Focus on what’s outstanding
With Xero, it's quick and easy to do daily bank reconciliations to keep your accounts accurate and up–to–date. Your bank statements can be automatically imported daily by Xero and then matched to transactions you have entered.
-
- Automatically import your bank statements daily
- It’s easy to reconcile your bank statements with your invoices and cashbook
- You can see interactive graphs and charts, which provide at-a-glance visibility of your cashflow
- Xero automates the mundane
-
Banking within Xero automates those repetitive mundane processes, enabling you to focus on dealing with the exceptions.
- Automated matching
-
Any transactions that have been downloaded from your bank will be automatically matched to transactions entered into Xero.
- Automatically import bank statements
-
Bank statements can be automatically imported into Xero daily, so you don’t waste time exporting and importing bank files manually.
- Transfer money
-
Record a transfer in Xero that you have made between your bank accounts.
- Reconcile when you need to
-
You can reconcile outstanding transactions as often as each day or as little as six monthly, it’s up to you when you reconcile.
- Easily identify unreconciled items
-
View the number of items that have been automatically downloaded from your bank and are awaiting reconciliation.
- Reconcile and pay in one go
-
When you reconcile to an invoice that is not already marked as paid, the invoice will be automatically marked paid for you.
- Identify past trends
-
Interactive graphs show snapshots for the previous six months. Hovering your mouse over a date displays your bank balance on that date.
| Automatic bank feeds | Manual bank imports | |||
|---|---|---|---|---|
| Setup fee | QIF | OFX | Import data from | |
| ANZ | Free | Yes | Yes | 3 months previous |
| ASB | Free | Yes | Yes | 13 months previous |
| BankDirect | Free | Yes | Yes | 13 months previous |
| BNZ | Free | Yes | 3 months previous | |
| Kiwibank | Free | Yes | Yes | October 2004 |
| National Bank | Free | Yes | Yes | 3 months previous |
| Sovereign | Free | Yes | Yes | 13 months previous |
| TSB Bank | Free | Yes | 30 months previous | |
| Westpac | $25.00 | Yes | January 1996 | |
| Other banks | - | Yes | Yes | |
| American Express | - | Yes | ||
Automatic credit card feeds are available for Bank of New Zealand customers.
For more details on automatic bank feeds and set up information, visit our help centre. Xero supports QIF and OFX import formats and can import transactions from almost all banks.
