How bank rule conditions work
Xero uses conditions you set to match against the information on your imported bank statement lines to decide when to apply the rule. Your rule may be simple, with only one or two conditions, or complex, with multiple conditions that evaluate several pieces of information.
Every bank rule must have at least one condition, but you can add as many as you need to build the rule. You cannot delete the last condition in a rule.
If you create a bank rule when you're reconciling or cash coding, Xero will automatically add conditions based on the statement line, using an 'equals' comparison on the values from the fields in the line. Any conditions that you add will also use information from the statement line if possible.
What's the difference between Any and All?
- All - The rule is applied only when every condition is met. If one condition doesn't match, for example if a particular piece of information is missing from a statement line, then the rule will not run. This makes the rule more restrictive.
- Any - The rule is applied if only one of the conditions is met. The rule won't fail just because one or more conditions doesn't match. This makes the rule less restrictive.
Allocating fixed value line items (optional) and the remainder
You can set up your bank rule to allocate one or more fixed-value portions of the transaction to an account in your Chart of Accounts. You can also, optionally, assign a tracking category.
After you've set up any fixed value allocations, you need to tell Xero what to do with the balance of the transaction. You can allocate the remainder to one account in your Chart of Accounts or split it between two or more, and assign a tracking category if you wish.
For example, if you make personal toll calls on your business telephone, you may want to allocate the base charge to Telephone & Internet. Then you can separate out the personal and business calls when you reconcile the transaction each month.
the Amount of a fixed value allocation as either a positive or negative number with up to two decimal places
the Percent of a remainder allocation as either a positive or negative number with up to two decimal places