Xero Resources

Xero Balance Different From Bank Statement

If you’ve run a reconciliation report in Xero accounting software, the Xero statement balance should match your actual bank statement balance. If it doesn’t match, this video tutorial can show you how to find out what could be causing the issue. The three possible causes we look at here are: – incorrect opening balance as of a certain date – incorrect conversion balance for your Xero bank account – error in an earlier reconciliation and what to look for.