Bank rules makes your bank reconciliation easier, quicker and more accurate but how do they work in Xero?
If you do have issues with the bank balances not agreeing, this is usually due to the bank feed not being refreshed correctly, or duplicate items being entered into Xero.
If you have regular bank transactions such as parking, bank fees, loan payments and wages, which are not invoiced, you can set up bank rules within Xero to speed up time spent on reconciliation.
Receipt Bank have confirmed that they have rebranded to become Dext!
Wages are one of the highest business expenses and if you wish to have accurate figures in your profit and loss of these expenses the correct way to post these is through a wages journal.