Reconcile your bank account in Xero like a pro. This Xero tutorial for beginners will show you everything you need to start reconciling with confidence. Learn how to handle common types of transactions, such as partial payments, overpayments, prepayments, and adjustments. Create new transactions, match existing transactions, handle bank transfers, apply banking rules, and use cash coding for even faster reconciliation.

Contents:

00:00 Introduction
00:39 Xero's demo company
01:26 What is bank rec?
01:53 How bank rec works in Xero
02:30 Reconcile an invoice
03:21 Reconcile multiple accounts
04:32 Partial payment
05:53 Reconcile a bank transaction
06:22 Prepayment
07:30 Automatic suggestion
08:08 Apply a banking rule
08:40 Create a new transaction
09:54 Small adjustment
11:20 Bank transfer
12:42 Money encryption
16:52 Off

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