Use Bank Rules
Streamline your reconciliations with Xero’s bank rules! By setting up rules based on your transaction habits, you can automate how regular transactions are categorised—saving time and reducing errors. Creating a new rule is simple. Just set conditions using details like transaction descriptions, amounts, or payees. For example, you can create a rule to automatically allocate transactions labeled “bank fees” to the “Bank Charges” account. During reconciliation, Xero suggests matches based on your rules, so all you have to do is review and approve. With Xero bank rules, you’ll minimise manual effort, boost accuracy, and make managing your finances a breeze!
Watch this video, here we learn how to set your contacts up:
