You can see details on how to do this here. It’s critical to connect your bank to the software correctly. So, if it sees a similar one in the future, the app will suggest where you might want to allocate it.

As you do so, Xero learns what you normally do with transactions.

You’ll be telling Xero what your various transactions are.

You will inevitably spend a lot of the time using the app on the bank ‘reconcile’ screen.

The second-best feature is that Xero “learns” what you do with your transactions. No need to log into your bank and export transactions – the app does it all for you. You can connect the vast majority of UK banks so that you automatically get a ‘feed’ each day of your bank transactions. It’s more of a signpost to things you should look at, as you start getting to know this popular accounts app.Īrguably the best feature of Xero is the way it handles your bank transactions. This isn’t intended to be an in-depth Xero guide. So, here’s some directions on what you should look at when you use accounting app Xero for the first time. Getting to know a new piece of software can be a daunting task.

How to use xero accounting software