Bulk Reconciling and Cash Coding

Did you know you can bulk reconcile your bank transactions by using the cash coding function?

To access the cash coding select the cash coding tab from the bank reconciliation screen. If you don’t see this option, give us a quick call to update your user settings.

Cash Coding Tips

• Sort statement lines by a specific column to group similar transaction lines together. Do this first to avoid losing any changes.
• To ensure you don’t reconcile a statement line that already has a transaction in Xero, select the Show lines with suggested matches A green tick shows at the end of the statement line if there’s a suggested match.
• Reconcile up to 100 statement lines at a time.
• If you’ve already entered a payee as a contact, start typing the contact’s name in the Payee field, then select them from your contact list. This avoids creating a duplicate contact if the payee on the statement line is different from the contact name in Xero.
• Hover over the note icon to view a comment added to the statement line.
• Create bank rules for regular transactions while cash coding, so you don’t have to code them again next time.

If you would like to learn more, call our office on 03 5833 3000.