A bank reconciliation is the process of coding the transactions on a bank statement to the accounting system to create a Profit & Loss

Bank Reconciliations


Bank Feeds

  • Bank accounts
  • Credit cards
  • PayPal
  • Stripe

Foreign Currency

  • All major currencies
  • Bills stored in original foreign currency, reconciled in AUD

Debits (expenses)

  • Match debits to source documents submitted to Receipt Bank & published to Xero
  • 100% source document policy
  • Weekly chase of missing source documents

Credits (revenue)

  • Match credits to sales invoice or sales source
  • Weekly chase of unknown credits