How to edit bank transactions in Xero

Bank, Xero

How to edit bank transactions in Xero.

Since Xero was founded in 2006, it has been providing cloud-based accounting software to businesses all over the world. 

Today, there are over 1 million users of Xero, and the number is growing daily.

Xero is a great tool for automating your bookkeeping and keeping track of your finances.

In this blog post, we will show you how to edit bank transactions in Xero. Keep reading to learn more!

It’s easy to search for the transactions you need to find in your bank account within Xero.

First: click on the name of the bank account you want to search

You’ll be taken directly to the Account Transactions screen where you will find the Search button.

Select this and now you can search for your transaction by either the description or contact name, an amount or the date.

If you want to remove and redo a transaction, simply clock the box alongside the account transaction and select “Remove & Redo”.

The transaction is now waiting in the Reconcile tab for you to redo. Check the box alongside the transaction and select the More dropdown button. Then unmark as Reconciled.

If you want to see more information about a particular transaction, drill into the line to open up a detailed view of that transaction. This will give you an Options drop down where you can remove and redo the transaction or you can reconcile or you can reconcile or unreconciled the transaction as needed.

Depending on the type of transaction, you may also be able to copy the transaction or send a remittance from the Options dropdown button.

If a transaction is a Spend or Receive Money item, you will be able to edit the transaction itself.

Choose Edit Transaction from the Options dropdown button and make the necessary changes to the transaction.

Invoices, bills and expense claims need to be edited at this source, including adding a payment directly to the invoice. bill or expense claim. 

If you follow the steps above, you will be able to successfully edit bank transactions in Xero. This can be a useful skill if there are ever any discrepancies between your records and your bank's records. 

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About the Author

Annette Ferguson 

Owner of Annette & Co. - Chartered Accountants & Certified Profit First Professionals. Helping online service-based entrepreneurs find clarity in their numbers, increase wealth and have more money in their pockets.