Xero Bank Accounts - How to Fix Reconciliation Mistakes with Remove and Redo and Unreconcile

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  • Опубліковано 22 гру 2024

КОМЕНТАРІ • 26

  • @mark-and-trina
    @mark-and-trina  2 роки тому

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  • @fatemaamunia6902
    @fatemaamunia6902 2 роки тому +1

    Thanks for making the videos. They are all very helpful and states the fact clearly and to-the-point.

  • @hassanmaje5849
    @hassanmaje5849 2 місяці тому

    This is a crucial feature that should be an option or built-in control in any accounting system. When unreconciling, the sole purpose is to unreconcile and not to delete or alter the underlying entries in the books. Unfortunately, some programs, like Odoo, misunderstand this concept, resulting in a confusing and incorrect approach to bank reconciliation, likely due to a non-English speaking European perspective on accounting.
    Another major issue with Odoo is its handling of statement and clearance dates. It automatically treats the statement date as the date when the bank transaction cleared, even if the actual transaction date in the books is later. For example, if money comes into the bank on 30/8 and is recorded in the books dated 4/9 and reconciled on that date, a reconciliation report run with an as of date of 31/8 will incorrectly show the deposit as reconciled.

  • @trbest100
    @trbest100 2 роки тому

    Thank you - explained so clearly. Very helpful. You are my go-to Xero help!

  • @maureenmunongochembe3249
    @maureenmunongochembe3249 Рік тому

    Thank you for these videos. I have so many questions. How do I sign up ?

  • @farahsabz8468
    @farahsabz8468 Рік тому

    I just noticed I have some unpaid bills from last year end , the draft bills weren't approved. I didn't realise this was from previous financial year end and I approved the draft bill - is this going to create issue for me since it's from last year end

  • @Test-xh8bs
    @Test-xh8bs Рік тому

    Hi, if I made those bank entries manually without using the reconciliation function and my unreconciled items piled up to more than 500. Is it possible for me to clear those unreconciled items to make it 0 unreconciled items?

  • @Zaratariq564
    @Zaratariq564 Рік тому

    Anyone who can explain me in what cases we unreconcile the items because my senior instructed me to always remove and redo the transactions?

  • @ReleaseTopic87
    @ReleaseTopic87 9 місяців тому

    Can u unreconciled all at once?

  • @nitro7726
    @nitro7726 3 роки тому

    good video. just straight to the point.

    • @mark-and-trina
      @mark-and-trina  3 роки тому

      Thanks for your feedback. Glad I could help!

  • @ninas2562
    @ninas2562 Рік тому

    I click unreconcile a payment: yes, it jumps back to bank feed as unreconciled, but also it stays in the bill si I can't match it with the correct payment. What should I do now?

  • @angelagolledge9143
    @angelagolledge9143 2 роки тому

    Help! I'm new to Xero, could you please tell me how I reinstate a voided invoice number? Thank you

    • @mark-and-trina
      @mark-and-trina  2 роки тому

      When you search for an invoice you can check the box for "Include Deleted and Voided Invoices" and find your voided invoice in the search results.

  • @SharonStuart-mb9nx
    @SharonStuart-mb9nx Рік тому

    What about for an invoice or bill... if you "remove and redo" a reconciled bill/invoice will it delete the bill/invoice?

    • @mark-and-trina
      @mark-and-trina  Рік тому +1

      No. It will just remove the payment made to the bill or invoice.

    • @cathyandajer1436
      @cathyandajer1436 Рік тому

      is this applicable also to all the reconcillation mistakes made from prior years?

    • @mark-and-trina
      @mark-and-trina  Рік тому

      @@cathyandajer1436 Prior years would be locked so you can't change anything.

  • @vranid5925
    @vranid5925 2 роки тому

    if i selected the wrong bank account for the 'paid to' invoice details, how can i revert this and select the correct bank account it was paid to?

  • @sphamandlahlela5900
    @sphamandlahlela5900 2 роки тому

    How do I link bills to a bulk payment? Eg. I paid R1000 to a supplier but the amount is made up of different invoices.

    • @mark-and-trina
      @mark-and-trina  2 роки тому

      With the Match tool. Try this ua-cam.com/video/XhEv5pGpBZw/v-deo.html

  • @traceymycaladoolin4809
    @traceymycaladoolin4809 2 роки тому

    Thanks very clear