Xero Bank Rec – Beginner Tutorial

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

Contents:

00:00 Intro
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 bills
04:32 Part payment
05:53 Reconcile a bank transaction
06:22 Prepayment
07:30 Auto suggestion
08:08 Apply a bank rule
08:40 Create a new transaction
09:54 Minor adjustment
11:20 Bank transfer
12:42 Cash coding
16:52 Outro

[datacoherence]

last worked on Xero beginning of 2019 - at basic level. I may soon be getting a job that involves working with Xero - so I'm frantically refreshing and playing catch-up. Your channel is gold for nitty gritty work, unlike the fluffy overviews of other channels. Learnt a lot now. Will be watching all your vids. I know it takes time and money to make these types of vids and I thank you for your generosity and excellent presentation.

[ShumisaFarwa]

Your videos are amazing! I've been on YouTube for a while and watched a lot of stuff, but I've never commented before. Your way of explaining things is really good and easy to follow.
I'm going to watch all your videos and I've subscribed too.
Thanks!

[MrSamlavin]

Great job!.. I like the way you teach in a slow mode, so easy for us to follow. Thannk you. God Bless.. Merci Lavina

[gabrielsluiz]

thank you so much for this content. straight and easy

[davemccanndc]

Brand new to Xero...very helpful thanks!

[Iuliana-pihi]

Thank you very much for these videos Jon, clearly explained and easy to understand.

[mariaasjad]

I appreciate you support to the community.

[dyslexiaunpuzzled]

Thank you SO much. Really useful and easy to understand. 😊

[nwelll]

Thank you so much for the clear explanation

[yeahitskelly]

great bank recon video! I learned so much in just minutes. Thank you so much! subscribed for more!!

[DarAhmed-jomo]

thanks for explaination nice and clear to understand.

[yhongngoc]

Thank you so much, you help me a lot with my assessment

[FadlullahIbrahim]

Hi Jon... your videos are really helpful. Just want to ask that what if you don't attach invoices to some inflows and just post the who, what and why instead of attaching or creating an invoice for those inflows

[trinhhoang]

It's very helpful to me, thank you very much

[simonmoloney]

Is it possible to create a permanent split, say 50:50 between two GL codes within a single ledger code? eg. Entertainment 50% business and 50% drawings

[kaushiklimbachiya]

Hello
Thank you so much for this quality content..❤
Can you please make video on reconciliation for trasaction which coded without invoice recepits previously and then leter the invoice receipts recvd
?

[AngelMontes-rv]

hello, thank you for the video, can you reconcile with the early plan or you need the growing plan?

[dianalynbontogon]

Hi, I have a question, why is my statement balance and balance in xero is both negative? Btw, I'm a newbie. Thank you.

[ivycortez]

whats the easiest way to identify what account code should use on every transaction?

[nandamayi]

how do I create a new code for reconciling? For instance 200 - sales - I need to make a new code for rubbish disposal. Thanks