Reconcile a transfer between bank accounts

Reconcile a transfer from one of your bank accounts to another. Use the Transfer tab when you've imported a statement line showing the transfer but you haven't entered the transfer into Xero.

Create quick transfer and reconcile it

  1. On the bank reconciliation screen, next to the bank statement line you want to reconcile, click the Transfer tab.

    Transfer

  2. Select the bank account.
    • If the statement line shows the withdrawal, select the bank account you transferred the money to.
    • If the statement line shows the deposit, select the bank account you transferred the money from.
  3. Click OK.

You don't need to create a transaction in the second bank account - this is done automatically. But you'll need to reconcile it with its matching bank statement line.

Create a more detailed transfer and reconcile it

Create a more detailed transfer to add extra details to it, for example, tracking.

To create a detailed transfer:

  1. Find the bank statement line for the transfer, then click Find & Match.
  2. Click + New Transaction, then Transfer Money.

    New Transaction, Transfer money

  3. Enter your bank transfer details.
  4. (Optional) Click + add tracking to apply tracking categories to the From and To bank accounts.
  5. Click Transfer.
  6. Click Reconcile.

You don't need to create a transaction in the second bank account - this is done automatically. But you'll need to reconcile it with its matching bank statement line.