How to Reconcile Accounts Using Xero Bank Feeds

Рет қаралды 9,138

Күн бұрын

This video walks you through the steps of setting up bank feeds in Xero and using that information to reconcile your bank and credit cards to keep your bookkeeping clean forevermore.
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🕰️Timestamps:
0:00 Introduction
0:27 Set Up Your Bank Feeds
1:41 Reconcile
3:37 BONUS
5:40 Monthly Double-Check
8:26 Protect Your Work
💡✔️Helpful Resources
For more information on reconciling using Xero, check out these videos: • Bank Reconciliation in... and • Xero Reconciling bank ...
• How to Reconcile Accou...
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Пікірлер: 11

@AcuityEcommerce 6 жыл бұрын

Thanks for watching! Do you use Xero? Do you have any questions I might be able to help with?

@Somatopia 4 жыл бұрын

Xero lists a number of banks as official "banking partners" here: www.xero.com/us/partner-programs/banking-partners/ Is there any benefit to using a bank that is an official "banking partner" of Xero -- or do most banks interface just fine enough (even if they are not *official* banking partners with Xero)? [I'm trying to decide whether to choose one of the official banking partners or not.]

@declaringhiswordvideos2840 4 жыл бұрын

I do, Xero and A2X! So grateful for your wise guidance, they are the perfect fit. Thank you!

@khawajadanishaltaf1847 2 жыл бұрын

You are hitting the nails!! Thank You so much for sharing!! Liked & Subscribed.

@AcuityEcommerce 2 жыл бұрын

Thanks for subbing!

@tagliollc3081 6 жыл бұрын

Again great information, thanks Patti!

@AcuityEcommerce 6 жыл бұрын

Glad you liked it!

@D1Poet 6 жыл бұрын

I'm a new amazon seller who will be launching my first product in the next few weeks. When is the best time to jump into xero and a2x. Keeping in mind starting out keeping launch costs as low as possible is always a priority. What would you suggest is a good time to jump in?

@AcuityEcommerce 6 жыл бұрын

Sorry... I missed this somehow. I think this is one of those gut check things. I would say you should start as soon as is reasonable. If you don't have any sales, umm... keep your accounting on spreadsheets. :) If you make $100/mo, don't spend it all on accounting tools. But don't wait until it's an out-of-control mess either. Pure judgement call.

@jonbartlett6991 4 жыл бұрын

Hi Patty, I am trying to reconcile PayPal entries in Xero with no luck. They come in on the bank feeds and highlight green and I press ok but on my PayPal log it says there are 107 unreconciled entries. How do I reconcile these please. They have an amount coming in and then duplicated going out. Many thanks in advance.

@AcuityEcommerce 4 жыл бұрын

You probably don't have funds in your PayPal account, so PayPal is pulling money from your bank account or credit card account to fund it and then sending money out from there. If this is the case, the money coming in would be a transfer from whichever account PayPal has on file, and the money out would be to whomever you're paying. There are other possible scenarios, but I don't know without looking at it. If you're still confused, I recommend you reach out to your accountant.