While Xero has fantastic functionality like bank feeds - which import in your bank statement lines each day, technology isn’t perfect
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. If you want someone keeping your reconciliation current so you never have to worry about it, take a look at our bookkeeping services
