We love using bank rules in Xero and we hope that you do too. Our founder, Cindy Hovig, has been featured in Insightful Accountant’s latest Xero in on Xero Series. Her contribution is entitled Bank Rules Tips & Tricks. This is a great article to learn more tips on using Xero’s bank rules. If you are new to using bank rules or are having trouble with existing bank rules, this article is for you!
The latest article written by Cindy can be found here. Here is a short excerpt from that article below:
“I can remember very clearly the first time I saw Xero demonstrated more than six years ago. I went to an introductory class on Xero and within the first hour I knew that Xero was the cloud accounting solution that I had been looking for. One of the features that I fell in love with that day (and still love) was bank rules.
With Xero you connect bank feeds for your bank and credit card accounts. Bank rules can add an extra level of efficiency to these bank feeds. How so? Bank rules search for specific conditions within your bank feed lines and suggest new transactions to create in your account, without any manual entry. All you need to do is click on OK to create and reconcile.”
Hopefully, the rest of the article will give you some additional bank rules tips and tricks to implement in your own business. The ongoing series Xero in on Xero by Insightful Accountant includes more articles on using Xero, so be sure to check them out!