While Xero has incredibly useful functionality like bank feeds, which import in your bank statement lines each day ... Technology isn't perfect.

 

Sometimes there can be a glitch with the bank feeds that cause some issues. These include double ups, missing transactions, or they could even stop entirely

 

To ensure that your accounts are 100% accurate, it's important to confirm each month that the balance that Xero reflects is your real bank balance according to your bank. 

 

One way to do this, is to check the balance against a physical bank statement.

 

Your bank statement provides the exact bank balance at a specific date. This helps to confirm quickly whether everything matches up, or whether there might be a little work to bring things back in balance.

 

Doing this regularly makes it easy to find and fix any issues quickly, and it ensures that your accounts are as accurate as possible