Reconcile a prepayment

Record a prepayment, that you haven't already entered into Xero, during bank reconciliation.

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

  2. Click Add details.

    The Bank Rec screen and the Add details link.

  3. Next to Spent as or Received as, select Prepayment.

    Add pre-payment during bank reconciliation.

  4. Enter details of the transaction. If you want to recognize tax at this point choose an account with a tax rate.
  5. Click Save Transaction.
  6. Click Reconcile.