month-end bank reconciliation.
Step-by-Step Guide
Common Pitfalls & Troubleshooting
- Rules not applying: Check rule priority order. Rules at the top run first. Also check if the "Condition" is too specific (e.g. "Equals" instead of "Contains").
- Duplicate transactions: If you see duplicates, check if a transaction was manually created and imported via bank feed. Use "Find & Match" to link them.
- Bank feed stopped: Feeds may expire every 90 days. Go to Bank Accounts and click "Renew Feed".
Why Users Choose Xero
Xero's bank rules and automated matching can reduce monthly reconciliation time from 6+ hours to under 2 hours. The system accurately categorizes recurring transactions automatically, allowing you to focus your attention only on unusual or one-off transactions that genuinely need manual review, rather than processing every line item individually.
Get started with Trinity
Trinity is a conversational expert who works alongside you, following your screen and guiding you through each step. It's like having someone who really knows Xero sitting right next to you.
What happens when you click "Start with Trinity"
- 1Connect your microphoneGive permission for Trinity to access your microphone so you can ask questions and get Trinity's help as you go.
- 2Share your screenShare the screen you are working on so Trinity can see what you're doing and provide guidance.