1. The statement balance in Xero is the opening bank balance plus the sum of all bank statements imported into the bank account in Xero. This should agree to your bank statement at any given date. 2. The balance in Xero is the opening bank balance plus the account transactions created in the bank account in Xero. Once all transactions have been reconciled, this balance should agree to your statement balance in point 1.
3. After statement lines from your bank have imported into Xero, this is where they will sit until you have reconciled them against account transactions in Xero.
4. This is where all imported bank statements, including manual and direct feed imports, will be listed. From this tab you can view the source of transactions, as well as if these have been reconciled on Xero.
5. The account transactions tab lists all transactions reconciled on the bank, as well as any manual payments (see XXXXX) that have been added and have yet to clear the bank.
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