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Xero For Dummies by Rod Drury, Heather Smith

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Chapter 8

Reconciling Your Bank Accounts

In This Chapter

arrow Getting ready to reconcile

arrow Ticking off your correctly matched transactions

arrow Helping transactions that don’t seem to match

arrow Making use of the Cash Coding spreadsheet

arrow Going through your imported bank statements

arrow Locating any transaction recorded through Xero

arrow Accessing Spend Money and Receive Money

arrow Knowing how to correct your mistakes

Reconciling your accounts involves matching cash movements from your bank statement with transactions recorded through Xero. Reconciling on a regular basis is an essential part of ensuring the accounting records portray an accurate reflection of your business finances — you don’t want to waste time entering ...

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