How to Reconcile Your Xero Bank Account Transactions
In this video, I'll walk you through the steps of reconciling your bank account transactions in Xero, a popular cloud accounting software used by businesses of all sizes. I cover everything from how to import your bank transactions into Xero, to matching them up with the corresponding items in your accounting records, and finally, reconciling your accounts to ensure everything is balanced.
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Do you use Xero for your business?
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📖 Chapters
0:00 Intro
0:29 Reconciling Transactions in Xero
6:45 Checking the Bank Reconciliation Report
7:50 Importing Missing Transactions
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Ethan 'Rooshock' (Rucioch) is an Australian business owner in his late 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling, spending time with his family and watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even Ethan analysing some popular TV show businesses from an accountant’s perspective.
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Disclaimer
Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this KZread channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these.
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#xero #accountingsoftware #xerobankfeeds
Пікірлер: 11
If you're considering using Xero for your business and looking for help, I would love to chat! Simply get in touch with me via any of the contact details in the video description.
Here he is! Thanks Ethan, I've been hanging out for this one. Very helpful!
@EthanRooshock
Жыл бұрын
No worries, hope it was what you were after!
I use a basic Excel spreadsheet as I have just started out. I am only very part time at the moment, feeling my way along to see how I will go. I have no knowledge of formulas! But I do love the auto sum on the spreadsheet and regularly use it to keep track of the numbers. Maybe in the next financial year, I will look at something more comprehensive but at the moment while I am learning all the reseller ropes, Excel is best for me. 🙂
@EthanRooshock
11 ай бұрын
Yeah Excel can be great!
G'Day Mate thank you for Florida recently signed up with XERO a Kiwi Product I believe very similar to QBO missus the continual HIGH Price Hikes- Awesome job on the presentation I look forward to reviewing your other vids Cheers Tommy
@EthanRooshock
6 ай бұрын
Thanks!
Great Vid 🔥
@EthanRooshock
Жыл бұрын
Thanks!
This is good, but i have 1500 transactions to catch up on! How to do in bulk? I made rules and they dont work well at all..
@EthanRooshock
8 ай бұрын
There is something called Cash Coding in Xero. Speak to your tax agent about this. Rules can work but depends on the quality of the bank statement and how recurring things are.