Speed up your bank reconciliation – setting up Bank Rules in Xero
Sometimes there are regular bank transactions on your statements that you can let bank rules take care of for you, for example, Bank Charges or a regular HP repayment.
The easiest way to set these up is from within the bank reconciliation screen:
1. Click Create rule on the statement line you want to create a bank rule for:
2. In the Create Rule screen enter the conditions to build the rule.
For more details please follow the help guide:
https://help.xero.com/uk/BankAccounts_Details_BankRules
Bank Rules – how they work
- With bank rules you define the conditions for each rule to match with your imported statement lines
- After you import a bank statement and go to reconcile your account, your rules automatically run
- For each bank statement line that matches a rule, Xero suggests a transaction using the conditions you've set
- If the transaction that Xero suggests based on the rule is not quite right, you can edit it, create a new one, or find a transaction you've already entered into Xero to match with your statement line
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