Bank rules

Bank rules are a time-saving way to reconcile regular cash transactions that you haven't created transactions in Xero for. Bank rules suggest a new transaction for you, which saves you from having to create a transaction manually.

How it works

  • With bank rules you define the conditions for each rule to match with your imported statement lines.
  • After you import a bank statement and go to reconcile your account, your rules run.
  • For each bank statement line that matches a rule, Xero suggests a transaction using the conditions you've set.
  • If the transaction that Xero suggests based on the rule is not quite right, you can edit it, create a new one, or find a transaction you've already entered into Xero to match with your statement line.