In order to ensure you have up to date lists of receivables and payables, and up to date financial reporting, we’ll login to your Xero accounting system regularly and reconcile the bank transactions so you can rely on the accuracy of the information.
We will ensure that your business bank feeds are set up and look to you to activate them in Xero using your online banking details. This ensures that Xero accounting software has all the latest bank transaction which will be used to be reconciled against.
This only gives a view of the bank transactions and not ability to make payments which must be done on your actual bank login.
We will inform you if the bank feed is not active and request you to login to Xero and activate it.
If there are items that we are not able to reconcile we will query these with you and request invoices for and expenses paid out or if money coming in we will ask for clarity of what it is for.
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