Using bank statements to confirm Xero balances

While Xero has fantastic functionality like bank feeds – which import in your bank statement lines each day, technology isn’t perfect

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Sometimes the bank feeds glitch – creating double ups, missing transactions, or even stopping entirely

To ensure that your accounts are 100% accurate, it’s important to confirm each month that the balance that Xero reflects is your real bank balance according to your bank

One way to do this, is to check a physical bank statement

Something that provides the exact bank balance at a specific date. This helps to confirm quickly whether everything matches up, or whether there might be a little work to bring things back in balance

Doing this regularly makes it easy to hop on issues quickly, and ensures that your accounts are as accurate as possible