If you have imported a bank statement incorrectly, and you don’t have the original statement file, Xero accounting software makes it easy to export these lines and import them to where they belong. This video tutorial shows you how to export an incorrectly imported bank statement and import it into the right account or organization.

Sometimes, a customer payment gets dishonoured – it might be a bounced cheque, or a reversed automatic payment. Luckily, this is easily manageable with Xero accounting software. This video tutorial shows you how to: – remove and unreconcile a dishonoured payment that has been matched against an invoice – process a dishonoured payment that has not been matched against an invoice – account for bank fees charged by the bank and reimbursed from a customer.

Sometimes, you’ll need to account for a prepayments either in sales or purchases in Xero accounting software. This video tutorial shows you how to: – enter the prepayment in Xero – reconcile it in your bank account – process a refund if necessary – apply the prepayment to a bill/invoice.

In Xero accounting software, a “”spend or receive money transaction”” is how you can create a payment or receipt which doesn’t relate to an existing invoice or bill, bank transfer, overpayment or prepayment of invoices. This is commonly used for things such as general expenses or donations that don’t have invoices/bills against them. This video tutorial shows you how to: – create and reconcile a spend or receive money transaction – account for payments before they show up in your bank statements – edit an existing spend or receive money transaction.

It’s easy to fix a cash coding error in Xero accounting software. This video tutorial shows you how to drill into the transaction, select ‘options’ and either un-reconcile, edit or remove and redo the reconciliation.

It’s easy to import and manage your business credit card activity in Xero accounting software. This video tutorial shows you how to setup your business credit card as a bank account.

This video tutorial will help Xero accounting software users understand the bank reconciliation summary. The video breaks down the information presented in the summary and gives tips how to identify why transactions are still outstanding.

If you’ve run a reconciliation report in Xero accounting software, the Xero statement balance should match your actual bank statement balance. If it doesn’t match, this video tutorial can show you how to find out what could be causing the issue. The three possible causes we look at here are: – incorrect opening balance as of a certain date – incorrect conversion balance for your Xero bank account – error in an earlier reconciliation and what to look for.

Bank feeds in Xero accounting software make managing your small business even easier. Of course, there may be times when you need to manually input information, such as before a bank feed has been set up. In your internet banking, you are given the option to export transaction history for your accounts. Depending on your bank, you may be able to export to CSV, OFX or a QIF file. This video tutorial shows you how to manually import a CSV bank statement, and the most common mistakes made in a CSV file that prevent a file from importing into the Xero accounting system.

When you transfer money between business bank accounts in Xero accounting software, you can easily record the transfer on the Reconcile screen as it appears in your bank feed. Alternatively, you can use the Manage Account button to record the transfer instantly, if you don’t want to wait for it to appear in your bank feed. This video tutorial shows you how to: – account for money transferring between your bank accounts in Xero before or after your bank statement import – edit or delete an incorrect transfer.

Learn how to set up a bank feed to help automate your transaction entry and bank reconciliation in Xero.